EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. (Tables)

6 Months Ended

Jul. 31, 2019

EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Schedule of computations of basic and diluted earnings (loss) per share

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

	Three Months Ended July 31,
	2019		2018
Net income attributable to the stockholders of Argan, Inc.	$	1,154	$	16,972
Weighted average number of shares outstanding - basic		15,633		15,568
Effects of stock awards (1)		124		105
Weighted average number of shares outstanding - diluted		15,757		15,673
Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	0.07	$	1.09
Diluted	$	0.07	$	1.08

	Six Months Ended July 31,
	2019		2018
Net (loss) income attributable to the stockholders of Argan, Inc.	$	(28,646)	$	21,809
Weighted average number of shares outstanding - basic		15,608		15,568
Effects of stock awards (1)		—		105
Weighted average number of shares outstanding - diluted		15,608		15,673
Net (loss) income per share attributable to the stockholders of Argan, Inc.
Basic	$	(1.84)	$	1.40
Diluted	$	(1.84)	$	1.39

(1) For the three months ended July 31, 2019, the weighted average number of shares determined on a dilutive basis excludes the effect of antidilutive stock options covering 530,000 shares of common stock. For the six months ended July 31, 2019, all common stock equivalents are considered to be antidilutive as the Company incurred a net loss for the period. The numbers for the three and six months ended July 31, 2018 exclude the effects of antidilutive stock options covering 486,500 shares,which had exercise prices per share in excess of the average market price per share for the applicable period.