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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. (Tables)
 6 Months Ended
Jul. 31, 2016
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
Schedule of computations of basic and diluted earnings per share

Reconciliations of weighted average basic shares outstanding to weighted average diluted shares outstanding and the computations of basic and diluted earnings per share for the three and six months ended July 31, 2016 and 2015 are as follows (shares in thousands):

 

 

 

Three Months Ended July 31,

 

 

 

2016

 

2015

 

 

 

 

 

 

 

Net income attributable to the stockholders of Argan, Inc.

 

$
19,674 

 

$
11,307 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 
14,939 

 
14,747 

 

Effect of stock options (1)

 
339 

 
256 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - diluted

 
15,278 

 
15,003 

 

 

 

 

 

 

 

Net income per share attributable to the stockholders of Argan, Inc.:

 

 

 

 

 

Basic

 

$
1.32 

 

$
0.77 

 

Diluted

 

$
1.29 

 

$
0.75 

 

 

 

 

Six Months Ended July 31,

 

 

 

2016

 

2015

 

 

 

 

 

 

 

Net income attributable to the stockholders of Argan, Inc.

 

$
31,904 

 

$
18,810 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - basic

 
14,899 

 
14,693 

 

Effect of stock options (1)

 
332 

 
259 

 

 

 

 

 

 

 

Weighted average number of shares outstanding - diluted

 
15,231 

 
14,952 

 

 

 

 

 

 

 

Net income per share attributable to the stockholders of Argan, Inc.:

 

 

 

 

 

Basic

 

$
2.14 

 

$
1.28 

 

Diluted

 

$
2.09 

 

$
1.26 

 

 

 

(1)

The numbers of antidilutive shares excluded from the diluted earnings per share computations were not material for the three and six month periods ended July 31, 2016 and 2015.