Years Ended January 31,

(000’s except share information)

2019

2018

Numerator

Net income

$1,459

$440

Denominator

Denominator for basic earnings per share

(weighted-average shares which reflect 362,840 shares in the treasury at January 31, 2019 and 356,441 shares in the treasury at January 31, 2018)

8,111,458

7,638,264

Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options

58,943

53,289

Denominator for diluted earnings per share (adjusted weighted average shares)

8,170,401

7,691,553

Basic earnings per share

$0.18

$0.06

Diluted earnings per share

$0.18

$0.06