Net Income per Share

12 Months Ended

Jan. 31, 2013

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), stock units and restricted stock units outstanding. Performance share awards are included in the diluted calculation based upon what would be issued if the end of the most recent reporting period was the end of the term of the award. Certain outstanding options and restricted stock units were excluded from the diluted net income per-share calculations because their effect would have been anti-dilutive under the treasury stock method. For fiscal 2013, 2012 and 2011, 397,600, 67,900 and 255,146 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,
	2013		2012		2011
Numerator:
Net income attributable to Raven Industries, Inc.	$	52,545	$	50,569	$	40,537
Denominator:
Weighted average common shares outstanding	36,290,329		36,182,042		36,083,342
Weighted average stock units outstanding	54,929		52,448		50,450
Denominator for basic calculation	36,345,258		36,234,490		36,133,792
Weighted average common shares outstanding	36,290,329		36,182,042		36,083,342
Weighted average stock units outstanding	54,929		52,448		50,450
Dilutive impact of stock options and RSUs	188,166		218,730		85,796
Denominator for diluted calculation	36,533,424		36,453,220		36,219,588
Net income per share - basic	$	1.45	$	1.40	$	1.12
Net income per share - diluted	$	1.44	$	1.39	$	1.12