XML 64 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2017
CONSOLIDATED STATEMENTS OF EARNINGS      
REVENUES $ 482,153 $ 892,815 $ 675,047
Cost of revenues 399,715 743,490 528,336
GROSS PROFIT 82,438 149,325 146,711
Selling, general and administrative expenses 40,710 41,764 32,478
Impairment losses 1,491 584 1,979
INCOME FROM OPERATIONS 40,237 106,977 112,254
Other income, net 6,981 5,648 2,278
INCOME BEFORE INCOME TAXES 47,218 112,625 114,532
Income tax benefit (expense) 4,651 (40,279) (37,106)
NET INCOME 51,869 72,346 77,426
Net (loss) income attributable to non-controlling interests (167) 335 7,098
NET INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. 52,036 72,011 70,328
Foreign currency translation adjustments (1,768) 2,184 (197)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. $ 50,268 $ 74,195 $ 70,131
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.      
Basic (in Dollars per share) $ 3.34 $ 4.64 $ 4.67
Diluted (in Dollars per share) $ 3.32 $ 4.56 $ 4.50
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING      
Basic (in shares) 15,569 15,522 15,066
Diluted (in shares) 15,693 15,780 15,625
CASH DIVIDENDS PER SHARE (Note 15) $ 1.00 $ 1.00 $ 1.00