NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN (Tables)

12 Months Ended

Jan. 31, 2023

NET INCOME PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN

Schedule of computations of basic and diluted net income per share

	2023		2022		2021
Net income	$	33,098	$	38,244	$	23,851
Weighted average number of shares outstanding – basic		14,083		15,715		15,668
Effect of stock awards (1)		93		198		157
Weighted average number of shares outstanding – diluted		14,176		15,913		15,825
Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	2.35	$	2.43	$	1.52
Diluted	$	2.33	$	2.40	$	1.51

(1) The weighted average numbers of shares determined on a dilutive basis for Fiscal 2023, Fiscal 2022 and Fiscal 2021 exclude the effects of antidilutive stock options covering 978,834, 570,167 and 638,001 shares of common stock, respectively, as the options had exercise prices per share in excess of the average market price per share for the applicable year.