NET INCOME PER SHARE (Tables)

6 Months Ended

Jul. 31, 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 July 31,
	2023		2022
Net income	$	12,767	$	4,222
Weighted average number of shares outstanding – basic		13,403		14,134
Effect of stock awards (1)		139		113
Weighted average number of shares outstanding – diluted		13,542		14,247
Net income per share
Basic	$	0.95	$	0.30
Diluted	$	0.94	$	0.30

(1) For the three months ended July 31, 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 785,167 and 876,734 shares of common stock, respectively.

	Six Months Ended July 31,
	2023		2022
Net income	$	14,876	$	11,707
Weighted average number of shares outstanding – basic		13,408		14,516
Effect of stock awards (1)		136		100
Weighted average number of shares outstanding – diluted		13,544		14,616
Net income per share
Basic	$	1.11	$	0.81
Diluted	$	1.10	$	0.80

(1) For the six months ended July 31, 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 818,501 and 876,734 shares of common stock, respectively.