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Net Income per Common Share
 6 Months Ended
Jul. 31, 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
July 31,		      Six Months Ended
July 31,		  
     2014      2013      2014      2013  

Basic weighted-average common shares outstanding

      136,453,663         147,038,073         140,201,489         146,670,110   

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

      1,723,447         2,323,059         1,777,162         2,416,182   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted-average common shares outstanding

      138,177,110         149,361,132         141,978,651         149,086,292   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the three months ended July 31, 2014 and 2013, awards to purchase 1,183,390 common shares with an exercise price range of $35.12 to $46.02 and 100,000 common shares with an exercise price of $46.02, respectively, were outstanding but were not included in the Company’s computation of diluted weighted-average common shares outstanding because their effect would have been anti-dilutive. For the six months ended July 31, 2014 and 2013, awards to purchase 1,065,670 common shares with an exercise price range of $35.12 to $46.02 and 50,000 common shares with an exercise price of $46.02, respectively, were outstanding but were not included in the Company’s computation of diluted weighted-average common 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, 2014 and 2013, were 1,744,034 and 377,100 performance-based equity awards, respectively, since they did not meet the required performance criteria.