NOTE 17 - CONSOLIDATED QUARTERLY DATA (Unaudited)

12 Months Ended

Jan. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 17 – CONSOLIDATED QUARTERLY DATA (Unaudited- see accompanying accountant’s report.)

	Fiscal Quarter
	First		Second		Third		Fourth
2016
Net sales	$	60,956	$	60,140	$	65,338	$	60,565
Cost of sales		44,581		44,047		47,173		42,510
Gross profit		16,375		16,093		18,165		18,055
Selling and administrative expenses		11,133		10,234		11,525		11,534
Net income		3,472		3,938		4,630		4,145
Basic earnings per share	$	0.32	$	0.36	$	0.43	$	0.38
Diluted earnings per share	$	0.32	$	0.36	$	0.43	$	0.38

2015
Net sales	$	61,396	$	54,883	$	63,168	$	64,903
Cost of sales		45,786		41,226		47,137		47,401
Gross profit		15,610		13,657		16,031		17,502
Selling and administrative expenses		11,367		10,243		11,148		10,994
Net income		2,804		2,272		3,204		4,298
Basic earnings per share	$	0.26	$	0.21	$	0.30	$	0.40
Diluted earnings per share	$	0.26	$	0.21	$	0.30	$	0.40

Earnings per share for each fiscal quarter is derived using the weighted average number of shares outstanding during that quarter. Earnings per share for each fiscal year is derived using the weighted average number of shares outstanding on an annual basis.  Consequently, the sum of earnings per share for the quarters of a fiscal year may not equal earnings per share for the full fiscal year.