XML 25 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income per Common Share
 9 Months Ended
Oct. 31, 2013
Earnings Per Share [Abstract]  
Net Income per Common Share

Note 4 – Net Income per Common Share

Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options, during the period. In addition, all share based payments outstanding that vest based on the achievement of performance conditions, and for which the respective performance conditions have not been achieved, have been excluded from the diluted per share calculation. Approximately 171,511 and 125,962 shares of common stock have been excluded from the diluted net income per share calculation for the three and nine months ended October 31, 2013, respectively. For the nine months ended October 31, 2013 and 2012, 275,089 and 245,393 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.

 

The reconciliation between basic and diluted net income per share is as follows:

Three Months Ended
October 31,		 Nine Months Ended
October 31,
2013 2012 2013 2012
(In thousands, except per share amounts)
Net income $ 59,595 $ 48,291 $ 64,305 $ 48,805
Basic net income per share:
Basic common shares 20,399 20,053 20,290 19,971
Basic net income per share $ 2.92 $ 2.41 $ 3.17 $ 2.44
 
Diluted net income per share:
Basic common shares 20,399 20,053 20,290 19,971
Restricted stock awards and stock options 512 348 528 338
Diluted common shares 20,911 20,401 20,818 20,309
Diluted net income per share $ 2.85 $ 2.37 $ 3.09 $ 2.40