qada20180131

Business Description and Accounting Policies [Text Block]

SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

BUSINESS

1979,

QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high technology, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises. QAD was founded in

1979,

incorporated in California in

1986

and reincorporated in Delaware in

1997.

PRINCIPLES OF CONSOLIDATION

USE OF ESTIMATES

’s financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.

FOREIGN CURRENCY TRANSLATIONS AND TRANSACTIONS

The financial position and results of operations of the Company

’s foreign subsidiaries are generally determined using the country’s local currency as the functional currency. Assets and liabilities recorded in foreign currencies are translated at the exchange rates on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are charged or credited to other comprehensive (loss) income, which is included in “Accumulated other comprehensive loss” within the Consolidated Balance Sheets.

Gains and losses resulting from foreign currency transactions and remeasurement adjustments of monetary assets and liabilities

not

held in an entity

’s functional currency are included in earnings. Foreign currency transaction and remeasurement losses (gains) for fiscal

2018,

2017

and

2016

totaled

$2.5

million,

$0.2

million and $(

0.5

) million, respectively, and are included in “Other (income) expense, net” in the accompanying Consolidated Statements of Operations and Comprehensive (Loss) Income.

CASH AND EQUIVALENTS

Cash and equivalents consist of cash and short-term marketable securities with maturities of less than

days at the date of purchase. The Company considers all highly liquid investments purchased with an original maturity of

days or less to be cash equivalents. At

January 31,

2018

and

2017,

the Company’s cash and equivalents consisted of money market mutual funds invested in U.S. Treasury and government securities, deposit accounts and certificates of deposit.

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consisted of the following as of

January 31:

	2018			2017
	(in thousands)
Accounts receivable	$	85,281		$	71,647
Less allowance for:
Doubtful accounts		(396	)		(1,090	)
Sales adjustments		(1,367	)		(1,116	)
Accounts receivable, net	$	83,518		$	69,441

Trade accounts receivable are recorded at the invoiced amount and do

not

bear interest. The collectability of accounts receivable is reviewed each period by analyzing balances based on age. Specific allowances are recorded for any balances that the Company determines

may

not

be fully collectible due to a customer

’s inability to pay. The Company also provides a general reserve based on historical data including analysis of write-offs and other known factors. Provisions to the allowance for bad debts are included as bad debt expense in “General and Administrative” expense. The determination to write-off specific accounts receivable balances is based on the likelihood of collection and past due status. Past due status is based on invoice date and terms specific to each customer. The

January 31, 2017

allowance for doubtful accounts included

$0.7

million related to a fully reserved customer account. During fiscal

2018

the collections legal process was exhausted and the

$0.7

million allowance for doubtful accounts was removed from the balance sheet, with a corresponding decrease in accounts receivable.

The Company does

not

generally provide a contractual right of return; however, in the course of business

sales adjustments related to customer dispute resolution

may

occur. A provision is recorded against revenue for estimated sales adjustments in the same period the related revenues are recorded or when current information indicates additional amounts are required. These estimates are based on historical experience, specifically identified customers and other known factors.

FINANCIAL INSTRUMENTS AND CONCENTRATION OF CREDIT RISK

The carrying amounts of cash and equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturities of these instruments. The Company

’s line of credit and note payable both bear a variable market interest rate, subject to certain minimum interest rates. Therefore, the carrying amounts outstanding under the line of credit and note payable reasonably approximate fair value.

single customer accounted for

10%

or more of the Company

’s total revenue in any of the last

three

fiscal years. In addition,

single customer accounted for

10%

or more of accounts receivable at

January 31, 2018

2017.

PROPERTY AND EQUIPMENT

three

years for computer equipment and software,

five

years for furniture and office equipment,

years for building improvements, and

years for buildings. Leasehold improvements are depreciated over the shorter of the lease term or the useful life of

five

years.

