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Note 2 - Computation of Net (Loss) Per Share
 6 Months Ended
Jul. 31, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
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
 
 
Six Months Ended
 
 
 
July 31,
 
 
July 31,
 
 
 
201
7
 
 
201
6
 
 
201
7
 
 
201
6
 
 
 
(in thousands, except per share data)
 
 
(in thousands, except per share data)
 
Net (loss) income
   $
(1,161
)
   $
968
     $
(3,732
)
  $
(1,824
)
Less: Dividends declared
    
(1,344
)
    
(1,326
)
    
(2,675
)
    
(2,642
)
Undistributed net loss
   $
(2,505
)
   $
(358
)
   $
(6,407
)
   $
(4,466
)
                                 
Net (
loss
) income
per share – Class A Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
   $
1,151
     $
1,134
     $
2,290
     $
2,257
  
Allocation of undistributed net loss
    
(2,145
)
    
(306
)
    
(5,483
)
    
(3,813
)
Net (loss) income attributable to Class A common stock
   $
(994
)
   $
828
     $
(3,193
)
   $
(1,556
)
                                 
Weighted average shares of Class A common stock outstanding—
basic
    
15,914
      
15,694
      
15,863
      
15,644
  
Weighted average potential shares of Class A common stock
   
—
      
586
      
—
      
—
  
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
    
15,914
      
16,280
      
15,863
      
15,644
  
                                 
Basic net (loss) income per Class A common share
   $
(0.06
)
   $
0.05
     $
(0.20
)
   $
(0.10
)
Diluted net (loss) income per Class A common share
   $
(0.06
)
   $
0.05
     $
(0.20
)
   $
(0.10
)
                                 
Net (loss) income per share – Class B Common Stock
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared
   $
193
     $
192
     $
385
     $
385
  
Allocation of undistributed net loss
    
(360
)
    
(52
)
    
(924
)
    
(653
)
Net (loss) income attributable to Class B common stock
   $
(167
)
   $
140
     $
(539
)
   $
(268
)
                                 
Weighted average shares of Class B common stock outstanding—
basic
    
3,212
      
3,205
      
3,211
      
3,204
  
Weighted average potential shares of Class B common stock
   
—
      
70
      
—
      
—
  
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
    
3,212
      
3,275
      
3,211
      
3,204
  
                                 
Basic net (loss) income per Class B common share
   $
(0.05
)
   $
0.04
     $
(0.17
)
   $
(0.08
)
Diluted net (loss) income per Class B common share
   $
(0.05
)
   $
0.04
     $
(0.17
)
   $
(0.08
)
 
 
 
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
 
 
Six Months Ended
 
 
 
July 31,
 
 
July 31,
 
 
 
201
7
 
 
201
6
 
 
201
7
 
 
201
6
 
 
 
(in thousands)
 
 
(in thousands)
 
Class A
    
3,219
      
1,027
      
3,129
      
2,883
  
Class B
    
384
      
151
      
387
      
361