Net Income Per Share

9 Months Ended

Oct. 31, 2021

Net income per common share:

9. Net Income Per Share

9.	Net Income Per Share
	The following table sets forth the computation of basic and diluted net income per share at October 31, 2021 and 2020 as follows (in $000s except per share amounts):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
Numerator:
Net income	$	2,792	$	9,264	$	9,991	$	27,237
Denominator:
Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 780,266 and 509,242 at October 31, 2021 and 2020, respectively		7,849,591		7,979,902		7,942,162		7,976,228
Effect of dilutive securities from restricted stock plan		149,374		143,946		152,863		134,207
Denominator for diluted net income per share (adjusted weighted average shares)		7,998,965		8,123,848		8,095,025		8,110,435
Basic net income per share	$	0.36	$	1.16	$	1.26	$	3.41
Diluted net income per share	$	0.35	$	1.14	$	1.23	$	3.36