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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Net sales $ 24,344 $ 22,961
Cost of goods sold 14,840 14,403
Gross profit 9,504 8,558
Operating expenses 7,088 6,085
Operating profit 2,416 2,473
Other income (expense), net (1) 2
Interest expense 31 76
Income before taxes 2,384 2,399
Income tax expense 517 688
Net income $ 1,867 $ 1,711
Net income per common share:    
Basic $ 0.23 $ 0.24
Diluted $ 0.23 $ 0.23
Weighted average common shares outstanding:    
Basic 8,116,199 7,263,774
Diluted 8,160,380 7,353,660