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EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. | 6 Months Ended
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Jul. 31, 2018
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. |
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. | NOTE 14 — EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. The computations of basic and diluted earnings per share for the three and six months ended July 31, 2018 and 2017 are as follows (shares in thousands except in the footnote below):
|  | Three Months Ended July 31, |
|  | 2018 |  | 2017 |
Net income attributable to the stockholders of Argan, Inc. |  | $ | 16,972 |  | $ | 27,139 |
Weighted average number of shares outstanding - basic |  | 15,568 |  | 15,514 |
Effect of stock awards (1) |  | 105 |  | 273 |
Weighted average number of shares outstanding - diluted |  | 15,673 |  | 15,787 |
Net income per share attributable to the stockholders of Argan, Inc. |  |  |  |  |
Basic |  | $ | 1.09 |  | $ | 1.75 |
Diluted |  | $ | 1.08 |  | $ | 1.72 |
|  | Six Months Ended July 31, |
|  | 2018 |  | 2017 |
Net income attributable to the stockholders of Argan, Inc. |  | $ | 21,809 |  | $ | 47,764 |
Weighted average number of shares outstanding - basic |  | 15,568 |  | 15,491 |
Effect of stock awards (1) |  | 105 |  | 297 |
Weighted average number of shares outstanding - diluted |  | 15,673 |  | 15,788 |
Net income per share attributable to the stockholders of Argan, Inc. |  |  |  |  |
Basic |  | $ | 1.40 |  | $ | 3.08 |
Diluted |  | $ | 1.39 |  | $ | 3.03 |
| (1) |  | These numbers exclude the effects of antidilutive stock options which covered approximately 486,500 shares and 260,000 shares for the three months ended July 31, 2018 and 2017, respectively, and approximately 486,500 shares and 155,000 shares for the six months ended July 31, 2018 and 2017, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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