Stockholders' Equity (Tables)

12 Months Ended

Jan. 31, 2016

Computation of Basic and Diluted Net Earnings Per Share


	Year Ended						Month Ended
	January 31, 2016		December 31, 2014		December 31, 2013		January 31, 2015
Numerator: net (loss) earnings	$	(385.8)	$	88.1	$	150.4	$	7.1
Denominator:
Denominator for basic earnings per share—Weighted average shares (in millions)		52.2		52.2		52.2		52.2
Effect of dilutive securities—Dilutive securities (in millions)		—		0.1		0.1		0.1
Denominator for diluted earnings per share—Adjusted weighted average shares (in millions)		52.2		52.3		52.3		52.3
Basic net (loss) earnings per share(1)	$	(7.39)	$	1.69	$	2.88	$	0.14
Diluted net (loss) earnings per share(1)	$	(7.39)	$	1.68	$	2.88	$	0.14

(1)

On December 16, 2014, the distribution date, B/E Aerospace stockholders of record as of the close of business on December 5, 2014 received one share of KLX common stock for every two shares of B/E Aerospace’s common stock held as of the record date. Basic and diluted earnings per common share and the average number of common shares outstanding were calculated using the number of KLX common shares outstanding immediately following the distribution.

Restricted Stock Shares Granted, Vested, Forfeited and Outstanding


	January 31, 2016				January 31, 2015
				Weighted				Weighted
		Weighted		Average		Weighted		Average
		Average		Remaining		Average		Remaining
	Shares	Grant Date		Vesting Period	Shares	Grant Date		Vesting Period
	(in thousands)	Fair Value		(in years)	(in thousands)	Fair Value		(in years)
Outstanding, beginning of period	559.2	$	38.09	2.97	275.5	$	37.21	2.49
Shares granted	497.8		33.42		288.6		39.08
Shares vested	(171.4)		34.65		—		—
Shares forfeited	(58.4)		38.56		(4.9)		47.16
Outstanding, end of period	827.2	$	35.96	3.12	559.2	$	38.09	2.97

Summary of Options Activity

The following table sets forth the summary of options activity under the Plan (dollars in thousands except per share data):


	January 31, 2016						January 31, 2015
				Weighted						Weighted
		Weighted		Average				Weighted		Average
		Average		Remaining		Aggregate		Average		Remaining		Aggregate
	Number	Exercise		Contractual Life		Intrinsic	Number	Exercise		Contractual Life		Intrinsic
	of Shares	Price		(in years)		Value (1)	of Shares	Price		(in years)		Value (1)
Outstanding, beginning of period	894,899	$	39.08	9.96	$	205.8	—		—	—	$	—
Granted	—		—				894,899	$	39.08
Exercised	—		—				—		—
Canceled	—		—				—		—
Outstanding, end of period	894,899	$	39.08	8.96	$	—	894,899	$	39.08	9.96	$	205.8

Exercisable, end of period	298,301	$	39.08	8.96	$	—	—	$	—	—	$	—

(1)

Aggregate intrinsic value is calculated based on the difference between our closing stock price at year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised all their options on the fiscal year end date.

weighted Average Assumptions Used to Value Option Grants


		January 31,
		2015
Expected life (in years)		6.50
Volatility		30.0%
Risk free interest rate		1.5%
Dividend yield		-