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(LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
 3 Months Ended
Apr. 30, 2019
(LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
(LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

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

 

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended April 30, 

 

    

2019

    

2018

 

 

 

 

 

 

 

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

 

$

(29,800)

 

$

4,837

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 

 

15,583

 

 

15,568

Effects of stock awards (1)

 

 

 —

 

 

88

Weighted average number of shares outstanding - diluted

 

 

15,583

 

 

15,656

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

 

 

 

 

 

 

Basic

 

$

(1.91)

 

$

0.31

Diluted

 

$

(1.91)

 

$

0.31

(1)

For the three months ended April 30, 2019, all common stock equivalents are considered to be antidilutive as the Company incurred a net loss for the period. The number for the three months ended April 30, 2018 excludes the effect of antidilutive stock options which covered 487,000 shares, which had exercise price per share in excess of the average market price per share for the period.