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NET INCOME PER SHARE | 12 Months Ended
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Jan. 31, 2024
NET INCOME PER SHARE |
NET INCOME PER SHARE | NOTE 13 – NET INCOME PER SHARE Basic and diluted net income per share attributable to the stockholders of Argan, Inc. for Fiscal 2024, Fiscal 2023 and Fiscal 2022 are computed as follows (shares in thousands except in note (1) below the chart): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 |  | 2023 |  | 2022
Net income | ​ | $ | 32,358 | ​ | $ | 33,098 | ​ | $ | 38,244
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of shares outstanding – basic | ​ | ​ | 13,365 | ​ | ​ | 14,083 | ​ | ​ | 15,715
Effect of stock awards (1) | ​ | ​ | 183 | ​ | ​ | 93 | ​ | ​ | 198
Weighted average number of shares outstanding – diluted | ​ | ​ | 13,548 | ​ | ​ | 14,176 | ​ | ​ | 15,913
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income per share attributable to the stockholders of Argan, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | 2.42 | ​ | $ | 2.35 | ​ | $ | 2.43
Diluted | ​ | $ | 2.39 | ​ | $ | 2.33 | ​ | $ | 2.40
(1) | For Fiscal 2024, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options and restricted stock units covering an aggregate of 685,334, 978,834 and 570,167 shares of common stock, respectively. The options had exercise prices per share in excess of the average market price per share for the applicable year.

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