Income Per Share from Continuing Operations Attributable to REX Common Shareholders

9 Months Ended

Oct. 31, 2012

Earnings Per Share [Text Block]

Note 10. Income Per Share from Continuing Operations Attributable to REX Common Shareholders

          The following table reconciles the computation of basic and diluted net income per share from continuing operations for the periods presented (in thousands, except per share amounts):

	Three Months Ended October 31, 2012						Three Months Ended October 31, 2011
	Income		Shares		Per Share		Income		Shares		Per Share
Basic income per share from continuing operations attributable to REX common shareholders	$	272		8,226	$	0.03	$	6,029		9,205	$	0.65
Effect of stock options		—		32				—		34
Diluted income per share from continuing operations attributable to REX common shareholders	$	272		8,258	$	0.03	$	6,029		9,239	$	0.65

	Nine Months Ended October 31, 2012						Nine Months Ended October 31, 2011
	Income		Shares		Per Share		Income		Shares		Per Share
Basic income per share from continuing operations attributable to REX common shareholders	$	1,707		8,311	$	0.21	$	12,200		9,385	$	1.30
Effect of stock options		—		50				—		68
Diluted income per share from continuing operations attributable to REX common shareholders	$	1,707		8,361	$	0.21	$	12,200		9,453	$	1.29

          For the three and nine months ended October 31, 2012 and 2011, there were no shares subject to outstanding options that were not included in the common equivalent shares outstanding calculation as the effect from these shares was antidilutive.