Earnings Per Share

3 Months Ended

Apr. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9. Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share at April 30, 2017 and 2016, as follows:

 

	Three Months Ended
	April 30, (in $000s except share information)
	2017		2016
Numerator:
Net income	$	1,711	$	3
Denominator:
Denominator for basic earnings per share (weighted-average shares which reflect 356,441 shares in the treasury)		7,263,774		7,254,162
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		89,886		70,421
Denominator for diluted earnings per share (adjusted weighted average shares)		7,353,660		7,324,583
Basic earnings per share	$	0.24	$	0.00
Diluted earnings per share	$	0.23	$	0.00