Earnings Per Share ("EPS")

3 Months Ended

Apr. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share ("EPS")

EARNINGS PER SHARE (“EPS”)

The Company reports a dual presentation of basic and diluted EPS. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted EPS reflects the potential dilution related to equity-based incentives (further discussed in Note 5—Stock-Based Compensation) using the treasury stock method. The composition of basic and diluted EPS is as follows:

	Three months ended April 30,
	2014					2013
	Net income		Weightedaverage shares	Per share amount		Net income		Weightedaverage shares	Per share amount
	(In thousands, except per share data)
Net income per share - basic	$	13,467	38,137	$	0.35	$	17,760	37,907	$	0.47
Effect of dilutive securities:
Equity-based awards			184					264
Net income per share - diluted	$	13,467	38,321	$	0.35	$	17,760	38,171	$	0.47

At April 30, 2014, no shares were excluded from the computation of diluted earnings per share as there were no equity-based awards outstanding where the exercise price was greater than the average market price, thereby resulting in an antidilutive effect. At April 30, 2013, there were 9,456 shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.