XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 3 - Computation of Net Income (Loss) Per Share
 9 Months Ended
Oct. 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
    
Nine Months Ended
  
   
October 31
,
    
October 31
,
  
   
2018
    
2017
    
2018
    
2017
  
   
(in thousands, except per share data)
    
(in thousands, except per share data)
  
Net income (loss)
   $
2,982
     $
(161
)
   $
5,492
     $
(3,893
)
Less: Dividends declared
    
(1,374
)
    
(1,345
)
    
(4,105
)
    
(4,021
)
Undistributed net income (loss)
   $
1,608
     $
(1,506
)
   $
1,387
     $
(7,914
)
                                 
Net income (loss) per share – Class A Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
1,178
     $
1,152
     $
3,518
     $
3,442
  
Allocation of undistributed net income (loss)
    
1,379
      
(1,291
)
    
1,189
      
(6,774
)
Net income (loss) attributable to Class A common stock
   $
2,557
     $
(139
)
   $
4,707
     $
(3,332
)
                                 
Weighted average shares of Class A common stock outstanding—
basic
    
16,358
      
16,011
      
16,235
      
15,913
  
Weighted average potential shares of Class A common stock
    
1,590
      
—
      
1,676
      
—
  
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
    
17,948
      
16,011
      
17,911
      
15,913
  
                                 
Basic net income (loss) per Class A common share
   $
0.16
     $
(0.01
)
   $
0.29
     $
(0.21
)
Diluted net income (loss) per Class A common share
   $
0.14
     $
(0.01
)
   $
0.26
     $
(0.21
)
                                 
Net income (loss) per share – Class B Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
196
     $
193
     $
587
     $
579
  
Allocation of undistributed net income (loss)
    
229
      
(215
)
    
198
      
(1,140
)
                                 
Net income (loss) attributable to Class B common stock
   $
425
     $
(22
)
   $
785
     $
(561
)
                                 
Weighted average shares of Class B common stock outstanding—
basic
    
3,264
      
3,214
      
3,253
      
3,212
  
Weighted average potential shares of Class B common stock
    
169
      
—
      
176
      
—
  
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
    
3,433
      
3,214
      
3,429
      
3,212
  
                                 
Basic net income (loss) per Class B common share
   $
0.13
     $
(0.01
)
   $
0.24
     $
(0.17
)
Diluted net income (loss) per Class B common share
   $
0.12
     $
(0.01
)
   $
0.23
     $
(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
    
Nine Months Ended
  
   
October 31,
    
October 31,
  
   
2018
    
2017
    
2018
    
2017
  
   
(in thousands)
    
(in thousands)
  
Class A
    
241
      
3,366
      
285
      
3,209
  
Class B
    
—
      
378
      
—
      
384