NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

3 Months Ended

Apr. 30, 2021

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

NOTE 11 – NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

Basic and diluted net income (loss) per share amounts are computed as follows (shares in thousands except in the notes):

	Three Months Ended April 30,
	2021		2020
Net income (loss) attributable to the stockholders of Argan	$	10,766	$	(763)
Weighted average number of shares outstanding – basic		15,726		15,643
Effect of stock awards (1)(2)		235		—
Weighted average number of shares outstanding – diluted		15,961		15,643
Net income (loss) per share attributable to the stockholders of Argan
Basic	$	0.68	$	(0.05)
Diluted	$	0.67	$	(0.05)

(1) For the three months ended April 30, 2021, the weighted average number of shares determined on a dilutive basis excludes the effects of antidilutive stock options covering an aggregate of 279,500 shares of common stock.

(2) For the three months ended April 30, 2020, all common stock equivalents, which covered 1,483,151 shares of common stock, were considered to be antidilutive as the Company incurred a net loss for the period.