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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Revenues:    
Equipment leasing $ 21,008 $ 16,775
Lease pool equipment sales 2,332 335
Seamap equipment sales 10,544 8,349
Other equipment sales 747 1,043
Total revenues 34,631 26,502
Cost of sales:    
Direct costs - equipment leasing 2,705 2,157
Direct costs - lease pool depreciation 8,394 6,090
Cost of lease pool equipment sales 1,404 97
Cost of Seamap and other equipment sales 5,242 4,233
Total cost of sales 17,745 12,577
Gross profit 16,886 13,925
Operating expenses:    
General and administrative 5,319 4,648
Recovery of doubtful accounts (428)  
Depreciation and amortization 329 305
Total operating expenses 5,220 4,953
Operating income 11,666 8,972
Other income (expenses):    
Interest, net (5) (175)
Other, net (598) (336)
Total other income (expenses) (603) (511)
Income before income taxes 11,063 8,461
Provision for income taxes (2,607) (2,368)
Net income $ 8,456 $ 6,093
Net income per common share:    
Basic $ 0.67 $ 0.61
Diluted $ 0.63 $ 0.58
Shares used in computing net income per common share:    
Basic 12,626 9,923
Diluted 13,326 10,470