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NET INCOME PER SHARE (Tables)
6 Months Ended
Jul. 31, 2022
NET INCOME PER SHARE  
Schedule of computations of basic and diluted net income per share

Basic and diluted net income per share amounts are computed as follows (shares in thousands except in the note):

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​

​

​

​

​

​

​

​

Three Months Ended July 31, 

​

    

2022

    

2021

​

​

​

​

​

​

​

Net income

​

$

4,222

​

$

12,870

​

​

​

​

​

​

​

Weighted average number of shares outstanding – basic

​

​

14,134

​

​

15,769

Effect of stock awards (1)

​

​

113

​

​

213

Weighted average number of shares outstanding – diluted

​

​

14,247

​

​

15,982

​

​

​

​

​

​

​

Net income per share

​

​

​

​

​

​

Basic

​

$

0.30

​

$

0.82

Diluted

​

$

0.30

​

$

0.81

(1)For the three months ended July 31, 2022 and 2021, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 876,734 and 366,500 shares of common stock, respectively.

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​

​

​

​

​

​

​

​

Six Months Ended July 31, 

​

    

2022

    

2021

​

​

​

​

​

​

​

Net income

​

$

11,707

​

$

23,636

​

​

​

​

​

​

​

Weighted average number of shares outstanding – basic

​

​

14,516

​

​

15,748

Effect of stock awards (1)

​

​

100

​

​

230

Weighted average number of shares outstanding – diluted

​

​

14,616

​

​

15,978

​

​

​

​

​

​

​

Net income per share

​

​

​

​

​

​

Basic

​

$

0.81

​

$

1.50

Diluted

​

$

0.80

​

$

1.48

(1)For the six months ended July 31, 2022 and 2021, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 876,734 and 366,500 shares of common stock, respectively.