Net Income per Share

12 Months Ended

Jan. 31, 2015

Earnings 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.

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

	For the years ended January 31,
	2015	2014	2013
Anti-dilutive options and restricted stock units	781,988	577,213	397,600

The computation of earnings per share is presented below:

	For the years ended January 31,
	2015		2014		2013
Numerator:
Net income attributable to Raven Industries, Inc.	$	31,733	$	42,903	$	52,545
Denominator:
Weighted average common shares outstanding	36,859,026		36,379,356		36,290,329
Weighted average stock units outstanding	69,484		67,724		54,929
Denominator for basic calculation	36,928,510		36,447,080		36,345,258
Weighted average common shares outstanding	36,859,026		36,379,356		36,290,329
Weighted average stock units outstanding	69,484		67,724		54,929
Dilutive impact of stock options and RSUs	174,784		198,295		188,166
Denominator for diluted calculation	37,103,294		36,645,375		36,533,424
Net income per share - basic	$	0.86	$	1.18	$	1.45
Net income per share - diluted	$	0.86	$	1.17	$	1.44