Earnings Per Share

12 Months Ended

Jan. 31, 2019

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Earnings Per Share

20. EARNINGS PER SHARE

a) Basic earnings per share

Details of basic earnings per share were as follows:

	Years ended
	January 31, 2019		January 31, 2018
Net income attributable to shareholders		$227.0		$238.9
Weighted average number of shares		98,291,845		106,961,014
Earnings per share - basic		$2.31		$2.23

b) Diluted earnings per share

Details of diluted earnings per share were as follows:

	Years ended
	January 31, 2019		January 31, 2018
Net income attributable to shareholders		$227.0		$238.9
Weighted average number of shares		98,291,845		106,961,014
Dilutive effect of stock options		1,297,043		956,073
Weighted average number of diluted shares		99,588,888		107,917,087
Earnings per share - diluted		$2.28		$2.21

The average market value of the Company’s shares for purposes of calculating the dilutive effect of stock options was based on share value on the Toronto Stock Exchange for the period during which the options were outstanding.