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QUARTERLY FINANCIAL INFORMATION (unaudited) (Tables) | 12 Months Ended
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Jan. 31, 2020
QUARTERLY FINANCIAL INFORMATION (unaudited) |
Schedule of quarterly financial information |
2020 |  | April 30(3) |  | July 31(3) |  | October 31 |  | January 31(3) |  | Full Year |
Revenues |  | $ | 49,544 |  | $ | 63,059 |  | $ | 58,406 |  | $ | 67,988 |  | $ | 238,997 |
Gross (loss) profit |  |  | (21,026) |  |  | 2,965 |  |  | 5,992 |  |  | 5,249 |  |  | (6,820) |
Loss from operations |  |  | (32,686) |  |  | (7,073) |  |  | (6,143) |  |  | (9,938) |  |  | (55,840) |
Net (loss) income (1) |  |  | (29,800) |  |  | 1,154 |  |  | (6,855) |  |  | (7,188) |  |  | (42,689) |
(Loss) income per share (1,2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (1.91) |  | $ | 0.07 |  | $ | (0.44) |  | $ | (0.46) |  | $ | (2.73) |
Diluted |  | $ | (1.91) |  | $ | 0.07 |  | $ | (0.44) |  | $ | (0.46) |  | $ | (2.73) |
2019 |  | April 30 |  | July 31 |  | October 31(4) |  | January 31 |  | Full Year |
Revenues |  | $ | 141,366 |  | $ | 136,670 |  | $ | 116,459 |  | $ | 87,658 |  | $ | 482,153 |
Gross profit |  |  | 15,452 |  |  | 30,708 |  |  | 29,532 |  |  | 6,746 |  |  | 82,438 |
Income (loss) from operations |  |  | 5,815 |  |  | 20,330 |  |  | 18,385 |  |  | (4,293) |  |  | 40,237 |
Net income (loss) (1) |  |  | 4,837 |  |  | 16,972 |  |  | 32,434 |  |  | (2,207) |  |  | 52,036 |
Income (loss) per share(1,2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  | $ | 1.09 |  | $ | 2.08 |  | $ | (0.14) |  | $ | 3.34 |
Diluted |  | $ | 0.31 |  | $ | 1.08 |  | $ | 2.07 |  | $ | (0.14) |  | $ | 3.32 |
| (1) |  | The net (loss) income and (loss) income per share amounts are attributable to the stockholders of Argan, Inc.
| (2) |  | (Loss) income per share amounts for the quarter periods may not cross-foot to the corresponding full-year amounts as the amounts for each quarter are calculated independently of the calculations for the full-year amounts.
| (3) |  | The losses for the quarterly periods ended April 30, 2019, July 31, 2019 and January 31, 2020 were caused by the recognition of losses on the TeesREP project by APC in the amounts of $27.6 million, $3.4 million and $2.6 million, respectively.
| (4) |  | The net income reported by the Company for the quarterly period ended October 31, 2018 reflected a favorable adjustment recorded to recognize research and development tax credits in the amount of $16.5 million (see Note 13).

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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