NET INCOME PER SHARE (Tables)

9 Months Ended

Oct. 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):

	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.