EARNINGS PER SHARE

9 Months Ended

Oct. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 12 – EARNINGS PER SHARE

Potentially dilutive securities include stock options and restricted stock units. Diluted earnings per share includes only securities that are actually dilutive. Basic and diluted earnings per share are computed as follows (shares in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Net income	$	28,010	$	5,464	$	54,090	$	20,340
Weighted average shares outstanding – basic		13,530		13,328		13,398		13,381
Effect of stock awards		504		231		432		168
Weighted average shares outstanding – diluted		14,034		13,559		13,830		13,549

Net income per share
Basic	$	2.07	$	0.41	$	4.04	$	1.52
Diluted	$	2.00	$	0.40	$	3.91	$	1.50
Anti-dilutive securities not included		—		690		140		881