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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Net sales $ 36,667 $ 32,325 $ 60,943 $ 61,214
Cost of sales 27,014 26,432 46,568 51,096
Gross profit 9,653 5,893 14,375 10,118
Operating expenses        
General and administrative expenses 4,573 3,924 9,015 7,906
Selling expenses 1,416 1,321 2,676 2,463
Total operating expenses 5,989 5,245 11,691 10,369
Income/(loss) from operations 3,664 648 2,684 (251)
Interest expense, net 209 284 419 550
Income/(loss) from operations before income taxes 3,455 364 2,265 (801)
Income tax (benefit)/expense (265) 639 47 591
Net income/(loss) $ 3,720 $ (275) $ 2,218 $ (1,392)
Weighted average common shares outstanding        
Basic (in shares) 7,987 7,820 7,937 7,769
Diluted (in shares) 8,075 7,820 8,024 7,769
Income/(loss) per share        
Basic (in dollars per share) $ 0.47 $ (0.04) $ 0.28 $ (0.18)
Diluted (in dollars per share) $ 0.46 $ (0.04) $ 0.28 $ (0.18)