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Net Income per Share
 6 Months Ended
Jul. 31, 2012
Net Income Per Share [Abstract]  
Net Income per Share
NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted average common shares and stock units outstanding. Diluted net income per share is computed by dividing net income by the weighted average common and common equivalent shares outstanding which includes the shares issuable upon exercise of employee stock options (net of shares assumed purchased with the option proceeds), stock units and restricted stock units outstanding. Performance share awards are included in the diluted calculation based upon what would be issued if the end of the most recent reporting period was the end of the term of the award.

Certain outstanding options and restricted stock units were excluded from the diluted net income per-share calculations because their effect would have been anti-dilutive under the treasury stock method. For the three and six-month periods ended July 31, 2012, 393 and 352 options and restricted stock units were excluded, respectively. For the three and six-month periods ended July 31, 2011, 272 and 272 options were excluded, respectively.

The computation of earnings per share is presented below:
 
Three Months Ended
 
Six Months Ended
 
July 31,
2012
 
July 31,
2011
 
July 31,
2012
 
July 31,
2011
Numerator:
 
 
 
 
 
 
 
Net income attributable to Raven Industries, Inc.
$
11,546

 
$
12,461

 
$
30,589

 
$
28,177

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
36,286

 
36,166

 
36,265

 
36,158

Weighted average stock units outstanding
57

 
58

 
53

 
56

Denominator for basic calculation
36,343

 
36,224

 
36,318

 
36,214

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
36,286

 
36,166

 
36,265

 
36,158

Weighted average stock units outstanding
57

 
58

 
53

 
56

Dilutive impact of stock options and restricted stock units
222

 
206

 
227

 
214

Denominator for diluted calculation
36,565

 
36,430

 
36,545

 
36,428

 
 
 
 
 
 
 
 
Net income per share - basic
$
0.32

 
$
0.34

 
$
0.84

 
$
0.78

Net income per share - diluted
$
0.32

 
$
0.34

 
$
0.84

 
$
0.77