Net Income Per Share

6 Months Ended

Jul. 31, 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 July 31, 2021 and 2020 as follows (in $000s except per share amounts):

	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020
Numerator:
Net income	$	2,558	$	9,339	$	7,199	$	17,973
Denominator:
Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 736,696 and 509,242 at July 31, 2021 and 2020, respectively		7,982,995		7,976,275		7,964,058		7,974,370
Effect of dilutive securities from restricted stock plan		158,112		103,469		156,351		87,948
Denominator for diluted net income per share (adjusted weighted average shares)		8,141,107		8,079,744		8,120,409		8,062,318
Basic net income per share	$	0.32	$	1.17	$	0.90	$	2.25
Diluted net income per share	$	0.31	$	1.16	$	0.89	$	2.23