NET INCOME PER SHARE

9 Months Ended

Oct. 31, 2023

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 notes):

	Three Months Ended October 31,
	2023		2022
Net income	$	5,464	$	7,758
Weighted average number of shares outstanding – basic		13,328		13,781
Effect of stock awards (1)		231		31
Weighted average number of shares outstanding – diluted		13,559		13,812
Net income per share
Basic	$	0.41	$	0.56
Diluted	$	0.40	$	0.56

(1) For the three months ended October 31, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options and restricted stock units covering an aggregate of 690,167 and 1,146,834 shares of common stock, respectively.

	Nine Months Ended October 31,
	2023		2022
Net income	$	20,340	$	19,465
Weighted average number of shares outstanding – basic		13,381		14,268
Effect of stock awards (1)		168		82
Weighted average number of shares outstanding – diluted		13,549		14,350
Net income per share
Basic	$	1.52	$	1.36
Diluted	$	1.50	$	1.36

(1) For the nine months ended October 31, 2023 and 2022, the weighted average numbers of shares determined on a dilutive basis exclude the effects of antidilutive stock options and restricted stock units covering an aggregate of 881,056 and 1,103,334 shares of common stock, respectively.