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Note 3 - Computation of Net (Loss) Income Per Share
 6 Months Ended
Jul. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
 
3.
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
9
    
201
8
    
201
9
    
201
8
  
   
(in thousands, except per share data)
    
(in thousands, except per share data)
  
Net (loss) income
   $
(13,250
)
   $
1,113
     $
(16,484
)
   $
2,510
  
Less: Dividends declared
    
(1,387
)
    
(1,372
)
    
(2,761
)
    
(2,731
)
Undistributed net loss
   $
(14,637
)
   $
(259
)
   $
(19,245
)
   $
(221
)
                                 
Net
(loss) income
per share – Class A Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
1,191
     $
1,176
     $
2,370
     $
2,340
  
Allocation of undistributed net loss
    
(12,570
)
    
(222
)
    
(16,522
)
    
(190
)
Net (loss) income attributable to Class A common stock
   $
(11,379
)
   $
954
     $
(14,152
)
   $
2,150
  
                                 
Weighted average shares of Class A common stock outstanding—
basic
    
16,465
      
16,266
      
16,417
      
16,173
  
Weighted average potential shares of Class A common stock
    
—
      
1,661
      
—
      
1,713
  
Weighted average shares of Class A common stock and potential common shares outstanding—
diluted
    
16,465
      
17,927
      
16,417
      
17,886
  
                                 
Basic net (loss) income per Class A common share
   $
(0.69
)
   $
0.06
     $
(0.86
)
   $
0.13
  
Diluted net (loss) income per Class A common share
   $
(0.69
)
   $
0.05
     $
(0.86
)
   $
0.12
  
                                 
Net
(loss) income
per share – Class B Common Stock
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Dividends declared
   $
196
     $
196
     $
391
     $
391
  
Allocation of undistributed net loss
    
(2,067
)
    
(37
)
    
(2,723
)
    
(31
)
Net (loss) income attributable to Class B common stock
   $
(1,871
)
   $
159
     $
(2,332
)
   $
360
  
                                 
Weighted average shares of Class B common stock outstanding—
basic
    
3,264
      
3,263
      
3,264
      
3,248
  
Weighted average potential shares of Class B common stock
    
—
      
171
      
—
      
177
  
Weighted average shares of Class B common stock and potential common shares outstanding—
diluted
    
3,264
      
3,434
      
3,264
      
3,425
  
                                 
Basic net (loss) income per Class B common share
   $
(0.57
)
   $
0.05
     $
(0.71
)
   $
0.11
  
Diluted net (loss) income per Class B common share
   $
(0.57
)
   $
0.05
     $
(0.71
)
   $
0.11
  
 
Potential common shares consist of the shares issuable upon the release of restricted stock units (“RSUs”) and (“PSUs”) and the exercise of stock appreciation rights (“SARs”). The Company’s unvested RSUs and PSUs, 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
9
    
201
8
    
201
9
    
201
8
  
   
(in thousands)
    
(in thousands)
  
Class A
    
2,897
      
351
      
2,898
      
179
  
Class B
    
278
      
—
      
278
      
—