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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2018 | Jul. 31, 2017
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |  |  |
REVENUES | $ 136,670 | $ 259,803 | $ 278,036 | $ 490,292
Cost of revenues | 105,962 | 208,396 | 231,876 | 398,789
GROSS PROFIT | 30,708 | 51,407 | 46,160 | 91,503
Selling, general and administrative expenses | 10,378 | 10,799 | 20,015 | 20,289
INCOME FROM OPERATIONS | 20,330 | 40,608 | 26,145 | 71,214
Other income, net | 2,928 | 1,311 | 3,692 | 2,529
INCOME BEFORE INCOME TAXES | 23,258 | 41,919 | 29,837 | 73,743
Income tax expense | 6,314 | 14,601 | 8,051 | 25,676
NET INCOME | 16,944 | 27,318 | 21,786 | 48,067
Net (loss) income attributable to non-controlling interests | (28) | 179 | (23) | 303
NET INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. | 16,972 | 27,139 | 21,809 | 47,764
Foreign currency translation adjustments | (693) | 789 | (1,272) | 893
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. | $ 16,279 | $ 27,928 | $ 20,537 | $ 48,657
EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC. |  |  |  |
Basic (in Dollars per share) | $ 1.09 | $ 1.75 | $ 1.40 | $ 3.08
Diluted (in Dollars per share) | $ 1.08 | $ 1.72 | $ 1.39 | $ 3.03
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |  |  |  |
Basic (in shares) | 15,568 | 15,514 | 15,568 | 15,491
Diluted (in shares) | 15,673 | 15,787 | 15,673 | 15,788
CASH DIVIDENDS PER SHARE (Note 11) | $ 0.25 |  | $ 0.50 |

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