Net Income Per Common Share

12 Months Ended

Jan. 31, 2017

13. 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:


	Fiscal Year Ended January 31,
	2017		2016		2015
Basic weighted-average common shares outstanding		116,873,023		125,232,499		136,651,899
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		418,094		780,915		1,540,835

Diluted weighted-average shares outstanding		117,291,117		126,013,414		138,192,734

For the fiscal years ended January 31, 2017, 2016 and 2015, awards to purchase 812,957 common shares ranging in price from $28.10 to $46.02, 692,942 common shares ranging in price from $25.60 to $46.02 and 1,015,895 common shares ranging in price from $35.12 to $46.02, respectively, were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive.

As of January 31, 2017 and 2016, 3,165,152 and 2,957,573 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.