Net Income Per Common Share

12 Months Ended

Jan. 31, 2021

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,
	2021		2020		2019
Basic weighted-average common shares outstanding		97,817,651		99,833,011		108,303,594
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		705,125		755,666		1,402,413
Diluted weighted-average shares outstanding		98,522,776		100,588,677		109,706,007

For the fiscal years ended January 31, 2021, 2020 and 2019, awards to purchase 467,500 common shares ranging in price from $18.81 to $46.42, awards to purchase 406,250 common shares ranging in price from $28.47 to $46.42 and awards to purchase 281,875 common shares ranging in price from $35.85 to $46.42, respectively, were excluded from the calculation of diluted net income per common share because the impact would be anti-dilutive.

As of January 31, 2021 and 2020, 470,815 and 555,362 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.