Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

EARNINGS PER SHAREBasic earnings or loss per share are computed using NW Holdings' net income or loss 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 or loss per common share.

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


In thousands, except per share data	2021		2020		2019
Net income from continuing operations	$	78,666	$	70,273	$	65,311
Income (loss) from discontinued operations, net of tax	—		6,508		(3,576)
Net income	$	78,666	$	76,781	$	61,735
Average common shares outstanding - basic	30,702		30,541		29,786
Additional shares for stock-based compensation plans (See Note 8)	50		58		73
Average common shares outstanding - diluted	30,752		30,599		29,859
Earnings from continuing operations per share of common stock:
Basic	$	2.56	$	2.30	$	2.19
Diluted	2.56		2.30		2.19
Earnings (loss) from discontinued operations per share of common stock:
Basic	$	—	$	0.21	$	(0.12)
Diluted	—		0.21		(0.12)
Earnings per share of common stock:
Basic	$	2.56	$	2.51	$	2.07
Diluted	2.56		2.51		2.07
Additional information:
Anti-dilutive shares	7		1		—