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(LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
 12 Months Ended
Jan. 31, 2020
(LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
(LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

NOTE 14 – (LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

 

Basic and diluted income per share are computed as follows (shares in thousands except in note (1) below the chart):

 

 

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to the stockholders of Argan, Inc.

 

$

(42,689)

 

$

52,036

 

$

72,011

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding – basic

 

 

 15,621

 

 

15,569

 

 

15,522

Effect of stock awards (1)

 

 

 —

 

 

124

 

 

258

Weighted average number of shares outstanding – diluted

 

 

 15,621

 

 

15,693

 

 

15,780

(Loss) income per share attributable to the stockholders of Argan, Inc.

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.73)

 

$

3.34

 

$

 4.64

Diluted

 

$

(2.73)

 

$

3.32

 

$

 4.56

(1)

For Fiscal 2020, the weighted average number of shares determined on a dilutive basis excludes any effect of outstanding stock awards which represented 1,303,000 shares of the Company's common stock as of January 31, 2020. All common stock equivalents are considered to be antidilutive for Fiscal 2020 as the Company incurred a net loss for the year. The weighted average numbers for Fiscal 2019 and 2018 exclude the effects of antidilutive stock options covering 646,500 shares and 260,000 shares, respectively; the options had exercise prices per share in excess of the average market price per share for each year.