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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2016
Jul. 31, 2015
Net sales $ 22,859 $ 25,147 $ 45,928 $ 45,424
Cost of sales 19,879 22,021 40,956 39,943
Gross profit 2,980 3,126 4,972 5,481
Operating expenses        
General and administrative expenses 3,370 4,227 8,463 8,933
Selling expenses 1,450 1,429 2,854 2,648
Total operating expenses 4,820 5,656 11,317 11,581
Loss from operations (1,840) (2,530) (6,345) (6,100)
(Loss) income from joint venture 0 (49) 0 116
Loss on consolidation of joint venture 0 0 (1,620) 0
Interest expense, net 97 162 323 83
Loss from continuing operations before income taxes (1,937) (2,741) (8,288) (6,067)
Income tax benefit (1,077) (473) (1,334) (447)
Loss from continuing operations (860) (2,268) (6,954) (5,620)
Income (loss) from discontinued operations, net of tax 1,309 (123) 1,109 (1,426)
Net income (loss) $ 449 $ (2,391) $ (5,845) $ (7,046)
Weighted average common shares outstanding        
Basic 7,481 7,277 7,416 7,264
Diluted 7,603 7,277 7,416 7,264
Loss per share from continuing operations        
Basic and diluted $ (0.11) $ (0.31) $ (0.94) $ (0.77)
Earnings (loss) per share from discontinued operations        
Basic and diluted 0.17 (0.02) 0.15 (0.20)
Earnings (loss) per share        
Basic and diluted $ 0.06 $ (0.33) $ (0.79) $ (0.97)