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Net Income Per Share
 9 Months Ended
Oct. 31, 2024
Net Income Per Share  
Net Income Per Share

11. Net Income Per Share

 

The following table sets forth the computation of basic and diluted net income per share as follows (in $000s except per share amounts):

 

 

 

Three Months Ended

October 31,

 

 

Nine Months Ended

October 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$86

 

 

$2,618

 

 

$363

 

 

$6,402

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share (weighted-average shares which exclude shares in the treasury, 1,358,208 at October 31, 2024 and 2023)

 

 

7,428,451

 

 

 

7,428,557

 

 

 

7,379,835

 

 

 

7,344,559

 

Effect of dilutive securities from restricted stock plan

 

 

236,081

 

 

 

185,847

 

 

 

256,512

 

 

 

184,164

 

Denominator for diluted net income per share (adjusted weighted average shares)

 

 

7,664,532

 

 

 

7,614,404

 

 

 

7,636,646

 

 

 

7,528,723

 

Basic net income per share

 

$0.01

 

 

$0.35

 

 

$0.05

 

 

$0.87

 

Diluted net income per share 

 

$0.01

 

 

$0.34

 

 

$0.05

 

 

$0.85