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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Net sales $ 20,364 $ 36,667 $ 43,106 $ 60,943
Cost of sales 18,000 27,014 37,275 46,568
Gross profit 2,364 9,653 5,831 14,375
Operating expenses        
General and administrative expenses 4,488 4,814 8,792 9,271
Selling expenses 1,331 1,416 2,978 2,676
Total operating expenses 5,819 6,230 11,770 11,947
Income/(loss) from operations (3,455) 3,423 (5,939) 2,428
Interest expense, net 118 209 304 419
Other income 3,739 241 3,674 256
Income/(loss) from operations before income taxes 166 3,455 (2,569) 2,265
Income tax (benefit)/expense (101) (265) (315) 47
Net income/(loss) $ 267 $ 3,720 $ (2,254) $ 2,218
Weighted average common shares outstanding        
Basic (in shares) 8,126 7,887 8,087 7,937
Diluted (in shares) 8,278 8,202 8,087 8,122
Income/(loss) per share        
Basic (in dollars per share) $ 0.03 $ 0.47 $ (0.28) $ 0.28
Diluted (in dollars per share) $ 0.03 $ 0.45 $ (0.28) $ 0.27