NET INCOME PER SHARE

12 Months Ended

Jan. 31, 2024

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 13 – NET INCOME PER SHARE

Basic and diluted net income per share attributable to the stockholders of Argan, Inc. for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are computed as follows (shares in thousands except in note (1) below the chart):

	2024		2023		2022
Net income	$	32,358	$	33,098	$	38,244
Weighted average number of shares outstanding – basic		13,365		14,083		15,715
Effect of stock awards (1)		183		93		198
Weighted average number of shares outstanding – diluted		13,548		14,176		15,913
Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	2.42	$	2.35	$	2.43
Diluted	$	2.39	$	2.33	$	2.40

(1) For Fiscal 2024, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options and restricted stock units covering an aggregate of 685,334, 978,834 and 570,167 shares of common stock, respectively. The options had exercise prices per share in excess of the average market price per share for the applicable year.