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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Net sales $ 40,061 $ 53,370 $ 77,735 $ 112,894
Cost of sales 34,401 42,825 68,034 86,360
Gross profit 5,660 10,545 9,701 26,534
Operating expenses        
General and administrative expenses 5,185 6,713 11,325 14,130
Selling expenses 2,950 2,037 5,651 4,900
Total operating expenses 8,135 8,750 16,976 19,030
(Loss) income from operations (2,475) 1,795 (7,275) 7,504
(Loss) income from joint venture (49) 219 116 211
Interest expense, net 252 263 246 500
(Loss) income from continuing operations before income taxes (2,776) 1,751 (7,405) 7,215
Income tax (benefit) expense (385) 276 (359) 1,542
(Loss) income from continuing operations (2,391) 1,475 (7,046) 5,673
Loss from discontinued operations, net of tax 0 (111) 0 (482)
Net (loss) income $ (2,391) $ 1,364 $ (7,046) $ 5,191
Weighted average common shares outstanding        
Basic 7,277 7,248 7,264 7,212
Diluted 7,277 7,386 7,264 7,350
(Loss) earnings per share from continuing operations        
Basic $ (0.33) $ 0.20 $ (0.97) $ 0.79
Diluted (0.33) 0.20 (0.97) 0.77
Loss per share from discontinued operations        
Basic and diluted 0.00 (0.02) 0.00 (0.07)
(Loss) earnings per share        
Basic (0.33) 0.19 (0.97) 0.72
Diluted $ (0.33) $ 0.18 $ (0.97) $ 0.71