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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2021
Apr. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)    
Net sales $ 34,092 $ 45,582
Cost of goods sold 19,706 23,438
Gross profit 14,386 22,144
Operating expenses 8,148 9,774
Operating profit 6,238 12,370
Other income (expense), net (12) 6
Interest expense (1) (17)
Income before taxes 6,225 12,359
Income tax expense 1,584 3,725
Net income $ 4,641 $ 8,634
Net income per common share:    
Basic $ 0.58 $ 1.08
Diluted $ 0.57 $ 1.07
Weighted average common shares outstanding:    
Basic weighted 7,989,215 7,972,423
Diluted weigted 8,143,805 8,044,849