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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
 12 Months Ended
Jan. 31, 2019
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

NOTE 14 – EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

 

Basic and diluted earnings per share are computed as follows (shares in thousands except in the footnote below):

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

 

 

 

 

 

 

 

 

 

 

Net income attributable to the stockholders of Argan, Inc.

 

$

52,036

 

$

72,011

 

$

70,328

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding – basic

 

 

15,569

 

 

15,522

 

 

15,066

Effect of stock awards (1)

 

 

124

 

 

258

 

 

559

Weighted average number of shares outstanding – diluted

 

 

15,693

 

 

15,780

 

 

15,625

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

 

 

 

 

 

 

 

 

 

Basic

 

$

3.34

 

$

4.64

 

$

4.67

Diluted

 

$

3.32

 

$

4.56

 

$

4.50

(1)

These numbers exclude the effects of antidilutive stock options which covered 646,500 shares, 260,000 shares and 165,000 shares which had exercise prices per share in excess of the average market prices per share for Fiscal 2019, 2018 and 2017, respectively.