Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

NOTE 18 – QUARTERLY FINANCIAL INFORMATION (unaudited)

Certain unaudited financial information reported for the quarterly periods ended April 30, July 31, October 31 and January 31 included in the fiscal years ended January 31, 2014 and 2013 is presented below ($s in thousands except per share data):


Fiscal Year	April 30		July 31		October 31⁽¹⁾		January 31⁽²⁾		Full Year
2014
Revenues	$	46,648	$	57,864	$	63,452	$	59,491	$	227,455
Gross profit		13,028		21,257		23,876		20,687		78,848
Income from continuing operations		6,940		13,923		12,449		10,032		43,344
Net income		6,940		13,923		12,449		10,032		43,344
Net income attributable to the stockholders of Argan, Inc.		6,410		12,623		11,928		9,164		40,125
Earnings per share⁽³⁾
Basic	$	0.46	$	0.90	$	0.85	$	0.64	$	2.85
Fully diluted	$	0.45	$	0.89	$	0.83	$	0.63	$	2.78
2013
Revenues	$	63,690	$	82,619	$	74,486	$	57,840	$	278,635
Gross profit		10,101		12,879		13,136		14,019		50,135
Income from continuing operations		4,547		5,981		5,713		5,861		22,102
Net income		4,262		5,981		5,713		5,861		21,817
Net income attributable to the stockholders of Argan, Inc.		4,438		6,201		6,065		6,561		23,265
Earnings per share⁽³⁾
Basic	$	0.32	$	0.45	$	0.44	$	0.47	$	1.69
Fully diluted	$	0.32	$	0.45	$	0.43	$	0.46	$	1.65

(1)	The operating results for the three months ended October 31, 2013 were favorably affected by the development success fee related to the purchase of Moxie Liberty by Panda which was recognized as revenue by the Company in the amount of $14.3 million.

(2)	The operating results for the three months ended January 31, 2014 were favorably affected by the development success fee related to the purchase of Moxie Patriot by Panda which was recognized as revenue by the Company in the amount of $12.8 million.

(3)	The earnings per share amounts are attributable to the stockholders of Argan, Inc.