NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

12 Months Ended

Jan. 31, 2021

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

NOTE 14 – NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO THE STOCKHOLDERS OF ARGAN, INC.

Basic and diluted net income (loss) per share amounts for Fiscal 2021, Fiscal 2020 and Fiscal 2019 are computed as follows (shares in thousands except in note (1) and (2) below the chart):


	2021		2020		2019

Net income (loss) attributable to the stockholders of Argan, Inc.	$	23,851	$	(42,689)	$	52,036

Weighted average number of shares outstanding – basic		15,668		15,621		15,569
Effect of stock awards ⁽¹⁾⁽²⁾		157		—		124
Weighted average number of shares outstanding – diluted		15,825		15,621		15,693

Net income (loss) per share attributable to the stockholders of Argan, Inc.
Basic	$	1.52	$	(2.73)	$	3.34
Diluted	$	1.51	$	(2.73)	$	3.32

(1)

The weighted average numbers of shares determined on a dilutive basis for Fiscal 2021 and Fiscal 2019 exclude the effects of antidilutive stock options covering 638,001 and 646,500 shares of common stock, respectively, as the options had exercise prices per share in excess of the average market price per share for the applicable year.

(2)	For Fiscal 2020, the weighted average number of shares determined on a dilutive basis excludes any effect of outstanding stock awards which covered 1,303,000 shares of the Company's common stock as of January 31, 2020 as the Company incurred a net loss for the year.