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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Net sales $ 66,316 $ 43,819 $ 144,051 $ 156,713
Cost of sales 49,345 37,098 117,379 123,458
Gross profit 16,971 6,721 26,672 33,255
Operating expenses        
General and administrative expenses 6,775 5,291 18,100 19,421
Selling expenses 2,836 2,666 8,487 7,566
Total operating expenses 9,611 7,957 26,587 26,987
Income (loss) from operations 7,360 (1,236) 85 6,268
Income from joint venture 408 903 524 1,114
Interest expense, net 211 293 457 793
Income (loss) from continuing operations before income taxes 7,557 (626) 152 6,589
Income tax expense 1,443 11 1,084 1,553
Income (loss) from continuing operations 6,114 (637) (932) 5,036
Income (loss) from discontinued operations, net of tax 0 265 0 (217)
Net income (loss) $ 6,114 $ (372) $ (932) $ 4,819
Weighted average common shares outstanding        
Basic 7,290 7,290 7,273 7,238
Diluted 7,367 7,290 7,273 7,337
Earnings (loss) per share from continuing operations        
Basic $ 0.84 $ (0.09) $ (0.13) $ 0.70
Diluted 0.83 (0.09) (0.13) 0.69
Earnings (loss) per share from discontinued operations        
Basic and diluted 0.00 0.04 0.00 (0.03)
Earnings (loss) per share        
Basic 0.84 (0.05) (0.13) 0.67
Diluted $ 0.83 $ (0.05) $ (0.13) $ 0.66