Three Months Ended

January 31,

(In thousands, except per share data)

2022

2021

Numerator:

Numerator for basic and diluted earnings per share

$

19,950

$

17,360

Denominator:

Denominator for basic earnings per share – weighted average shares outstanding

6,389

6,225

Effect of dilutive securities:

Share based payments

112

78

Denominator for diluted earnings per share – weighted average shares outstanding

6,501

6,303

Basic earnings per share

$

3.12

$

2.79

Diluted earnings per share

$

3.07

$

2.75