Earnings Per Share Attributable to the Stockholders of Argan, Inc.

3 Months Ended

Apr. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share Attributable to the Stockholders of Argan, Inc.

NOTE 12 – EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Basic earnings per share amounts for the three months ended April 30, 2015 and 2014 were computed by dividing net income attributable to the stockholders of Argan by the weighted average number of shares of common stock that were outstanding during the applicable period. Diluted earnings per share amounts for the three months ended April 30, 2015 and 2014 were computed by dividing the corresponding amounts of net income attributable to the stockholders of Argan by the weighted average number of outstanding common shares for the applicable period plus 227,000 shares and 383,000 shares representing the total dilutive effects of outstanding stock options during the periods, respectively.

The diluted weighted average number of shares outstanding for the three months ended April 30, 2015 excluded the effect of options to purchase approximately 40,000 shares of common stock because such anti-dilutive common stock equivalents had exercise prices that were in excess of the average market price of the Company’s common stock during the period. There were no anti-dilutive common stock equivalents for the three-month period ended April 30, 2014.