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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. (Tables)
 12 Months Ended
Jan. 31, 2017
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
Schedule of computations of basic and diluted earnings per share

 

Reconciliations of weighted average basic shares outstanding to weighted average diluted shares outstanding and the computations of basic and diluted earnings per share for the years ended January 31, 2017, 2016 and 2015 are as follows (shares in thousands):

 

 

 

2017

 

2016

 

2015

 

Net income attributable to the stockholders of Argan, Inc.

 

$
70,328

 

$
36,345

 

$
30,445

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 
15,066

 
14,757

 
14,433

 

Effect of stock options (1)

 
559

 
267

 
390

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - diluted

 
15,625

 
15,024

 
14,823

 

 

 

 

 

 

 

 

 

Net income per share attributable to the stockholders of Argan, Inc.:

 

 

 

 

 

 

 

Basic

 

$
4.67

 

$
2.46

 

$
2.11

 

Diluted

 

$
4.50

 

$
2.42

 

$
2.05

 

 

 

(1)

The numbers of antidilutive shares excluded from the diluted earnings per share computations were 165, 180 and 40 for the years ended January 31, 2017, 2016 and 2015, respectively.