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COMPUTATION OF NET INCOME (LOSS) PER SHARE
 6 Months Ended
Jul. 31, 2014
COMPUTATION OF NET INCOME (LOSS) PER SHARE [Abstract]  
COMPUTATION OF NET INCOME (LOSS) PER SHARE
2.
COMPUTATION OF NET INCOME (LOSS) PER SHARE

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

 
 
Three Months Ended
July 31,
  
Six Months Ended
July 31,
 
 
 
2014
  
2013
  
2014
  
2013
 
 
 
(in thousands, except
per share data)
 
Net income (loss)
 
$
985
  
$
1,254
  
$
909
  
$
(9
)
Less: Dividends declared
  
(1,113
)
  
(1,089
)
  
(2,216
)
  
(2,177
)
Undistributed net (loss) income
 
$
(128
)
 
$
165
  
$
(1,307
)
 
$
(2,186
)
 
                
Net income (loss) per share – Class A Common Stock
                
Dividends declared
 
$
922
  
$
900
  
$
1,835
  
$
1,799
 
Allocation of undistributed net (loss) income
  
(106
)
  
136
   
(1,081
)
  
(1,805
)
Net income (loss) attributable to Class A common stock
 
$
816
  
$
1,036
  
$
754
  
$
(6
)
 
                
Weighted average shares of Class A common stock outstanding—basic
  
12,768
   
12,473
   
12,700
   
12,451
 
Weighted average potential shares of Class A common stock
  
737
   
430
   
772
   
-
 
Weighted average shares of Class A common stock and potential common shares outstanding—diluted
  
13,505
   
12,903
   
13,472
   
12,451
 
 
                
Basic net income (loss) per Class A common share
 
$
0.06
  
$
0.08
  
$
0.06
  
$
(0.00
)
Diluted net income (loss) per Class A common share
 
$
0.06
  
$
0.08
  
$
0.06
  
$
(0.00
)
 
                
Net income (loss) per share – Class B Common Stock
                
Dividends declared
 
$
191
  
$
189
  
$
381
  
$
378
 
Allocation of undistributed net (loss) income
  
(22
)
  
29
   
(226
)
  
(381
)
Net income (loss) attributable to Class B common stock
 
$
169
  
$
218
  
$
155
  
$
(3
)
 
                
Weighted average shares of Class B common stock outstanding—basic
  
3,181
   
3,145
   
3,175
   
3,145
 
Weighted average potential shares of Class B common stock
  
92
   
86
   
98
   
-
 
Weighted average shares of Class B common stock and potential common shares outstanding—diluted
  
3,273
   
3,231
   
3,273
   
3,145
 
 
                
Basic net income (loss) per Class B common share
 
$
0.05
  
$
0.07
  
$
0.05
  
$
(0.00
)
Diluted net income (loss) per Class B common share
 
$
0.05
  
$
0.07
  
$
0.05
  
$
(0.00
)

Potential common shares consist of the shares issuable upon the release of restricted stock units ("RSUs") and the exercise of stock appreciation rights ("SARs"). The Company's unvested RSUs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to release. In addition, the Company's unexercised SARs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to exercise.
 
The following table sets forth the number of potential common shares not included in the calculation of diluted net income (loss) per share because their effects were anti-dilutive:

 
 
Three Months Ended
July 31,
  
Six Months Ended
July 31,
 
 
 
2014
  
2013
  
2014
  
2013
 
 
 
(in thousands)
  
(in thousands)
 
Class A
  
312
   
1,177
   
159
   
2,915
 
Class B
  
40
   
187
   
24
   
456