QUARTERLY FINANCIAL INFORMATION (unaudited)

12 Months Ended

Jan. 31, 2016

QUARTERLY FINANCIAL INFORMATION (unaudited)

QUARTERLY FINANCIAL INFORMATION (unaudited)

NOTE 19  — QUARTERLY FINANCIAL INFORMATION (unaudited)

Certain unaudited financial information reported for the quarterly periods ended April 30, July 31, October 31 and January 31 included in the years ended January 31, 2017 and 2016 is presented below:

	April 30		July 31		October 31		January 31		Full Year
2017
Revenues	$	130,348	$	162,495	$	175,444	$	206,760	$	675,047
Gross profit	28,302		44,012		36,578		37,819		146,711
Income from operations	21,255		34,499		26,730		29,770		112,254
Net income	14,120		23,299		19,226		20,781		77,426
Net income attributable to the stockholders of Argan, Inc.	12,230		19,674		18,073		20,351		70,328
Earnings per share(1)(2)
Basic	$	0.82	$	1.32	$	1.19	$	1.33	$	4.67
Fully diluted	$	0.81	$	1.29	$	1.16	$	1.29	$	4.50
2016
Revenues	$	85,488	$	97,434	$	113,967	$	116,386	$	413,275
Gross profit	21,167		28,493		26,262		23,543		99,465
Income from operations	15,627		23,645		20,672		14,461		74,405
Net income	10,851		15,834		14,359		9,160		50,204
Net income attributable to the stockholders of Argan, Inc.	7,503		11,307		10,807		6,728		36,345
Earnings per share(1)(2)
Basic	$	0.51	$	0.77	$	0.73	$	0.45	$	2.46
Fully diluted	$	0.50	$	0.75	$	0.72	$	0.45	$	2.42

(1) The earnings per share amounts are attributable to the stockholders of Argan, Inc.

(2) Earnings per share amounts for the quarter periods may not cross-foot to the corresponding full-year amounts as the amounts for each quarter are calculated independently of the calculations for the full-year amounts.