Property and equipment, net consisted of the following as of

January 31:

	2018			2017
	(in thousands)
Buildings and building improvements	$	32,444		$	31,979
Computer equipment and software		17,312			16,027
Furniture and office equipment		7,632			6,748
Leasehold improvements		6,677			5,984
Land		3,850			3,850
Automobiles		54			54
		67,969			64,642
Less accumulated depreciation and amortization		(37,561	)		(33,770	)
	$	30,408		$	30,872

The changes in property and equipment, net, for the fiscal years ended

January 31

were as follows:

	2018			2017
	(in thousands)
Cost
Balance at February 1	$	64,642		$	64,925
Additions		3,720			3,267
Disposals		(1,874	)		(3,258	)
Impact of foreign currency translation		1,481			(292	)
Balance at January 31		67,969			64,642

Accumulated depreciation
Balance at February 1		(33.770	)		(32,845	)
Depreciation		(4,562	)		(4,326	)
Disposals		1,719			3,211
Impact of foreign currency translation		(948	)		190
Balance at January 31		(37,561	)		(33,770	)
Property and equipment, net at January 31	$	30,408		$	30,872

Depreciation and amortization expense of property and equipment for fiscal

2018,

2017

and

2016

was

$4.6

million,

$4.3

million, and

$4.0

million, respectively. There was

impairment of property and equipment assets during fiscal

2018,

2017

and

2016.

CAPITALIZED SOFTWARE COSTS

third

parties or through business combinations as acquired software technology, if the related software under development has reached technological feasibility.

The amortization of capitalized software costs is the greater of the straight-line basis over

three

years, the expected useful life, or a computation using a ratio of current revenue for a product compared to the estimated total of current and future revenues for that product. The Company periodically compares the unamortized capitalized software costs to the estimated net realizable value of the associated product. The amount by which the unamortized capitalized software costs of a particular software product exceeds the estimated net realizable value of that asset would be reported as a charge to the Consolidated Statements of

Operations and Comprehensive (Loss) Income.

Capitalized software costs and accumulated amortization at

January 31

were as follows:

	2018			2017
	(in thousands)
Capitalized software costs:
Acquired software technology	$	—		$	3,458
Capitalized software development costs		1,516			748
		1,516			4,206
Less accumulated amortization		(526	)		(3,474	)
Capitalized software costs, net	$	990		$	732

Acquired software technology costs relate to technology purchased from the Company

’s fiscal

2013

acquisitions of DynaSys and CEBOS. In addition to the acquired software technology, the Company has capitalized costs related to translations and localizations of QAD Enterprise Applications.

It is the Company

’s policy to write off capitalized software development costs once fully amortized. Accordingly, during fiscal

2018,

$3.7

million of costs and accumulated amortization was removed from the balance sheet and was primarily related to the acquired software technology which was fully amortized during fiscal

2018.

Amortization of capitalized software costs for fiscal

2018,

2017

and

2016

was

$0.8

million,

$1.0

million and

$1.1

million, respectively. Amortization of capitalized software costs is included in “Cost of license fees” in the accompanying Consolidated Statements of Operations and Comprehensive (Loss) Income.

Estimated amortization expense relating to the Company

’s capitalized software costs as of

January 31, 2018

$445,000,

$365,000

and

$180,000

in fiscal

2019,

2020

and

2021,

respectively.

GOODWILL AND INTANGIBLE ASSETS

Goodwill represents the excess of the purchase price over the fair value of net assets of purchased businesses. Goodwill is

not

amortized, but instead is subject to impairment tests on at least an annual basis and whenever circumstances suggest that goodwill

may

be impaired. The Company tests goodwill for impairment in the

fourth

quarter of each fiscal year. The Company performs a

two

-step impairment test. Under the

first

step of the goodwill impairment test, the Company is required to compare the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is

not

considered impaired and the

second

step is

not

performed. If the results of the

first

step of the impairment test indicate that the fair value of a reporting unit does

not

exceed its carrying amount, then the

second

step of the goodwill impairment test is required. The

second

step of the goodwill impairment test compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. The impairment loss is measured by the excess of the carrying amount of the reporting unit goodwill over the implied fair value of that goodwill.

not

specifically identifiable to a geography or product line but relate to almost all products. As a result, there is a high degree of interdependency among the Company’s revenues and cash flows for levels below the consolidated entity and identifiable cash flows for a component separate from the consolidated entity are

not

meaningful. Therefore, the Company’s impairment test considers the consolidated entity as a single reporting unit.

