Earnings Per Share

3 Months Ended

Apr. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Earnings Per Share

Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation takes into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period.

The following table sets forth the computation of basic and diluted earnings (loss) per share at April 30, 2012 and 2011.

	Three Months Ended
	April 30,
	2012			2011
Numerator
Net income (loss) from continuing operations	$	(10,121,466	)	$	1,320,550
Denominator
Denominator for basic earnings per share
(weighted-average shares which reflect 356,441 and 352,194 shares in the treasury as a result of the stock repurchase program for the three months 2012 and 2011, respectively		5,225,478			5,222,639
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		—			111,526
Denominator for diluted earnings (loss) per share (adjusted weighted average shares)		5,225,478			5,334,165
Basic earnings (loss) per share from continuing operations	$	(1.94	)	$	0.25
Diluted earnings (loss) per share from continuing operations	$	(1.94	)	$	0.24