Years Ended January 31,

(000’s except share information)

2023

2022

Numerator – Net Income

$

1,873

$

11,372

Denominator for basic net income per share (weighted-average shares which reflect 1,330,694 and 939,705 treasury shares at January 31, 2023 and 2022, respectively)

7,562,187

7,900,131

Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options

175,776

153,745

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

7,737,963

8,053,876

Basic net income per share

$

0.25

$

1.44

Diluted net income per share

$

0.24

$

1.41