Net Income per Share

9 Months Ended

Oct. 31, 2013

Earnings Per Share [Abstract]

Net Income per Share

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.

The options and restricted stock units excluded from the diluted net income per-share share calculation were as follows:

	Three Months Ended		Nine Months Ended
	October 31, 2013	October 31, 2012	October 31, 2013	October 31, 2012
Anti-dilutive options and restricted stock units	594,200	367,511	573,033	397,600

The computation of earnings per share is presented below:

	Three Months Ended				Nine Months Ended
	October 31, 2013		October 31, 2012		October 31, 2013		October 31, 2012
Numerator:
Net income attributable to Raven Industries, Inc.	$	12,289	$	10,859	$	34,625	$	41,448
Denominator:
Weighted average common shares outstanding	36,391,195		36,306,224		36,367,412		36,279,061
Weighted average stock units outstanding	71,220		56,814		66,477		54,202
Denominator for basic calculation	36,462,415		36,363,038		36,433,889		36,333,263
Weighted average common shares outstanding	36,391,195		36,306,224		36,367,412		36,279,061
Weighted average stock units outstanding	71,220		56,814		66,477		54,202
Dilutive impact of stock options and restricted stock units	186,305		166,857		179,741		206,436
Denominator for diluted calculation	36,648,720		36,529,895		36,613,630		36,539,699
Net income per share - basic	$	0.34	$	0.30	$	0.95	$	1.14
Net income per share - diluted	$	0.34	$	0.30	$	0.95	$	1.13