Net Income per Common Share

6 Months Ended

Jul. 31, 2011

Net Income per Common Share [Abstract]

Net Income per Common Share

Note 3 — Net Income per Common Share

Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of stock options, stock purchase warrants and unvested restricted stock awards outstanding during the period. For the six months ended July 31, 2011 and 2010, 199,240 and 347,568 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.

A reconciliation between basic and diluted net income per share is as follows:

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2011		2010		2011		2010
	(In thousands, except per share amounts)
Net income	$	1,565	$	2,999	$	1,045	$	1,627
Basic net income per share:
Basic common shares		19,848		19,126		19,784		19,016
Basic net income per share	$	0.08	$	0.16	$	0.05	$	0.09
Diluted net income per share:
Basic common shares		19,848		19,126		19,784		19,016
Stock options, warrants and restricted stock awards		405		526		437		524
Diluted common shares		20,253		19,652		20,221		19,540
Diluted net income per share	$	0.08	$	0.15	$	0.05	$	0.08