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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2011
Oct. 31, 2010
Revenues:        
Equipment leasing $ 17,411 $ 8,074 $ 46,458 $ 24,133
Lease pool equipment sales 2,442 976 3,103 1,498
Seamap equipment sales 6,198 4,249 21,081 17,230
Other equipment sales 1,969 6,674 5,158 8,767
Total revenues 28,020 19,973 75,800 51,628
Cost of sales:        
Direct costs--equipment leasing 2,365 895 6,348 2,485
Direct costs--lease pool depreciation 7,223 5,289 20,016 15,556
Cost of lease pool equipment sales 519 385 723 634
Cost of Seamap and other equipment sales 3,568 7,425 12,230 15,376
Total cost of sales 13,675 13,994 39,317 34,051
Gross profit 14,345 5,979 36,483 17,577
Operating expenses:        
General and administrative 4,961 3,937 15,403 12,286
Provision for doubtful accounts 679   187 797
Depreciation and amortization 304 296 921 871
Total operating expenses 5,944 4,233 16,511 13,954
Operating income 8,401 1,746 19,972 3,623
Other income (expenses):        
Gain from bargain purchase in business combination       1,304
Interest, net (25) (90) (295) (302)
Other, net 680 (553) 8 (618)
Total other income (expenses) 655 (643) (287) 384
Income before income taxes 9,056 1,103 19,685 4,007
Provision for income taxes (2,293) (376) (5,529) (1,032)
Net income $ 6,763 $ 727 $ 14,156 $ 2,975
Net income per common share:        
Basic $ 0.55 $ 0.07 $ 1.28 $ 0.30
Diluted $ 0.52 $ 0.07 $ 1.21 $ 0.29
Shares used in computing net income per common share:        
Basic 12,381 9,916 11,091 9,854
Diluted 12,982 10,203 11,689 10,122