Three Months Ended

July 31,

Six Months Ended

July 31,

(in $000s except share and per share information)

2020

2019

2020

2019

Numerator:

Net income

$

9,339

$

1,395

$

17,973

$

930

Denominator:

Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 509,242 at July 31, 2020 and 471.289 for July 31, 2019

7,976,275

8,012,475

7,974,370

8,013,150

Effect of dilutive securities from restricted stock plan

103,469

89,867

87,948

83,077

Denominator for diluted net income per share (adjusted weighted average shares)

8,079,744

8,102,342

8,062,318

8,096,227

Basic net income per share

$

1.17

$

0.17

$

2.25

$

0.12

Diluted net income per share

$

1.16

$

0.17

$

2.23

$

0.11