BUSINESS COMBINATIONS (Tables)

12 Months Ended

Jan. 31, 2016

BUSINESS COMBINATIONS

Schedule of Net Cash Used in the Acquisition of APC and Roberts

	APC		Roberts
Net assets acquired	$	11,101	$	16,137
Less - shares of common stock issued	3,536		—
Less - escrow liability	1,081		—
Less - cash acquired	2,274		2,968
Net cash used	$	4,210	$	13,169

Schedule of Fair Values of Assets and Liabilities of APC and Roberts

	APC		Roberts
Cash	$	2,274	$	2,968
Accounts receivable	5,735		18,931
Costs and estimated earnings in excess of billings	3,177		2,162
Deferred income tax assets	—		4,399
Prepaid expenses and other assets	594		1,600
Property, plant and equipment	1,303		7,127
Intangible assets	543		7,487
Goodwill	4,049		14,880
Less - Accounts payable and accrued expenses	5,830		34,188
Less - Billings in excess of costs and estimated earnings	—		9,229
Less - Deferred income tax and other liabilities	744		—
Net assets acquired	$	11,101	$	16,137

Summary of Pro Forma Information

	2016		2015
Pro forma revenues	$	575,961	$	524,795
Pro forma net income	$	26,561	$	44,122
Pro forma net income attributable to the stockholders of Argan, Inc.	$	12,702	$	31,112
Pro forma earnings per share attributable to the stockholders of Argan, Inc.
Basic	$	0.86	$	2.14
Diluted	$	0.84	$	2.06