Net Income Per Common Share

12 Months Ended

Jan. 31, 2024

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,
	2024		2023		2022
Basic weighted-average common shares outstanding		92,697,751		93,199,874		98,022,583
Effect of dilutive options, stock appreciation rights, restricted stock units and performance stock units		1,630,034		944,188		1,246,122
Diluted weighted-average shares outstanding		94,327,785		94,144,062		99,268,705

For the fiscal years ended January 31, 2024, 2023 and 2022, awards to purchase 60,000 common shares ranging in price from $28.47 to $46.42, awards to purchase 182,500 common shares ranging in price from $23.74 to $46.42 and awards to purchase 165,000 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, 2024 and 2023, 272,554 and 167,500 contingently issuable awards, respectively, were excluded from the calculation of diluted net income per common share as they did not meet certain performance criteria.