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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2015
Oct. 31, 2014
[1]
Oct. 31, 2015
Oct. 31, 2014
[1]
Net sales from continuing operations $ 24,888 $ 23,543 $ 79,172 $ 68,114
Cost of goods sold from continuing operations 15,640 15,320 48,850 45,949
Gross profit from continuing operations 9,248 8,223 30,322 22,165
Operating expenses from continuing operations 6,056 6,940 18,211 18,226
Operating profit from continuing operations 3,192 1,283 12,111 3,939
Other income (loss), from continuing operations (7) (2,245) 9 (2,282)
Interest expense from continuing operations 183 511 576 1,515
Income (loss) before taxes from continuing operations 3,002 (1,473) 11,544 142
Income tax expense from continuing operations 882 282 3,676 981
Net income (loss) from continuing operations 2,120 (1,755) 7,868 (839)
Non-cash reclassification of Other Comprehensive Income to Statement of Operations (no impact on stockholder’s equity) 0 0 (1,286) 0
Loss from operations from discontinued operations 0 (745) (1,253) (2,047)
Loss from disposal of discontinued operations 0 0 (515) 0
Loss before taxes for discontinued operations 0 (745) (3,054) (2,047)
Income tax benefit from discontinued operations 0 0 (569) 0
Net loss from discontinued operations 0 (745) (2,485) (2,047)
Net income (loss) $ 2,120 $ (2,500) $ 5,383 $ (2,886)
Net income (loss) per common share - Basic:        
Income (loss) from continuing operations (in dollars per share) $ 0.29 $ (0.29) $ 1.1 $ (0.14)
Loss from discontinued operations (in dollars per share) 0 (0.13) (0.35) (0.35)
Net income (loss) (in dollars per share) 0.29 (0.42) 0.75 (0.49)
Net income (loss) per common share - Diluted:        
Income (loss) from continuing operations (in dollars per share) 0.29 (0.29) 1.08 (0.14)
Loss from discontinued operations (in dollars per share) 0 (0.13) (0.34) (0.35)
Net income (loss) (in dollars per share) $ 0.29 $ (0.42) $ 0.74 $ (0.49)
Weighted average common shares outstanding:        
Basic (in shares) 7,234,914 5,951,613 7,148,430 5,933,229
Diluted (in shares) 7,300,435 5,951,613 7,235,252 5,933,229
[1] Restated for discontinued operations.