NET INCOME PER SHARE (Tables)

6 Months Ended

Jul. 31, 2024

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 notes):

	Three Months Ended July 31,
	2024		2023
Net income	$	18,198	$	12,767
Weighted average number of shares outstanding – basic		13,403		13,403
Effect of stock awards (1)		477		139
Weighted average number of shares outstanding – diluted		13,880		13,542
Net income per share
Basic	$	1.36	$	0.95
Diluted	$	1.31	$	0.94

(1) For the three months ended July 31, 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 74,500 and 785,167 shares of common stock, respectively.

	Six Months Ended July 31,
	2024		2023
Net income	$	26,080	$	14,876
Weighted average number of shares outstanding – basic		13,331		13,408
Effect of stock awards (1)		396		136
Weighted average number of shares outstanding – diluted		13,727		13,544
Net income per share
Basic	$	1.96	$	1.11
Diluted	$	1.90	$	1.10

(1) For the six months ended July 31, 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 209,250 and 818,501 shares of common stock, respectively.