Earnings Per Share (Notes)

3 Months Ended

Apr. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 2 — 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 3 – Stock-Based Compensation) using the treasury stock method. The composition of basic and diluted EPS is as follows:

	Three months ended April 30,
	2015		2014
	(In thousands, except per share data)
Net income	$	51,277	$	13,467
Weighted average common shares - basic	36,822		38,137
Effect of dilutive securities:
Equity based awards	214		184
Weighted average common shares - diluted	37,036		38,321
Net income per share:
Basic	$	1.39	$	0.35
Diluted	$	1.38	$	0.35

For the three months ended April 30, 2015 and 2014, there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.