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Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic 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:
Three Months Ended June 30,Six Months Ended June 30,
In thousands, except per share data2024202320242023
Net (loss) income$(2,787)$1,244 $61,036 $72,915 
Average common shares outstanding - basic38,260 36,019 38,013 35,815 
Additional shares for stock-based compensation plans (See Note 8)
— 43 46 30 
Average common shares outstanding - diluted38,260 36,062 38,059 35,845 
(Loss) earnings per share of common stock:
Basic$(0.07)$0.03 $1.61 $2.04 
Diluted$(0.07)$0.03 1.60 2.03 
Additional information:
Anti-dilutive shares 36 2 9 1