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Net Income Per Common Share

12 Months Ended

Jan. 31, 2020

14. 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,
	2020		2019		2018
Basic weighted-average common shares outstanding		99,833,011		108,303,594		111,887,308
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		755,666		1,402,413		480,616
Diluted weighted-average shares outstanding		100,588,677		109,706,007		112,367,924

For the fiscal years ended January 31, 2020, 2019 and 2018, awards to purchase 406,250 common shares ranging in price from $28.47 to $46.42, awards to purchase 281,875 common shares ranging in price from $35.85 to $46.42 and awards to purchase 906,294 common shares ranging in price from $25.60 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, 2020 and 2019, 555,362 and 1,175,655 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.