Net Income Per Common Share

12 Months Ended

Jan. 31, 2022

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,
	2022		2021		2020
Basic weighted-average common shares outstanding		98,022,583		97,817,651		99,833,011
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		1,246,122		705,125		755,666
Diluted weighted-average shares outstanding		99,268,705		98,522,776		100,588,677

For the fiscal years ended January 31, 2022, 2021 and 2020, awards to purchase 165,000 common shares ranging in price from $35.85 to $46.42, awards to purchase 467,500 common shares ranging in price from $18.81 to $46.42 and awards to purchase 406,250 common shares ranging in price from $28.47 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, 2022 and 2021, 60,001 and 470,815 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.