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Note 3 - Computation of Net Income (Loss) Per Share
 6 Months Ended
Jul. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
3
.
COMPUTATION OF NET INCOME
(LOSS)
PER SHARE
 
The following table sets forth the computation of basic and diluted net income (loss) per share:
 
   
Three Months Ended
    
Six Months Ended
  
   
July 31,
    
July 31,
  
   
201
8
    
201
7
    
201
8
    
201
7
  
   
(in thousands, except per share data)
    
(in thousands, except per share data)
  
Net income (loss)
   $
1,113
     $
(1,161
)
   $
2,510
     $
(3,732
)
Less: Dividends declared
    
(1,372
)
    
(1,344
)
    
(2,731
)
    
(2,675
)
Undistributed net loss
   $
(259
)
   $
(2,505
)
   $
(221
)
   $
(6,407
)
                                 
Net
income
(loss) per share – Class A Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
1,176
     $
1,151
     $
2,340
     $
2,290
  
Allocation of undistributed net loss
    
(222
)
    
(2,145
)
    
(190
)
    
(5,483
)
Net income (loss) attributable to Class A common stock
   $
954
     $
(994
)
   $
2,150
     $
(3,193
)
                                 
Weighted average shares of Class A common stock outstanding—
basic
    
16,266
      
15,914
      
16,173
      
15,863
  
Weighted average potential shares of Class A common stock
    
1,661
      
—
      
1,713
      
—
  
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
    
17,927
      
15,914
      
17,886
      
15,863
  
                                 
Basic net income (loss) per Class A common share
   $
0.06
     $
(0.06
)
   $
0.13
     $
(0.20
)
Diluted net income (loss) per Class A common share
   $
0.05
     $
(0.06
)
   $
0.12
     $
(0.20
)
                                 
Net
income
(loss) per share – Class B Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
196
     $
193
     $
391
     $
385
  
Allocation of undistributed net loss
    
(37
)
    
(360
)
    
(31
)
    
(924
)
                                 
Net income (loss) attributable to Class B common stock
   $
159
     $
(167
)
   $
360
     $
(539
)
                                 
Weighted average shares of Class B common stock outstanding—
basic
    
3,263
      
3,212
      
3,248
      
3,211
  
Weighted average potential shares of Class B common stock
    
171
      
—
      
177
      
—
  
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
    
3,434
      
3,212
      
3,425
      
3,211
  
                                 
Basic net income (loss) per Class B common share
   $
0.05
     $
(0.05
)
   $
0.11
     $
(0.17
)
Diluted net income (loss) per Class B common share
   $
0.05
     $
(0.05
)
   $
0.11
     $
(0.17
)
 
Potential common shares consist of the shares issuable upon the release of restricted stock units (“RSUs”) and the exercise of stock options and stock appreciation rights (“SARs”). The Company’s unvested RSUs and unexercised SARs are
not
considered participating securities as they do
not
have rights to dividends or dividend equivalents prior to release or exercise.
 
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
    
Six Months Ended
  
   
July 31,
    
July 31,
  
   
201
8
    
201
7
    
201
8
    
201
7
  
   
(in thousands)
    
(in thousands)
  
Class A
    
351
      
3,219
      
179
      
3,129
  
Class B
    
—
      
384
      
—
      
387