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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Net sales $ 25,302 $ 46,950 $ 71,230 $ 92,374
Cost of sales 21,605 32,635 62,561 72,578
Gross profit 3,697 14,315 8,669 19,796
Operating expenses        
General and administrative expenses 3,352 5,491 11,815 14,424
Selling expenses 1,382 1,303 4,236 3,951
Total operating expenses 4,734 6,794 16,051 18,375
(Loss) income from operations (1,037) 7,521 (7,382) 1,421
Income from joint venture 0 408 0 524
Loss on consolidation of joint venture 0 0 (1,620) 0
Interest expense, net 112 127 435 210
(Loss) income from continuing operations before income taxes (1,149) 7,802 (9,437) 1,735
Income tax expense 2,411 1,344 1,077 897
(Loss) income from continuing operations (3,560) 6,458 (10,514) 838
(Loss) income from discontinued operations, net of tax (203) (344) 906 (1,770)
Net (loss) income $ (3,763) $ 6,114 $ (9,608) $ (932)
Weighted average common shares outstanding        
Basic 7,541 7,290 7,457 7,273
Diluted 7,541 7,367 7,457 7,273
(Loss) earnings per share from continuing operations        
Basic $ (0.47) $ 0.89 $ (1.41) $ 0.12
Diluted (0.47) 0.88 (1.41) 0.12
(Loss) earnings per share from discontinued operations        
Basic and diluted (0.03) (0.05) 0.12 (0.24)
(Loss) earnings per share        
Basic (0.50) 0.84 (1.29) (0.13)
Diluted $ (0.50) $ 0.83 $ (1.29) $ (0.13)