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.


	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except per share data	2026		2025		2026		2025


Net income (loss)	$	600	$	(2,500)	$	98,089	$	85,416
Average common shares outstanding - basic	42,086		40,482		41,898		40,364
Additional shares for stock-based compensation plans (See Note 8)	92		—		116		65
Average common shares outstanding - diluted	42,178		40,482		42,014		40,429






Earnings (loss) per share of common stock:
Basic	$	0.01	$	(0.06)	$	2.34	$	2.12
Diluted	0.01		(0.06)		2.33		2.11
Additional information:
Anti-dilutive shares	7		55		3		3