NET INCOME PER SHARE

3 Months Ended

Apr. 30, 2023

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 April 30,
	2023		2022
Net income	$	2,109	$	7,485
Weighted average number of shares outstanding – basic		13,413		14,910
Effect of stock awards (1)		133		82
Weighted average number of shares outstanding – diluted		13,546		14,992
Net income per share
Basic	$	0.16	$	0.50
Diluted	$	0.16	$	0.50

(1) For the three months ended April 30, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 851,834 and 867,334 shares of common stock, respectively.