Three Months Ended

October 31,

Nine Months Ended

October 31,

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

2020

2019

2020

2019

Numerator:

Net income

$

9,264

$

1,146

$

27,237

$

2,076

Denominator:

Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 509,242 at October 31, 2020 and 471,289 for October 31, 2019

7,979,902

8,004,640

7,976,228

8,013,383

Effect of dilutive securities from restricted stock plan

143,946

31,289

134,207

30,776

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

8,123,848

8,035,929

8,110,435

8,044,159

Basic net income per share

$

1.16

$

0.14

$

3.41

$

0.26

Diluted net income per share

$

1.14

$

0.14

$

3.36

$

0.26