NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

9 Months Ended

Oct. 31, 2021

NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

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

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

	Three Months Ended October 31,
	2021		2020
Net income attributable to the stockholders of Argan	$	12,393	$	9,454
Weighted average number of shares outstanding – basic		15,774		15,680
Effect of stock awards (1)		189		153
Weighted average number of shares outstanding – diluted		15,963		15,833
Net income per share attributable to the stockholders of Argan
Basic	$	0.79	$	0.60
Diluted	$	0.78	$	0.60

(1) For the three months ended October 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 579,167 and 506,501 shares of common stock, respectively.

	Nine Months Ended October 31,
	2021		2020
Net income attributable to the stockholders of Argan	$	36,029	$	14,300
Weighted average number of shares outstanding – basic		15,757		15,659
Effect of stock awards (1)		223		136
Weighted average number of shares outstanding – diluted		15,980		15,795
Net income per share attributable to the stockholders of Argan
Basic	$	2.29	$	0.91
Diluted	$	2.25	$	0.91

(1) For the nine months ended October 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 688,000 shares of common stock, respectively.