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Stockholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2020
Stockholders' Equity  
Computation of Basic and Diluted Net Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

January 31, 

 

January 31, 

 

January 31, 

 

 

2020

    

2019

 

2018

Net (loss) earnings(1)

 

$

(96.4)

    

$

14.4

 

$

(24.1)

(Shares in millions)

 

 

 

 

 

 

 

 

 

Basic weighted average common shares

 

 

22.3

 

 

20.1

 

 

20.1

Effect of dilutive securities - dilutive securities

 

 

 -

 

 

0.1

 

 

 -

Diluted weighted average common shares

 

 

22.3

 

 

20.2

 

 

20.1

 

 

 

 

 

 

 

 

 

 

Basic net (loss) earnings per common share(2)

 

$

(4.32)

 

$

0.72

 

$

(1.20)

Diluted net (loss) earnings per common share(2)

 

$

(4.32)

 

$

0.71

 

$

(1.20)

(1)

During the year ended January 31, 2019, the Company incurred approximately $30.6 of costs related to the completion of the merger of the Aerospace Solutions business of KLX Inc. with The Boeing Company, the Spin-Off of the energy services business into an independent public company, including $10.7 of non-cash compensation expense related to the acceleration of unvested shares held by the Company’s employees, the amendment of the $100.0 asset based lending facility due to the issuance of $250.0 of Notes and the acquisition of Motley.

(2)

On September 14, 2018, the distribution date, KLX stockholders of record as of the close of business on September 3, 2018 received 0.4 shares of KLX Energy Services common stock for every 1.0 share of KLX common stock held as of the record date. January 31, 2018 basic and diluted net loss per common share and the average number of common shares outstanding were calculated using the number of KLX Energy Services common shares outstanding immediately following the distribution.

 

Restricted Stock Shares Granted, Vested, Forfeited and Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2020

 

January 31, 2019

 

 

 

 

 

 

 

 

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

 

2,466.2

 

$

28.71

 

3.54

 

256.7

 

$

42.68

 

1.83

 

Make-whole shares granted upon Spin-Off

 

 —

 

 

 —

 

 

 

37.6

 

 

37.23

 

 

 

Shares granted

 

617.5

 

 

8.21

 

 

 

2,480.3

 

 

28.88

 

 

 

Shares vested

 

(628.7)

 

 

28.50

 

 

 

(291.8)

 

 

38.50

 

 

 

Shares forfeited

 

(90.3)

 

 

19.95

 

 

 

(16.6)

 

 

33.18

 

 

 

Outstanding, end of period

 

2,364.7

 

$

23.75

 

2.63

 

2,466.2

 

$

28.71

 

3.54