Earnings Per Share ("EPS")

6 Months Ended

Jul. 31, 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 July 31,				Six months ended July 31,
	2014		2013		2014		2013
Net income	$	39,328	$	14,695	$	52,795	$	32,455
Weighted-average common shares - basic	38,244		38,043		38,191		37,976
Effect of dilutive securities:
Equity-based awards	124		137		151		201
Weighted-average common shares - diluted	38,368		38,180		38,342		38,177
Net income per share:
Basic	$	1.03	$	0.39	$	1.38	$	0.85
Diluted	$	1.03	$	0.38	$	1.38	$	0.85

For the three and six months ended July 31, 2014 there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three and six months ended July 31, 2013, there were 6,236 shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.