XML 52 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 9 Months Ended
Oct. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
5. Earnings Per Share:

Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation takes into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period.

 

The following table sets forth the computation of basic and diluted earnings per share based upon income (loss) from continuing operations at October 31, 2012 and 2011.

    Three Months Ended     Nine Months Ended  
    October 31,     October 31,  
    2012     2011     2012     2011  
Numerator                                
Net income (loss) from continuing operations   $ 282,646     $ 145,634     $ (8,194,991 )   $ 2,095,470  
Denominator                                
Denominator for basic earnings per share                                
(Weighted-average shares which reflect  356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively     5,330,286       5,225,020       5,276,288       5,224,371  
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options     36,957       131,815       0       123,801  
Denominator for diluted earnings per share     5,367,243       5,356,835       5,276,288       5,348,172  
(adjusted weighted average shares)                                
Basic earnings (loss) per share   $ 0.05     $ 0.03     $ (1.55 )   $ 0.40  
Diluted earnings (loss) per share   $ 0.05     $ 0.03     $ (1.55 )   $ 0.39