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

6 Months Ended

Jul. 31, 2021

NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

Schedule of computations of basic and diluted net income per share

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

	Three Months Ended July 31,
	2021		2020
Net income attributable to the stockholders of Argan	$	12,870	$	5,609
Weighted average number of shares outstanding – basic		15,769		15,653
Effect of stock awards (1)		213		135
Weighted average number of shares outstanding – diluted		15,982		15,788
Net income per share attributable to the stockholders of Argan
Basic	$	0.82	$	0.36
Diluted	$	0.81	$	0.36

(1) For the three months ended July 31, 2021 and 2020, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 366,500 and 761,000 shares of common stock, respectively.

	Six Months Ended July 31,
	2021		2020
Net income attributable to the stockholders of Argan	$	23,636	$	4,846
Weighted average number of shares outstanding – basic		15,748		15,648
Effect of stock awards (1)		230		119
Weighted average number of shares outstanding – diluted		15,978		15,767
Net income per share attributable to the stockholders of Argan
Basic	$	1.50	$	0.31
Diluted	$	1.48	$	0.31

(1) For the six months ended July 31, 2021 and 2020, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 366,500 and 831,000 shares of common stock, respectively.