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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Revenues:        
Equipment leasing $ 10,882 $ 12,272 $ 31,890 $ 29,047
Lease pool equipment sales 3,204 326 5,536 661
Seamap equipment sales 7,262 6,534 17,806 14,883
Other equipment sales 1,732 2,146 2,479 3,189
Total revenues 23,080 21,278 57,711 47,780
Cost of sales:        
Direct costs - equipment leasing 1,940 1,826 4,645 3,983
Direct costs - lease pool depreciation 8,437 6,703 16,831 12,793
Cost of lease pool equipment sales 1,007 107 2,411 204
Cost of Seamap and other equipment sales 4,296 4,429 9,538 8,662
Total cost of sales 15,680 13,065 33,425 25,642
Gross profit 7,400 8,213 24,286 22,138
Operating expenses:        
General and administrative 5,719 5,794 11,038 10,442
Recovery of doubtful accounts    (492) (428) (492)
Depreciation and amortization 340 312 669 617
Total operating expenses 6,059 5,614 11,279 10,567
Operating income 1,341 2,599 13,007 11,571
Other income (expenses):        
Interest, net (96) (95) (101) (270)
Other, net 29 (336) (569) (672)
Total other income (expenses) (67) (431) (670) (942)
Income before income taxes 1,274 2,168 12,337 10,629
Benefit (provision) for income taxes 5,128 (868) 2,521 (3,236)
Net income $ 6,402 $ 1,300 $ 14,858 $ 7,393
Net income per common share:        
Basic $ 0.51 $ 0.12 $ 1.17 $ 0.71
Diluted $ 0.48 $ 0.11 $ 1.12 $ 0.67
Shares used in computing net income per common share:        
Basic 12,665 10,970 12,646 10,447
Diluted 13,262 11,615 13,294 11,043