Earnings Per Share (Tables)

3 Months Ended

Apr. 30, 2020

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Schedule of Earnings Per Share, Basic and Diluted

The composition of basic and diluted EPS is as follows:

	Three months ended April 30,
	2020		2019
(in thousands, except per share data)
Net income	$	48,065	$	55,400
Weighted average common shares - basic	35,688		37,011
Effect of dilutive securities:
Equity based awards	314		236
Weighted average common shares - diluted	36,002		37,247
Earnings per share:
Basic	$	1.35	$	1.50
Diluted	$	1.34	$	1.49

For the three months ended April 30, 2020 there were no shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three months ended April 30, 2019 there were 322 shares excluded from the computation of diluted earnings per share because their effect would have been antidilutive.