(LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. (Tables)

9 Months Ended

Oct. 31, 2019

(LOSS) INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Schedule of computations of basic and diluted (loss) income per share

Basic and diluted (loss) income per share are computed as follows (shares in thousands except in note(1) below the charts):

	Three Months Ended October 31,
	2019		2018
Net (loss) income attributable to the stockholders of Argan, Inc.	$	(6,855)	$	32,434
Weighted average number of shares outstanding - basic		15,633		15,569
Effects of stock awards (1)		—		133
Weighted average number of shares outstanding - diluted		15,633		15,702
Net (loss) income per share attributable to the stockholders of Argan, Inc.
Basic	$	(0.44)	$	2.08
Diluted	$	(0.44)	$	2.07

	Nine Months Ended October 31,
	2019		2018
Net (loss) income attributable to the stockholders of Argan, Inc.	$	(35,501)	$	54,243
Weighted average number of shares outstanding - basic		15,617		15,568
Effects of stock awards (1)		—		117
Weighted average number of shares outstanding - diluted		15,617		15,685
Net (loss) income per share attributable to the stockholders of Argan, Inc.
Basic	$	(2.27)	$	3.48
Diluted	$	(2.27)	$	3.46

(1) For the three and nine months ended October 31, 2019, the weighted average numbers of shares determined on a dilutive basis excludes the effects of outstanding stock awards. All common stock equivalents are considered to be antidilutive for these periods as the Company incurred net losses in each period. The weighted average numbers for the three and nine months ended October 31, 2018 exclude the effects of antidilutive stock options covering 581,500 shares for each period; the options had exercise prices per share in excess of the average market price per share for each period.