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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2021
Oct. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)        
Net sales $ 30,032 $ 41,451 $ 91,590 $ 122,054
Cost of goods sold 17,399 19,763 51,853 60,882
Gross profit 12,633 21,688 39,737 61,172
Operating expenses 8,544 9,195 25,483 26,575
Operating profit 4,089 12,493 14,254 34,597
Other income (expense), net (1) 12 (14) 49
Interest expense (2) (4) (7) (23)
Income before taxes 4,086 12,501 14,233 34,623
Income tax expense 1,294 3,237 4,242 7,386
Net income $ 2,792 $ 9,264 $ 9,991 $ 27,237
Net income per common share:        
Basic $ 0.36 $ 1.16 $ 1.26 $ 3.41
Diluted $ 0.35 $ 1.14 $ 1.23 $ 3.36
Weighted average common shares outstanding:        
Basic 7,849,591 7,979,902 7,942,162 7,976,228
Diluted 7,998,965 8,123,848 8,095,025 8,110,435