NET INCOME PER SHARE

3 Months Ended

Apr. 30, 2024

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 12 – NET INCOME PER SHARE

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

	Three Months Ended April 30,
	2024		2023
Net income	$	7,882	$	2,109
Weighted average number of shares outstanding – basic		13,257		13,413
Effect of stock awards (1)		315		133
Weighted average number of shares outstanding – diluted		13,572		13,546
Net income per share
Basic	$	0.59	$	0.16
Diluted	$	0.58	$	0.16

(1) For the three months ended April 30, 2024 and 2023, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options and restricted stock units covering an aggregate of 344,000 and 851,834 shares of common stock, respectively.