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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.
 12 Months Ended
Jan. 31, 2018
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.  
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

 

NOTE 15 — EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

 

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 years ended January 31, 2018, 2017 and 2016 are as follows (shares in thousands except in footnote 1 below):

 

 

 

2018

 

2017

 

2016

 

 

 

 

 

 

 

 

 

Net income attributable to the stockholders of Argan, Inc.

 

$
72,011

 

$
70,328

 

$
36,345

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding (basic)

 
15,522

 
15,066

 
14,757

 

Effect of stock options (1)

 
258

 
559

 
267

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding (diluted)

 
15,780

 
15,625

 
15,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to the stockholders of Argan, Inc.

 

 

 

 

 

 

 

Basic

 

$
4.64

 

$
4.67

 

$
2.46

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$
4.56

 

$
4.50

 

$
2.42

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The numbers of antidilutive shares excluded from the diluted computations were approximately 260,000, 165,000 and 180,000 for the years ended January 31, 2018, 2017 and 2016, respectively.