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Note 3 - Computation of Net Income (Loss) Per Share
9 Months Ended
Oct. 31, 2019
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,
 
   
2019
   
2018
   
2019
   
2018
 
   
(in thousands, except
per share data)
   
(in thousands, except
per share data)
 
Net income (loss)
  $
125
    $
2,982
    $
(16,359
)
  $
5,492
 
Less: Dividends declared
   
(1,426
)
   
(1,374
)
   
(4,187
)
   
(4,105
)
Undistributed net (loss) income
  $
(1,301
)
  $
1,608
    $
(20,546
)
  $
1,387
 
                                 
Net income (loss) per share – Class A Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
  $
1,226
    $
1,178
    $
3,596
    $
3,518
 
Allocation of undistributed net (loss) income
   
(1,119
)
   
1,379
     
(17,641
)
   
1,189
 
Net income (loss) attributable to Class A common stock
  $
107
    $
2,557
    $
(14,045
)
  $
4,707
 
                                 
Weighted average shares of Class A common stock outstanding—
basic
   
16,918
     
16,358
     
16,586
     
16,235
 
Weighted average potential shares of Class A common stock
   
877
     
1,590
     
     
1,676
 
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
   
17,795
     
17,948
     
16,586
     
17,911
 
                                 
Basic net income (loss) per Class A common share
  $
0.01
    $
0.16
    $
(0.85
)
  $
0.29
 
Diluted net income (loss) per Class A common share
  $
0.01
    $
0.14
    $
(0.85
)
  $
0.26
 
                                 
Net income (loss) per share – Class B Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
  $
200
    $
196
    $
591
    $
587
 
Allocation of undistributed net (loss) income
   
(182
)
   
229
     
(2,905
)
   
198
 
Net income (loss) attributable to Class B common stock
  $
18
    $
425
    $
(2,314
)
  $
785
 
                                 
Weighted average shares of Class B common stock outstanding—
basic
   
3,308
     
3,264
     
3,279
     
3,253
 
Weighted average potential shares of Class B common stock
   
90
     
169
     
     
176
 
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
   
3,398
     
3,433
     
3,279
     
3,429
 
                                 
Basic net income (loss) per Class B common share
  $
0.01
    $
0.13
    $
(0.71
)
  $
0.24
 
Diluted net income (loss) per Class B common share
  $
0.01
    $
0.12
    $
(0.71
)
  $
0.23
 
 
Potential common shares consist of the shares issuable upon the release of restricted stock units (“RSUs”) and performance-based stock units (“PSUs”) and the exercise of stock appreciation rights (“SARs”). The Company’s unvested RSUs and PSUs, 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,
 
   
2019
   
2018
   
2019
   
2018
 
   
(in thousands)
   
(in thousands)
 
Class A
   
368
     
241
     
2,695
     
285
 
Class B
   
     
     
244