Earnings per Share

3 Months Ended

Apr. 30, 2014

9.	Earnings per Share

Net income per basic common share is computed using the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Net income per diluted common share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period using the treasury stock method. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect and from the assumed vesting of unvested shares of restricted stock.

The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation:


	Three Months Ended April 30,
	2014		2013
	(in thousands)
Basic weighted average common shares outstanding		12,749		12,789

Stock options		316		393
Unvested restricted stock		37		38

Total weighted average common share equivalents		353		431

Diluted weighted average common shares outstanding		13,102		13,220

- Definition

The entire disclosure for earnings per share.

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