Judgments about the recoverability of purchased finite lived intangible assets are made whenever events or changes in circumstances indicate that an impairment

may

exist. Each fiscal year the Company evaluates the estimated remaining useful lives of purchased intangible assets and whether events or changes in circumstances warrant a revision to the remaining periods of amortization. Recoverability of finite-lived intangible assets is measured by comparison of the carrying amount of the asset to the future undiscounted cash flows the asset is expected to generate.

’s business strategy or internal forecasts.

The changes in the carrying amount of goodwill for the fiscal years ended

January 31,

2018,

and

2017

were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2016	$	26,253		$	(15,608	)	$	10,645
Impact of foreign currency translation		(87	)		—			(87	)
Balance at January 31, 2017		26,166			(15,608	)		10,558
Impact of foreign currency translation		465			—			465
Balance at January 31, 2018	$	26,631		$	(15,608	)	$	11,023

During each of the

fourth

quarters of fiscal

2018,

2017

and

2016,

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 30.

As the market capitalization substantially exceeded the Company’s net assets, there was

indication of goodwill impairment for fiscal

2018,

2017

and

2016.

Intangible assets were as follows:

	January 31, 2017
	(in thousands)
Amortizable intangible assets
Customer relationships	$	2,721
Trade name		515
		3,236
Less: accumulated amortization		(2,821	)
Net amortizable intangible assets	$	415

The Company

’s intangible assets as of

January 31, 2017

are related to the DynaSys and CEBOS acquisitions completed in fiscal

2013.

Intangible assets are included in “Other assets, net” in the accompanying Consolidated Balance Sheets. As of

January 31, 2018,

the Company’s intangible assets were fully amortized.

Amortization of intangible assets was

$0.4

million for the fiscal year

2018

and

$0.7

million for each of the fiscal years

2017

and

2016.

INCOME TAXES

Income tax expense includes U.S. (federal and state) and foreign income taxes. Tax legislation commonly known as the Tax Cuts and Jobs Act of

2017

(the “Tax Act”) includes a mandatory

one

-time tax on accumulated earnings of foreign subsidiaries, and as a result, all previously unremitted earnings for which

U.S. deferred tax liability had been accrued have now been subject to U.S. federal income tax. Notwithstanding the U.S. taxation of these amounts, the Company intends to continue to invest most or all of these earnings, as well as its capital in these subsidiaries, indefinitely outside of the U.S. and does

not

expect to incur any significant, additional taxes related to such amounts.

not

be realized. The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including recent cumulative loss experience and expectations of future earnings, and investment in such jurisdiction, the carry-forward periods available to the Company for tax reporting purposes, and other relevant factors.

The Company utilizes a

two

-step approach to recognizing and measuring uncertain income tax positions (tax contingencies). The

first

step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than

not

that the position will be sustained on audit, including resolution of related appeals or litigation processes. The

second

step is to measure the tax benefit as the largest amount which is more than

50%

likely of being realized upon ultimate settlement. The Company considers many factors when evaluating its tax positions and estimating its tax benefits, which

may

require periodic adjustments and which

may

not

accurately forecast actual outcomes. The Company includes interest and penalties related to its tax contingencies in income tax expense.

STOCK-BASED COMPENSATION

The Company accounts for share-based payments (“equity awards”) to employees in accordance with ASC

718,

Compensation—Stock Compensation

(“ASC

718”

), which requires that share-based payments (to the extent they are compensatory) be recognized in the Consolidated Statements of Income and Comprehensive Income based on the fair values of the equity awards as measured at the grant date. The fair value of an equity award is recognized as stock-based compensation expense ratably over the vesting period of the equity award. Determining the fair value of equity awards at the grant date requires judgment.

