Net Income per Share

12 Months Ended

Jan. 31, 2012

Net Income Per Share [Abstract]

Net Income per Share

NOTE 12 NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted-average common shares and stock units outstanding. Diluted net income per share is computed by dividing net income by the weighted-average common and common equivalent shares outstanding (which includes the shares issuable upon exercise of employee stock options, net of shares assumed purchased with the option proceeds) and stock units outstanding. Certain outstanding options were excluded from the diluted net income per share calculations because their effect would have been anti-dilutive. For fiscal 2012, 2011 and 2010, 34, 128 and 338 options, respectively, were excluded from the diluted net income per-share calculation.

Details of the computation are presented below:

	For the years ended January 31
	2012		2011		2010
Numerator:
Net income attributable to Raven Industries, Inc.	$	50,569	$	40,537	$	28,574
Denominator:
Weighted average common shares outstanding	18,091		18,042		18,021
Weighted average stock units outstanding	26		25		19
Denominator for basic calculation	18,117		18,067		18,040
Weighted average common shares outstanding	18,091		18,042		18,021
Weighted average stock units outstanding	26		25		19
Dilutive impact of stock options	110		43		3
Denominator for diluted calculation	18,227		18,110		18,043
Net income per share - basic	$	2.79	$	2.24	$	1.58
Net income per share - diluted	$	2.77	$	2.24	$	1.58