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

3 Months Ended

Apr. 30, 2022

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 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 note):

	Three Months Ended April 30,
	2022		2021
Net income attributable to the stockholders of Argan	$	7,485	$	10,766
Weighted average number of shares outstanding – basic		14,910		15,726
Effect of stock awards (1)		82		235
Weighted average number of shares outstanding – diluted		14,992		15,961
Net income per share attributable to the stockholders of Argan
Basic	$	0.50	$	0.68
Diluted	$	0.50	$	0.67

(1) For the three months ended April 30, 2022 and 2021, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 867,334 and 279,500 shares of common stock, respectively.