NET INCOME PER SHARE (Tables)

6 Months Ended

Jul. 31, 2022

NET INCOME PER SHARE

Schedule of computations of basic and diluted 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.