NET INCOME PER SHARE (Tables)

3 Months Ended

Apr. 30, 2024

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 notes):

	Three Months Ended April 30,
	2024		2023
Net income	$	7,882	$	2,109
Weighted average number of shares outstanding – basic		13,257		13,413
Effect of stock awards (1)		315		133
Weighted average number of shares outstanding – diluted		13,572		13,546
Net income per share
Basic	$	0.59	$	0.16
Diluted	$	0.58	$	0.16

(1) For the three months ended April 30, 2024 and 2023, 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 344,000 and 851,834 shares of common stock, respectively.