Net Income Per Share

3 Months Ended

Apr. 30, 2021

Net income per common share:

8. Net Income Per Share

8.	Net Income Per Share
	The following table sets forth the computation of basic and diluted net income per share at April 30, 2021 and 2020 as follows (in $000s except per share amounts):

	Three Months Ended April 30,
	2021		2020
Numerator:
Net income	$	4,641	$	8,634
Denominator:
Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 509,242 at April 30, 2021 and 2020		7,989,215		7,972,423
Effect of dilutive securities from restricted stock plan		154,590		72,426
Denominator for diluted net income per share (adjusted weighted average shares)		8,143,805		8,044,849
Basic net income per share	$	0.58	$	1.08
Diluted net income per share	$	0.57	$	1.07