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Net Income per Share
9 Months Ended
Oct. 31, 2016
Earnings Per Share [Abstract]  
Net Income per Share
NET INCOME (LOSS) PER SHARE

Basic net income per share is computed by dividing net income by the weighted average common shares and fully vested 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. Weighted average common and common equivalent shares outstanding are excluded from the diluted loss per share calculation as their inclusion would have an antidilutive effect.
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,
2016
 
October 31,
2015
 
October 31,
2016
 
October 31,
2015
Anti-dilutive options and restricted stock units
653,513
 
1,216,318
 
922,041
 
1,150,227


The computation of earnings per share is presented below:
 
Three Months Ended
 
Nine Months Ended
 
October 31,
2016
 
October 31,
2015
 
October 31,
2016
 
October 31,
2015
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to Raven Industries, Inc.
$
5,741

 
$
(6,188
)
 
$
15,753

 
$
2,858

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
36,076,259

 
36,785,140

 
36,164,468

 
37,481,675

Weighted average fully vested stock units outstanding
97,716

 
92,470

 
100,595

 
84,597

Denominator for basic calculation
36,173,975

 
36,877,610

 
36,265,063

 
37,566,272

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
36,076,259

 
36,785,140

 
36,164,468

 
37,481,675

Weighted average fully vested stock units outstanding
97,716

 
92,470

 
100,595

 
84,597

Dilutive impact of stock options and restricted stock units
122,270

 

 
70,102

 
47,773

Denominator for diluted calculation
36,296,245

 
36,877,610

 
36,335,165

 
37,614,045

 
 
 
 
 
 
 
 
Net income (loss) per share - basic
$
0.16

 
$
(0.17
)
 
$
0.43

 
$
0.08

Net income (loss) per share - diluted
$
0.16

 
$
(0.17
)
 
$
0.43

 
$
0.08