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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Net sales from continuing operations $ 23,243 $ 24,888 $ 65,881 $ 79,172
Cost of goods sold from continuing operations 14,724 15,640 41,999 48,850
Gross profit from continuing operations 8,519 9,248 23,882 30,322
Operating expenses from continuing operations 6,271 6,056 18,886 18,211
Operating profit from continuing operations 2,248 3,192 4,996 12,111
Other income (loss), net from continuing operations (2) (7) 20 9
Interest expense from continuing operations 150 183 522 576
Income before taxes from continuing operations 2,096 3,002 4,494 11,544
Income tax expense from continuing operations 583 882 1,548 3,676
Net income from continuing operations 1,513 2,120 2,946 7,868
Noncash reclassification of Other Comprehensive Income to Statement of Operations (no impact on stockholders’ equity) 0 0 0 (1,286)
Loss from operations from discontinued operations 0 0 0 (1,253)
Loss from disposal of discontinued operations 0 0 0 (515)
Loss before taxes for discontinued operations 0 0 0 (3,054)
Income tax benefit from discontinued operations 0 0 0 (569)
Net loss from discontinued operations 0 0 0 (2,485)
Net income $ 1,513 $ 2,120 $ 2,946 $ 5,383
Net income (loss) per common share - Basic:        
Income from continuing operations $ 0.21 $ 0.29 $ 0.41 $ 1.1
Loss from discontinued operations 0 0 0 (0.35)
Net income 0.21 0.29 0.41 0.75
Net income (loss) per common share - Diluted:        
Income from continuing operations 0.21 0.29 0.4 1.09
Loss from discontinued operations 0 0 0 (0.35)
Net income $ 0.21 $ 0.29 $ 0.4 $ 0.74
Weighted average common shares outstanding:        
Basic 7,258,697 7,234,914 7,255,966 7,148,430
Diluted 7,332,997 7,300,435 7,321,587 7,235,252