NET INCOME PER SHARE

6 Months Ended

Jul. 31, 2022

NET INCOME PER SHARE

NET INCOME PER SHARE

NOTE 11 – NET INCOME PER SHARE

Basic and diluted net income per share amounts are computed as follows (shares in thousands except in the note):

	Three Months Ended July 31,
	2022		2021
Net income	$	4,222	$	12,870
Weighted average number of shares outstanding – basic		14,134		15,769
Effect of stock awards (1)		113		213
Weighted average number of shares outstanding – diluted		14,247		15,982
Net income per share
Basic	$	0.30	$	0.82
Diluted	$	0.30	$	0.81

(1) For the three months ended July 31, 2022 and 2021, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 876,734 and 366,500 shares of common stock, respectively.

	Six Months Ended July 31,
	2022		2021
Net income	$	11,707	$	23,636
Weighted average number of shares outstanding – basic		14,516		15,748
Effect of stock awards (1)		100		230
Weighted average number of shares outstanding – diluted		14,616		15,978
Net income per share
Basic	$	0.81	$	1.50
Diluted	$	0.80	$	1.48

(1) For the six months ended July 31, 2022 and 2021, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 876,734 and 366,500 shares of common stock, respectively.