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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
 3 Months Ended
Apr. 30, 2017
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

NOTE 12 — EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

 

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 three months ended April 30, 2017 and 2016 are as follows (shares in thousands):

 

 

 

Three Months Ended April 30,

 

 

 

2017

 

2016

 

 

 

 

 

 

 

Net income attributable to the stockholders of Argan, Inc.

 

$
20,625

 

$
12,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 
15,467

 
14,842

 

Effect of stock options (1)

 
304

 
213

 

 

 

 

 

 

 

Weighted average number of shares outstanding - diluted

 
15,771

 
15,055

 

 

 

 

 

 

 

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

 

 

 

 

 

Basic

 

$
1.33

 

$
0.82

 

 

 

 

 

 

 

 

 

Diluted

 

$
1.31

 

$
0.81

 

 

 

 

 

 

 

 

 

 

(1)

The numbers of antidilutive shares excluded from the diluted earnings per share computations were not material for the three months ended April 30, 2017 and 2016.