Fair Value of RSUs

The fair value of restricted stock units (“RSUs”) is determined on the grant date of the award as the market price of the Company

’s common stock on the date of grant, reduced by the present value of estimated dividends foregone during the vesting period. Judgment is required in determining the present value of estimated dividends foregone during the vesting period. The Company estimates the dividends for purposes of this calculation based on the Company’s historical dividend payments per share, which has remained consistent over the last

three

years.

Fair Value of SARs

’s stock on the date of grant. Judgment is required in determining the remaining inputs to the Black-Scholes-Merton valuation model. These inputs include the expected life, volatility, the risk-free interest rate and the dividend rate. The following describes the Company’s policies with respect to determining these valuation inputs:

Expected Life

The expected life valuation input includes a computation that is based on historical vested SAR exercises and post-vest expiration patterns and an estimate of the expected life for SARs that were fully vested and outstanding. Furthermore, based on the Company’s historical pattern of SAR exercises and post-vest expiration patterns the Company determined that there are

two

discernible populations which include the Company’s directors and officers (“D&O”) and all other QAD employees. The estimate of the expected life for SARs that were fully vested and outstanding is determined as the midpoint of a range as follows: the low end of the range assumes the fully vested and outstanding SARs are exercised or expire unexercised on the evaluation date and the high end of the range assumes that these SARs are exercised or expire unexercised upon contractual term.

Volatility

The volatility valuation input is based on the historical volatility of the Company’s common stock, which the Company believes is representative of the expected volatility over the expected life of SARs.

Risk-Free Interest Rate

The risk-free interest rate is based on the U.S. Treasury constant maturities in effect at the time of grant for the expected term of the SAR.

Dividend Ra

The dividend rate is based on the Company’s historical dividend payments per share.

may

also indirectly affect the income tax expense. If the tax deduction is less than the deferred tax asset, the calculated shortfall would increase income tax expense. If the tax deduction is more than the deferred tax asset, the calculated windfall would decrease income tax expense.

COMPREHENSIVE

(LOSS)

INCOME

Comprehensive

(loss) income includes changes in the balances of items that are reported directly as a separate component of Stockholders’ Equity on the Consolidated Balance Sheets. The components of comprehensive (loss) income are net (loss) income and foreign currency translation adjustments. The Company does

not

provide for income taxes on foreign currency translation adjustments since it does

not

provide for taxes on the unremitted earnings of its foreign subsidiaries. The changes in “Accumulated other comprehensive loss” are included in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income.

REVENUE

The Company o

ffers its software using

two

models, a traditional on-premise licensing model and a cloud delivery model. The traditional model involves the sale or license of software on a perpetual basis to customers who take possession of the software and install and maintain the software on their own hardware. Under the cloud delivery model the Company provides access to the software on a hosted basis as a service and customers generally do

not

have the contractual right to take possession of the software.

Revenue is recognized when

) persuasive evidence of an arrangement exists

) delivery has occurred or services has been rendered

) fees are fixed or determinable and

) collectability is probable. If we determine that any of the

four

criteria is

not

met, we will defer recognition of revenue until all the criteria are met.

Revenue is presented net of sales, use and value-added taxes collected from customers.

Software Revenue Recognition (On-Premise Model)

The majority of

the Company’s software is sold or licensed in multiple-element arrangements that include support services and often consulting services or other elements. Delivery of software is considered to have occurred upon electronic transfer of the license key that provides immediate availability of the product to the purchaser. Determining whether and when some of the above noted revenue recognition criteria have been satisfied often involves assumptions and judgments that can have a significant impact on the timing and amount of revenue reported. Typical payment terms vary by region. Occasionally, payment terms of up to

one

year

may

be granted for software license fees to customers with an established history of collections without concessions.

