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

9 Months Ended

Oct. 31, 2018

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

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

NOTE 13 – EARNINGS PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Basic and diluted earnings per share are computed as follows (shares in thousands except in the footnote below):


	Three Months Ended October 31,
	2018		2017

Net income attributable to the stockholders of Argan, Inc.	$	32,434	$	17,229

Weighted average number of shares outstanding - basic		15,569		15,545
Effect of stock awards (1)		133		248
Weighted average number of shares outstanding - diluted		15,702		15,793
Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	2.08	$	1.11
Diluted	$	2.07	$	1.09


	Nine Months Ended October 31,
	2018		2017

Net income attributable to the stockholders of Argan, Inc.	$	54,243	$	64,993

Weighted average number of shares outstanding - basic		15,568		15,509
Effect of stock awards (1)		117		287
Weighted average number of shares outstanding - diluted		15,685		15,796
Net income per share attributable to the stockholders of Argan, Inc.
Basic	$	3.48	$	4.19
Diluted	$	3.46	$	4.11

(1)

These numbers exclude the effects of antidilutive stock options which covered 581,500 shares for the three and nine months ended October 31, 2018, and 155,000 shares for the three and nine months ended October 31, 2017.