Three Months Ended

October 31,

Nine Months Ended

October 31,

2022

2021

2022

2021

Numerator:

Net income

$

1,431

$

2,896

$

1,690

$

10,866

Denominator:

Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 1,330,694 and 780,266 at October 31, 2022 and 2021, respectively

7,514,725

7,849,591

7,600,272

7,942,162

Effect of dilutive securities from restricted stock plan

189,970

149,374

187,390

147,613

Denominator for diluted net income (loss) per share (adjusted weighted average shares)

7,704,695

7,998,965

7,787,662

8,089,775

Basic net income (loss) per share

$

0.19

$

0.37

$

0.22

$

1.37

Diluted net income (loss) per share

$

0.19

$

0.36

$

0.22

$

1.34