Earnings Per Share

3 Months Ended

Mar. 31, 2021

EARNINGS PER SHARE

Basic earnings per share are computed using NW Holdings' net income and the weighted average number of common shares outstanding for each period presented. Diluted earnings per share are computed in the same manner, except using the weighted average number of common shares outstanding plus the effects of the assumed exercise of stock options and the payment of estimated stock awards from other stock-based compensation plans that are outstanding at the end of each period presented. Anti-dilutive stock awards are excluded from the calculation of diluted earnings per common share.

NW Holdings' diluted earnings or loss per share are calculated as follows:


	Three Months Ended March 31,
In thousands, except per share data		2021		2020
Net income from continuing operations		$	59,517	$	48,276
Loss from discontinued operations, net of tax		—		(778)
Net income		$	59,517	$	47,498
Average common shares outstanding - basic		30,614		30,491
Additional shares for stock-based compensation plans (See Note 7)		19		44
Average common shares outstanding - diluted		30,633		30,535
Earnings from continuing operations per share of common stock:
Basic		$	1.94	$	1.58
Diluted		$	1.94	$	1.58
Loss from discontinued operations per share of common stock:
Basic		$	—	$	(0.02)
Diluted		$	—	$	(0.02)
Earnings per share of common stock:
Basic		$	1.94	$	1.56
Diluted		$	1.94	$	1.56
Additional information:
Anti-dilutive shares		12		3