Earnings Per Share ("EPS") (Notes)

12 Months Ended

Jan. 31, 2016

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 9 - Employee Benefit Plans) using the treasury stock method. The composition of basic and diluted EPS (in thousands, except per share data) is as follows:



Year ended January 31:	2016		2015		2014
Net income	$	265,736	$	175,172	$	179,932

Weighted average common shares - basic	35,898		38,172		38,020
Effect of dilutive securities:
Equity-based awards	199		182		208
Weighted average common shares - diluted	36,097		38,354		38,228

Net income per share
Basic	$	7.40	$	4.59	$	4.73
Diluted	$	7.36	$	4.57	$	4.71

For the fiscal years ended January 31, 2016 and 2015, there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the fiscal year ended January 31, 2014, there were 6,236 shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.