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

12 Months Ended

Jan. 31, 2022

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

Schedule of computations of basic and diluted net income per share


	2022		2021		2020

Net income (loss) attributable to the stockholders of Argan	$	38,244	$	23,851	$	(42,689)

Weighted average number of shares outstanding – basic		15,715		15,668		15,621
Effect of stock awards ⁽¹⁾⁽²⁾		198		157		—
Weighted average number of shares outstanding – diluted		15,913		15,825		15,621

Net income (loss) per share attributable to the stockholders of Argan
Basic	$	2.43	$	1.52	$	(2.73)
Diluted	$	2.40	$	1.51	$	(2.73)

(1)

The weighted average numbers of shares determined on a dilutive basis for Fiscal 2022 and Fiscal 2021 exclude the effects of antidilutive stock options covering 570,167 and 638,001 shares of common stock, respectively, as the options had exercise prices per share in excess of the average market price per share for the applicable year.

(2)	For Fiscal 2020, the weighted average number of shares determined on a dilutive basis excludes any effect of outstanding stock awards which covered 1,303,000 shares of the Company's common stock as of January 31, 2020 as the Company incurred a net loss for the year.