STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 31, 2013

STOCK-BASED COMPENSATION [Abstract]

Allocation of Stock-based Compensation Expense

The following table sets forth reported stock compensation expense included in the Company's Consolidated Statements of Income and Comprehensive Income for the fiscal years ended January 31, 2013, 2012 and 2011.

	Years Ended January 31,
	2013		2012		2011
	(in thousands)
Stock-based compensation expense:
Cost of maintenance, subscription and other revenue	$	197	$	221	$	276
Cost of professional services		482		526		664
Sales and marketing		835		813		1,076
Research and development		658		667		846
General and administrative		2,436		2,280		2,441
Total stock-based compensation expense	$	4,608	$	4,507	$	5,303

Weighted Average Assumptions Used to Value SARs

The weighted average assumptions used to value SARs are shown in the following table.

	Years Ended January 31,
	2013			2012			2011
Expected life in years		4.61			4.52			5.79
Risk free interest rate		0.69	%		0.98	%		2.27	%
Volatility		61	%		67	%		61	%
Dividend rate		2.25	%		2.59	%		2.23	%

Activity for Outstanding Stock Options and SARs

The following table summarizes the activity for outstanding options and SARs for the fiscal years ended January 31, 2013, 2012 and 2011:

	Options/ SARs (in thousands)			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value(in thousands)
Outstanding at January 31, 2010		2,214		$	11.76
Granted		683			8.95
Exercised		(88	)		6.44
Expired		(58	)		10.42
Forfeited		(98	)		8.93
Outstanding at January 31, 2011		2,653		$	11.33
Granted		502			10.28
Exercised		(164	)		8.08
Expired		(46	)		14.28
Forfeited		(74	)		9.26
Outstanding at January 31, 2012		2,871		$	11.34
Granted		570			12.90
Exercised		(272	)		8.34
Expired		(222	)		22.26
Forfeited		(27	)		9.49
Outstanding at January 31, 2013		2,920		$	11.11		4.7	$	8,576
Vested and expected to vest at January 31, 2013 (1)		2,872		$	11.11		4.7	$	8,440
Vested and exercisable at January 31, 2013		1,524		$	11.28		3.2	$	4,566

____________

(1) The expected-to-vest options and SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding options and SARs.

Summary of Activity for RSUs

The following table summarizes the activity for RSUs for the fiscal years ended January 31, 2013, 2012 and 2011:

	RSUs			Weighted Average Grant Date Fair Value
	(in thousands)
Restricted stock at January 31, 2010		475		$	10.74
Granted		128			8.81
Released (1)		(165	)		11.37
Forfeited		(3	)		8.75
Restricted stock at January 31, 2011		435		$	10.02
Granted		174			9.32
Released (1)		(178	)		11.02
Forfeited		(17	)		9.35
Restricted stock at January 31, 2012		414		$	9.32
Granted		200			12.20
Released (1)		(223	)		9.84
Forfeited		(6	)		10.99
Restricted stock at January 31, 2013		385		$	10.49

____________

(1) The number of RSUs released includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the fiscal years ended January 31, 2013, 2012 and 2011, the Company withheld 57,000 shares, 58,000 shares and 53,000 shares, respectively, for payment of these taxes. The value of the withheld shares for the fiscal years ended January 31, 2013, 2012 and 2011 were $0.7 million, $0.6 million and $0.5 million, respectively.