XML 28 R13.htm IDEA: XBRL DOCUMENT

NET INCOME PER SHARE FROM CONTINUING OPERATIONS

12 Months Ended

Jan. 31, 2018

7. NET INCOME PER SHARE

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 include the number of shares issuable upon the exercise of restricted stock awards, less the shares that could be purchased under the treasury stock method.

The following table reconciles the basic and diluted net income per share computations for fiscal year 2015 (amounts in thousands, except per-share amounts):

	2015

	Income		Shares		Per Share

Basic net income per share attributable to REX common shareholders	$	31,436		7,297	$	4.31
Effect of restricted stock				10
Diluted net income per share attributable to REX common shareholders	$	31,436		7,307	$	4.30