XML 42 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income per Common Share
 3 Months Ended
Apr. 30, 2014
Net Income per Common Share

9. Net Income per Common Share

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

 

     Three Months Ended
April 30,		  
     2014      2013  

Basic weighted-average common shares outstanding

      144,075,666         146,289,751   

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

      1,830,878         2,509,305   
  

 

 

     

 

 

  

Diluted weighted-average shares outstanding

      145,906,544         148,799,056   
  

 

 

     

 

 

  

 

For the three months ended April 30, 2014, awards to purchase 947,950 common shares with an exercise price range of $37.02 to $46.02 were excluded from the Company’s computation of diluted weighted-average shares outstanding because their effect would have been anti-dilutive. For the three months ended April 30, 2013, there were no anti-dilutive awards excluded from the calculation of diluted net income per common share.

Excluded from the calculation of diluted net income per common share as of April 30, 2014 and 2013 were 1,742,033 and 367,100 performance-based equity awards, respectively, since they did not meet the required performance criteria.