Provided all other revenue recognition criteria have been met,

the Company recognizes license revenue on delivery using the residual method when VSOE exists for all of the undelivered elements (for example, support services, consulting, or other services) in the arrangement. Revenue is allocated to each undelivered element based on VSOE, which is the price charged when that element is sold separately or, for elements

not

yet sold separately, the price established by management if it is probable that the price will

not

change before the element is sold separately. The Company allocates revenue to undelivered support services (maintenance) based on rates charged to renew the support services annually after an initial period. Revenue is allocated to undelivered consulting services based on time and materials rates of stand-alone services engagements by role and by country. The Company reviews VSOE at least annually. If the Company is unable to establish or maintain VSOE for

one

or more undelivered elements within a multiple-element software arrangement, it could adversely impact revenues, results of operations and financial position because the Company

may

have to defer all or a portion of the revenue or recognize revenue ratably.

Multiple-element software arrangements for which VSOE does

not

exist for all undelivered elements typically occur when

the Company introduces a new product or product bundles for which the Company has

not

established VSOE for support services or fixed fee consulting or other services. In these instances, revenue is deferred and recognized ratably over the longer of the support services (maintenance period) or consulting services engagement, assuming there are

specified future deliverables. In the instances in which it has been determined that revenue on these bundled arrangements will be recognized ratably due to lack of VSOE, at the time of recognition, the Company allocates revenue from these bundled arrangement fees to all of the non-license revenue categories based on VSOE of similar support services or consulting services. The remaining arrangement fees, if any, are then allocated to software license fee revenues. The associated costs primarily consist of payroll and related costs to perform both the consulting services and provide support services and royalty expense related to the license and maintenance revenue. These costs are expensed as incurred and included in cost of maintenance, subscription and other revenue, cost of professional services and cost of license fees.

Revenue from support services and product updates, referred to as maintenance revenue, is recognized ratably over the term of the maintenance period, which in most instances is

one

year. Software license updates provide customers with rights to unspecified software product updates, maintenance releases and patches released during the term of the support period on a when-and-if available basis. Product support includes Internet access to technical content, as well as Internet and telephone access to technical support personnel.

Customers generally purchase both product support and license updates when they acquire new software licenses. In addition, a majority of customers renew their support services contracts annually.

The Company

occasionally resells

third

party systems as part of an end-to-end solution requested by customers. Hardware revenue is recognized on a gross basis in accordance with the guidance contained in ASC

605

45,

Revenue Recognition – Principal Agent Considerations.

Delivery is considered to occur when the product is shipped and title and risk of loss have passed to the customer.

The Company

executes arrangements through indirect sales channels via sales agents and distributors in which the indirect sales channels are authorized to market the Company’s software products to end users. In arrangements with sales agents, revenue is recognized on a sell-through basis once an order is received from the end user, collectability from the end user is probable, a signed license agreement from the end user has been received, delivery has been made to the end user and all other revenue recognition criteria have been satisfied. Sales agents are compensated on a commission basis. Distributor arrangements are those in which the resellers are authorized to market and distribute our software products to end users in specified territories and the distributor bears the risk of collection from the end user customer. The Company recognizes revenue from transactions with distributors when the distributor submits a written purchase commitment, collectability from the distributor is probable, a signed license agreement is received from the distributor and delivery has occurred to the distributor, provided that all other revenue recognition criteria have been satisfied. Revenue from distributor transactions is recorded on a net basis (the amount actually received by the Company from the distributor). The Company does

not

offer rights of return, product rotation or price protection to any distributors.

Subscription Revenue Recognition

The Company

recognizes the following fees in subscription revenue: i) subscription fees from customers accessing the Company’s cloud and other subscription offerings, ii) transition fees for services such as set up, configuration, database conversion and migration, and iii) support fees on hosted products. Subscription arrangements do

not

generally provide customers with the right to take possession of the subscribed software.

months.

Subscription services are non-cancelable, though customers typically have the right to terminate their contracts if we materially fail to perform. The Company generally invoices customers in advance in quarterly or annual installments and typical payment terms provide that customers pay the Company within

days of invoice.

