EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. (Tables)

6 Months Ended

Jul. 31, 2017

EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Schedule of computations of basic and diluted earnings per share

Reconciliations of the number of weighted average basic shares outstanding to the number of weighted average diluted shares outstanding and the computations of basic and diluted earnings per share for the three and six months ended July 31, 2017 and 2016 are as follows (shares in thousands):

	Three Months Ended July 31,
	2017		2016

Net income attributable to the stockholders of Argan, Inc.	$	27,139	$	19,674


Weighted average number of shares outstanding - basic	15,514		14,939
Effect of stock options (1)	273		339

Weighted average number of shares outstanding - diluted	15,787		15,278

Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	1.75	$	1.32

Diluted	$	1.72	$	1.29


	Six Months Ended July 31,

	2017		2016


Net income attributable to the stockholders of Argan, Inc.	$	47,764	$	31,904


Weighted average number of shares outstanding - basic	15,491		14,899
Effect of stock options (1)	297		332

Weighted average number of shares outstanding - diluted	15,788		15,231

Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	3.08	$	2.14

Diluted	$	3.03	$	2.09

Antidilutive shares excluded from the diluted computations were 260,000 and 155,000 for the three and six months ended July 31, 2017, respectively. The comparable numbers for the prior year were not material.