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NET INCOME PER SHARE FROM CONTINUING OPERATIONS
 12 Months Ended
Jan. 31, 2012
Earnings Per Share [Text Block]

 

 

7.

NET INCOME PER SHARE FROM CONTINUING OPERATIONS

 

 

 

The Company reports net income per share in accordance with ASC 260, “Earnings per Share”. Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the year. Diluted net income per share is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding and dilutive common share equivalents during the year. Common share equivalents for each year include the number of shares issuable upon the exercise of outstanding options, less the shares that could be purchased under the treasury stock method. The following table reconciles the basic and diluted net income per share from continuing operations computations for each year presented for fiscal years 2011, 2010 and 2009 (amounts in thousands, except per-share amounts):


 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income

 

Shares

 

Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share from continuing operations attributable to REX common shareholders

 

$

26,495

 

 

9,117

 

$

2.90

 

Effect of stock options

 

 

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share from continuing operations attributable to REX common shareholders

 

$

26,495

 

 

9,187

 

$

2.88

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income

 

Shares

 

Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share from continuing operations attributable to REX common shareholders

 

$

3,386

 

 

9,651

 

$

0.35

 

Effect of stock options

 

 

 

 

 

174

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share from continuing operations attributable to REX common shareholders

 

$

3,386

 

 

9,825

 

$

0.34

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income

 

Shares

 

Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share from continuing operations attributable to REX common shareholders

 

$

6,156

 

 

9,254

 

$

0.66

 

Effect of stock options

 

 

 

 

 

297

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share from continuing operations attributable to REX common shareholders

 

$

6,156

 

 

9,551

 

$

0.65

 

 

 

 

 

 


 

 

 

For fiscal year 2009, a total of 310,723 shares subject to outstanding options were not included in the common equivalent shares outstanding calculation as the effect from these shares is antidilutive. For fiscal years 2011 and 2010 all shares subject to outstanding options were dilutive.