Earnings Per Share ("EPS")

9 Months Ended

Oct. 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 4—Stock-Based Compensation) using the treasury stock method. The composition of basic and diluted EPS is as follows:

	Three months ended October 31,				Nine months ended October 31,
	2014		2013		2014		2013
	(In thousands, except per share data)
Net income	$	41,700	$	37,716	$	94,495	$	70,171
Weighted-average common shares - basic	38,253		38,060		38,212		38,004
Effect of dilutive securities:
Equity-based awards	180		168		164		202
Weighted-average common shares - diluted	38,433		38,228		38,376		38,206
Net income per share:
Basic	$	1.09	$	0.99	$	2.47	$	1.85
Diluted	$	1.09	$	0.99	$	2.46	$	1.84

For the three and nine months ended October 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 nine months ended October 31, 2013, there were 6,236 shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.