COMPUTATION OF NET INCOME PER SHARE (Tables)

9 Months Ended

Oct. 31, 2015

COMPUTATION OF NET INCOME PER SHARE [Abstract]

Computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share:

	Three Months Ended October 31,						Nine Months Ended October 31,
	2015			2014			2015			2014
	(in thousands, except per share data)						(in thousands, except per share data)
Net income	$	2,586		$	5,090		$	4,766		$	5,999
Less: Dividends declared		(1,313	)		(1,118	)		(3,922	)		(3,334	)
Undistributed net income	$	1,273		$	3,972		$	844		$	2,665
Net income per share – Class A Common Stock
Dividends declared	$	1,121		$	926		$	3,346		$	2,761
Allocation of undistributed net income		1,087			3,292			721			2,210
Net income attributable to Class A common stock	$	2,208		$	4,218		$	4,067		$	4,971
Weighted average shares of Class A common stock outstanding—basic		15,559			12,865			15,431			12,755
Weighted average potential shares of Class A common stock		749			622			777			719
Weighted average shares of Class A common stock and potential common shares outstanding—diluted		16,308			13,487			16,208			13,474
Basic net income per Class A common share	$	0.14		$	0.33		$	0.26		$	0.39
Diluted net income per Class A common share	$	0.14		$	0.31		$	0.25		$	0.37
Net income per share – Class B Common Stock
Dividends declared	$	192		$	192		$	576		$	573
Allocation of undistributed net income		186			680			123			455
Net income attributable to Class B common stock	$	378		$	872		$	699		$	1,028
Weighted average shares of Class B common stock outstanding—basic		3,203			3,189			3,200			3,180
Weighted average potential shares of Class B common stock		83			76			83			90
Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,286			3,265			3,283			3,270
Basic net income per Class B common share	$	0.12		$	0.27		$	0.22		$	0.32
Diluted net income per Class B common share	$	0.12		$	0.27		$	0.21		$	0.31

Number of potential common shares not included in the calculation of diluted net income per share

The following table sets forth the number of potential common shares not included in the calculation of diluted earnings per share because their effects were anti-dilutive:

	Three Months Ended October 31,				Nine Months Ended October 31,
	2015		2014		2015		2014
	(in thousands)				(in thousands)
Class A		640		330		490		277
Class B		120		67		92		38