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Earnings Per Share

9 Months Ended

Oct. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9.	Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share at October 31, 2017 and 2016, as follows:

		Three Months Ended October 31,						Nine Months Ended October 31,
		(in 000’s except for share information)
		2017			2016			2017			2016
Numerator:
Net income		$	1,806		$	1,513		$	5,358		$	2,946

Denominator:
Denominator for basic earnings per share (weighted-average shares which reflect 356,441 shares in the treasury)			7,894,582			7,258,697			7,477,202			7,255,966
Effect of dilutive securities from restricted stock plan, from dilutive effect of stock options and warrants			27,815			74,300			53,435			65,621
Denominator for diluted earnings per share (adjusted weighted average shares)			7,922,397			7,332,997			7,530,637			7,321,587
Basic earnings per share		$	0.23		$	0.21		$	0.72		$	0.41

Diluted earnings per share		$	0.23		$	0.21		$	0.71		$	0.40