XML 52 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income per Common Share
 6 Months Ended
Jul. 31, 2013
Net Income per Common Share

8. Net Income per Common Share

The following is a reconciliation of the weighted-average shares outstanding used for the computation of basic and diluted net income per common share:

 

     Three Months Ended
July 31,		      Six Months Ended
July 31,		  
     2013      2012      2013      2012  

Basic weighted-average common shares outstanding.

      147,038,073         144,817,752         146,670,110         144,764,072   

Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units

      2,323,059         797,054         2,416,182         828,261   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted-average shares outstanding

      149,361,132         145,614,806         149,086,292         145,592,333   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the three months ended July 31, 2013 and 2012, awards to purchase 100,000 and 4,529,300 common shares, respectively, were outstanding but were not included in the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive. Awards to purchase 50,000 and 4,352,475 common shares were outstanding for the six months ended July 31, 2013 and 2012, respectively, but were not included in the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive.

Excluded from the calculation of diluted net income per common share as of July 31, 2013 and July 31, 2012, were 377,100 and 2,775,740 performance-based equity awards, respectively, since they did not meet the required performance criteria.