Earnings Per Share

9 Months Ended

Oct. 31, 2018

Net income per common share:

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share at October 31, 2018 and 2017 as follows:

	Three Months Ended October 31,				Nine Months Ended October 31,
	(in $000s except share and per share information)
	2018		2017		2018		2017
Numerator:
Net income	$	501	$	1,806	$	3,386	$	5,358
Denominator:
Denominator for basic earnings per share (weighted-average shares which reflect 356,441 shares in the treasury)		8,119,448		7,894,582		8,117,307		7,477,202
Effect of dilutive securities from restricted stock plan and from dilutive effect of warrants		66,682		27,815		57,253		53,435
Denominator for diluted earnings per share (adjusted weighted average shares)		8,186,130		7,922,397		8,174,560		7,530,637
Basic earnings per share	$	0.06	$	0.23	$	0.42	$	0.72
Diluted earnings per share	$	0.06	$	0.23	$	0.41	$	0.71