Note 9 - Net Income (Loss) Per Share

12 Months Ended

Jan. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Net Income (Loss) Per Share

We calculate basic income (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted income (loss) per share reflects the effects of potentially dilutive securities. Because we incurred net loss for the fiscal year ended

January

31,

2016,

basic and diluted loss per share were the same because the inclusion of

647,000,

as of

January

31,

2016,

potential common shares related to outstanding stock awards in the calculation would have been antidilutive. For the fiscal year ended

January

31,

2017,

3,119,000

of potential common shares related to outstanding stock award were not included in the calculation as its inclusion would be antidilutive. The summary of the basic and diluted earnings per share computations is as follows (in thousands, except per share data):

	Years Ended
	2017		2016
Net income (income)	$	845	$	(1,346	)
Basic net income (loss) per share:
Weighted-average shares outstanding-Basic		14,615		14,652
Basic net income (loss) per share	$	0.06	$	(0.09	)
Diluted net income (loss) per share:
Weighted average shares outstanding - basic		14,615		14,652
Effect of potentially dilutive securities		2		-
Weighted average shares outstanding - diluted		14,617		14,652
Diluted net income (loss) per share	$	0.06	$	(0.09	)