4. GOODWILL

The changes in the carrying amount of goodwill for the fiscal years ended January 31, 2012 and 2011 were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2010	$	21,956		$	(15,608	)	$	6,348
Impact of foreign currency translation		109			-			109
Balance at January 31, 2011	$	22,065		$	(15,608	)	$	6,457
Impact of foreign currency translation		(45	)		-			(45	)
Balance at January 31, 2012	$	22,020		$	(15,608	)	$	6,412

There were no additions to goodwill in fiscal 2012 and 2011.

During each of the fourth quarters of fiscal 2012, 2011 and 2010, an impairment analysis was performed at the enterprise level which compared the Company's market capitalization to its net assets as of the test date, November 30th. As the market capitalization substantially exceeded the Company's net assets, there was no indication of goodwill impairment for fiscal 2012, 2011 and 2010.