NET INCOME PER SHARE

6 Months Ended

Jul. 31, 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 July 31,
	2023		2022
Net income	$	12,767	$	4,222
Weighted average number of shares outstanding – basic		13,403		14,134
Effect of stock awards (1)		139		113
Weighted average number of shares outstanding – diluted		13,542		14,247
Net income per share
Basic	$	0.95	$	0.30
Diluted	$	0.94	$	0.30

(1) For the three months ended July 31, 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 785,167 and 876,734 shares of common stock, respectively.

	Six Months Ended July 31,
	2023		2022
Net income	$	14,876	$	11,707
Weighted average number of shares outstanding – basic		13,408		14,516
Effect of stock awards (1)		136		100
Weighted average number of shares outstanding – diluted		13,544		14,616
Net income per share
Basic	$	1.11	$	0.81
Diluted	$	1.10	$	0.80

(1) For the six months ended July 31, 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 818,501 and 876,734 shares of common stock, respectively.