Note 6 - Net Income Per Share

9 Months Ended

Jan. 31, 2013

Earnings Per Share [Text Block]

6.  NET INCOME PER SHARE

The following table presents the calculation of basic and diluted income per share (in thousands):

	Three Months Ended January 31,				Nine Months Ended January 31,
	2013		2012		2013		2012
Numerator:
Net income	$	716	$	262	$	968	$	754
Denominator:
Weighted average common shares Outstanding – basic		3,914		3,789		3,895		3,789
Effect of dilutive options outstanding		11		117		9		130
Weighted average common shares outstanding – diluted		3,925		3,906		3,904		3,919

Options to purchase 223,750 and 188,417 shares of common stock as of the three-month periods ended January 31, 2013 and 2012, respectively, were anti-dilutive and therefore were not included in the computation of diluted earnings per share.  For the nine-month periods ended January 31, 2013 and 2012, options to purchase 201,750 and 75,750 shares, respectively, were anti-dilutive and were not included in the computation of diluted earnings per share.