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Net Income per Share
6 Months Ended
Jul. 31, 2021
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 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.
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:
Three Months EndedSix Months Ended
July 31,
2021
July 31,
2020
July 31,
2021
July 31,
2020
Anti-dilutive options and restricted stock units934 321,613610321,534

The computation of earnings per share is presented below:
Three Months EndedSix Months Ended
July 31,
2021
July 31,
2020
July 31,
2021
July 31,
2020
Numerator:
Net income attributable to Raven Industries, Inc.$6,853 $5,819 $16,473 $9,866 
Denominator:
Weighted average common shares outstanding35,917,637 35,838,509 35,901,540 35,818,224 
Weighted average fully vested stock units outstanding167,874 157,488 159,923 143,580 
Denominator for basic calculation36,085,511 35,995,997 36,061,463 35,961,804 
Weighted average common shares outstanding35,917,637 35,838,509 35,901,540 35,818,224 
Weighted average fully vested stock units outstanding167,874 157,488 159,923 143,580 
Dilutive impact of stock options and restricted stock units384,432 85,991 385,952 117,485 
Denominator for diluted calculation36,469,943 36,081,988 36,447,415 36,079,289 
Net income per share ─ basic$0.19 $0.16 $0.46 $0.27 
Net income per share ─ diluted$0.19 $0.16 $0.45 $0.27