XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 2 - Computation of Net Income (Loss) Per Share
 9 Months Ended
Oct. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
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
 
 
Nine
Months Ended
 
 
 
October
31,
 
 
October
31,
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
 
(in thousands, except per share data)
 
 
(in thousands, except per share data)
 
Net income (loss)
   $ 1,533     $ 2,586     $ (291
)
  $ 4,766  
Less: Dividends declared
     (1,328
)
     (1,313
)
     (3,970
)
     (3,922
)
Undistributed net income (loss)
   $ 205     $ 1,273     $ (4,261
)
   $ 844  
                                 
Net income (loss) per share – Class A Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
   $ 1,136     $ 1,121     $ 3,393     $ 3,346  
Allocation of undistributed net income (loss)
     175       1,087       (3,638
)
     721  
Net income (loss) attributable to Class A common stock
   $ 1,311     $ 2,208     $ (245
)
   $ 4,067  
                                 
Weighted average shares of Class A common stock outstanding—
basic
     15,773       15,559       15,687       15,431  
Weighted average potential shares of Class A common stock
    829       749       —       777  
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
     16,602       16,308       15,687       16,208  
                                 
Basic net income (loss) per Class A common share
   $ 0.08     $ 0.14     $ (0.02
)
   $ 0.26  
Diluted net income (loss) per Class A common share
   $ 0.08     $ 0.14     $ (0.02
)
   $ 0.25  
                                 
Net income (loss) per share – Class B Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
   $ 192     $ 192     $ 577     $ 576  
Allocation of undistributed net income (loss)
     30       186       (623
)
     123  
Net income (loss) attributable to Class B common stock
   $ 222     $ 378     $ (46
)
   $ 699  
                                 
Weighted average shares of Class B common stock outstanding—
basic
     3,206       3,203       3,205       3,200  
Weighted average potential shares of Class B common stock
    95       83       —       83  
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
     3,301       3,286       3,205       3,283  
                                 
Basic net income (loss) per Class B common share
   $ 0.07     $ 0.12     $ (0.01
)
   $ 0.22  
Diluted net income (loss) per Class B common share
   $ 0.07     $ 0.12     $ (0.01
)
   $ 0.21  
 
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 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
 
 
Nine
Months Ended
 
 
 
October 31
,
 
 
October 31
,
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
 
(in thousands)
 
 
(in thousands)
 
Class A
     1,135       640       1,029       490  
Class B
     180       120       151       92