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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2016
Jul. 31, 2015
Net sales from continuing operations $ 22,269 $ 29,465 $ 42,638 $ 54,284
Cost of goods sold from continuing operations 13,679 17,670 27,272 33,211
Gross profit from continuing operations 8,590 11,795 15,366 21,073
Operating expenses from continuing operations 5,959 6,095 12,566 12,154
Operating profit from continuing operations 2,631 5,700 2,800 8,919
Other income (loss), net from continuing operations (35) 0 (27) 16
Interest expense from continuing operations 175 210 373 393
Income before taxes from continuing operations 2,421 5,490 2,400 8,542
Income tax expense from continuing operations 990 1,902 966 2,794
Net income from continuing operations 1,431 3,588 1,434 5,748
Non-cash reclassification of Other Comprehensive Income to Statement of Operations (no impact on stockholders’ equity) 0 (1,286) 0 (1,286)
Loss from operations from discontinued operations 0 (322) 0 (1,253)
Loss from disposal of discontinued operations 0 (515) 0 (515)
Loss before taxes for discontinued operations 0 (2,123) 0 (3,054)
Income tax benefit from discontinued operations 0 (569) 0 (569)
Net loss from discontinued operations 0 (1,554) 0 (2,485)
Net income $ 1,431 $ 2,034 $ 1,434 $ 3,263
Net income (loss) per common share - Basic:        
Income from continuing operations $ 0.2 $ 0.5 $ 0.2 $ 0.81
Loss from discontinued operations 0 (0.22) 0 (0.35)
Net income 0.2 0.28 0.2 0.46
Net income (loss) per common share - Diluted:        
Income from continuing operations 0.2 0.5 0.2 0.80
Loss from discontinued operations 0 (0.22) 0 (0.35)
Net income $ 0.2 $ 0.28 $ 0.2 $ 0.45
Weighted average common shares outstanding:        
Basic 7,254,999 7,145,418 7,254,585 7,104,471
Diluted 7,311,166 7,167,123 7,315,867 7,191,469