Net Income Per Share

9 Months Ended

Oct. 31, 2011

Net Income Per Share [Abstract]

Net Income Per Share [Text Block]

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) and stock units outstanding. Certain outstanding options were excluded from the diluted net income per-share calculations because their effect would have been anti-dilutive. For the three and nine-month periods ended October 31, 2011, zero and 136 shares were excluded, respectively. For the three and nine-month periods ended October 31, 2010, 25 and 164 shares were excluded, respectively. Details of the earnings per share computation are presented below:

	Three Months Ended				Nine Months Ended
	October 31, 2011		October 31, 2010		October 31, 2011		October 31, 2010
Numerator:
Net income attributable to Raven Industries, Inc.	$	11,390	$	11,833	$	39,567	$	33,131
Denominator:
Weighted average common shares outstanding	18,097		18,040		18,085		18,036
Weighted average stock units outstanding	24		27		27		25
Denominator for basic calculation	18,121		18,067		18,112		18,061
Weighted average common shares outstanding	18,097		18,040		18,085		18,036
Weighted average stock units outstanding	24		27		27		25
Dilutive impact of stock options	98		48		103		31
Denominator for diluted calculation	18,219		18,115		18,215		18,092
Net income per share — basic	$	0.63	$	0.65	$	2.18	$	1.83
Net income per share — diluted	$	0.63	$	0.65	$	2.17	$	1.83