Three Months Ended

July 31,

Six Months Ended

July 31,

2023

2022

2023

2022

Numerator:

Net income (loss)

$

2,465

$

(870

)

$

3,785

$

259

Denominator:

Denominator for basic net income (loss) per share (weighted-average shares which exclude shares in the treasury, 1,358,208 and 1,135,855 at July 31, 2023 and 2022, respectively

7,409,305

7,670,636

7,340,914

7,656,470

Effect of dilutive securities from restricted stock plan

182,481

—

182,481

184,811

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

7,591,786

7,670,636

7,523,395

7,841,281

Basic net income (loss) per share

$

0.33

$

(0.11

)

$

0.52

$

0.03

Diluted net income (loss) per share

$

0.32

$

(0.11

)

$

0.50

$

0.03