NET INCOME PER SHARE (Tables)

3 Months Ended

Apr. 30, 2023

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 April 30,
	2023		2022
Net income	$	2,109	$	7,485
Weighted average number of shares outstanding – basic		13,413		14,910
Effect of stock awards (1)		133		82
Weighted average number of shares outstanding – diluted		13,546		14,992
Net income per share
Basic	$	0.16	$	0.50
Diluted	$	0.16	$	0.50

(1) For the three months ended April 30, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options covering an aggregate of 851,834 and 867,334 shares of common stock, respectively.