NET INCOME PER SHARE

9 Months Ended

Oct. 31, 2022

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 11 – NET INCOME PER SHARE

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

	Three Months Ended October 31,
	2022		2021
Net income	$	7,758	$	12,393
Weighted average number of shares outstanding – basic		13,781		15,774
Effect of stock awards (1)		31		189
Weighted average number of shares outstanding – diluted		13,812		15,963
Net income per share
Basic	$	0.56	$	0.79
Diluted	$	0.56	$	0.78

(1) For the three months ended October 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 1,016,834 and 579,167 shares of common stock, respectively.

	Nine Months Ended October 31,
	2022		2021
Net income	$	19,465	$	36,029
Weighted average number of shares outstanding – basic		14,268		15,757
Effect of stock awards (1)		82		223
Weighted average number of shares outstanding – diluted		14,350		15,980
Net income per share
Basic	$	1.36	$	2.29
Diluted	$	1.36	$	2.25

(1) For the nine months ended October 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 978,834 and 366,500 shares of common stock, respectively.