COMPUTATION OF NET (LOSS) INCOME PER SHARE

3 Months Ended

Apr. 30, 2013

COMPUTATION OF NET (LOSS) INCOME PER SHARE [Abstract]

COMPUTATION OF NET (LOSS) INCOME PER SHARE

2.   COMPUTATION OF NET (LOSS) INCOME PER SHARE

The following table sets forth the computation of basic and diluted net (loss) income per share:

	Three Months Ended
	April 30,
	2013			2012
	(in thousands except per share data)
Net (loss) income	$	(1,263	)	$	1,844
Less: Dividends declared		(1,088	)		(1,078	)
Undistributed net (loss) income	$	(2,351	)	$	766
Net (loss) income per share – Class A Common Stock
Dividends declared	$	899		$	890
Allocation of undistributed net (loss) income		(1,942	)		634
Net (loss) income attributable to Class A common stock	$	(1,043	)	$	1,524
Weighted average shares of Class A common stock outstanding—basic		12,429			12,693
Weighted average potential shares of Class A common stock		—			519
Weighted average shares of Class A common stock and potential common shares outstanding—diluted		12,429			13,212
Basic net (loss) income per Class A common share	$	(0.08	)	$	0.12
Diluted net (loss) income per Class A common share	$	(0.08	)	$	0.12
Net (loss) income per share – Class B Common Stock
Dividends declared	$	189		$	188
Allocation of undistributed net (loss) income		(409	)		132
Net (loss) income attributable to Class B common stock	$	(220	)	$	320
Weighted average shares of Class B common stock outstanding—basic		3,145			3,168
Weighted average potential shares of Class B common stock		—			119
Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,145			3,287
Basic net (loss) income per Class B common share	$	(0.07	)	$	0.10
Diluted net (loss) income per Class B common share	$	(0.07	)	$	0.10

Potential common shares consist of the shares issuable upon the release of restricted stock units ("RSUs") and the exercise of stock options and stock appreciation rights ("SARs"). The Company's unvested RSUs, unexercised stock options and unexercised SARs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to release or exercise.

The following table sets forth the number of potential common shares not included in the calculation of diluted earnings per share because their effects were anti-dilutive:

	Three Months Ended
	April 30,
	2013	2012
	(in thousands)
Class A	2,804	2,086
Class B	456	377