The Company

may

enter into multiple

element arrangements that

may

include a combination of subscription offering and other professional services or arrangements that

may

include both software and non-software elements. The Company allocates revenue to each element in an arrangement based on a selling price hierarchy in accordance with ASC

605

25,

Revenue Recognition - Multiple Deliverable Revenue Arrangements

. In order to treat deliverables in a multiple-deliverable arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. The Company evaluates each element in a multiple-element arrangement to determine whether it represents a separate unit of accounting. An element constitutes a separate unit of accounting when the item has standalone value and delivery of any undelivered elements is probable and within the Company’s control. Subscription and support services have standalone value because they are routinely sold separately. Consulting services and other services have standalone value because the Company has sold consulting services separately and there are several

third

party vendors that routinely provide similar consulting services to the Company’s customers on a standalone basis. Relative selling price for a deliverable is based on its VSOE, if available, or Estimated Selling Price (“ESP”), if VSOE is

not

available. The Company has determined that

third

-party evidence (“TPE”) is

not

a practical alternative due to differences in the Company’s service offerings compared to other parties and the availability of relevant

third

-party pricing information. The determination for ESP is made through consultation with and approval by management taking into consideration the go

market strategy. As the Company’s go-to-market strategies evolve, there

may

be modifications of pricing practices in the future, which could result in changes in both VSOE and ESP.

For multiple-element arrangements that

may

include a combination of our subscription offerings and other professional services, the total arrangement fee is allocated to each element based on the VSOE / ESP value of each element. After allocation, the revenue associated with the subscription offering and other professional services are recognized as described above.

Professional Services

Revenue from consulting services, which

the Company calls professional services in the Consolidated Statements of Income and Comprehensive Income, are typically comprised of implementation, development, training or other consulting services sold along with on-premise and cloud Consulting services are generally sold on a time-and-materials basis and can include services ranging from software installation to data conversion and building non-complex interfaces to allow the software to operate in integrated environments. The Company recognizes revenue for time-and-materials as the services are performed or upon written acceptance from customers, if applicable, assuming all other conditions for revenue recognition have been met. Consulting engagements can range anywhere from

one

day to many months and are based strictly on the customer’s requirements and complexities and are independent of the functionality of our software. The Company’s software, as delivered, can generally be used by the customer for the customer’s purpose upon installation. Further, implementation and integration services provided are generally

not

essential to the functionality of the software, as delivered, and do

not

result in any material changes to the underlying software code. On occasion, the Company enters into fixed fee arrangements in which customer payments are tied to achievement of specific milestones. In fixed fee arrangements, revenue is recognized as services are performed as measured by costs incurred to date, as compared to total estimated costs to be incurred to complete the work. In milestone achievement arrangements, revenue is recognized as the respective milestones are achieved.

ADVERTISING EXPENSES

Advertising costs are expensed as incurred. Advertising expenses were

$0.7

million,

$1.1

million and

$0.9

million for fiscal years

2018,

2017

and

2016.

RESEARCH AND DEVELOPMENT

All costs incurred to establish the technological feasibility of the Company’s software products are expensed to research and development (“R&D”) as incurred. R&D expenses totaled

$47.7

million,

$43.6

million and

$41.2

million in fiscal years

2018,

2017

and

2016,

respectively.

OTHER (INCOME) EXPENSE, NET

The components of other (income) expense, net for fiscal

2018,

2017

and

2016

were as follows:

	Years Ended January 31,
	201 8			201 7			201 6
	(in thousands)
Interest income	$	(1,547	)	$	(696	)	$	(320	)
Interest expense		669			670			712
Fore ign exchange losses (gains)		2,466			180			(503	)
Change in fair value of interest rate swap		(377	)		(485	)		48
Other income, net		(77	)		(131	)		(302	)
Total other expense (income), net	$	1,134		$	(462	)	$	(365	)

COMPUTATION OF NET (LOSS) INCOME PER SHARE

Net (loss) income per share of Class A common stock and Class B common stock is computed using the

two

-class method. Holders of Class A common stock are entitled to cash or stock dividends equal to

120%

of the amount of such dividend payable with respect to a share of Class B Common Stock.

The following table sets forth the computation of basic and diluted net (loss) income per share:

	Years Ended January 31,
	2018			2017			2016
	(in thousands, except per share data)
Net (loss) income	$	(9,065	)	$	(15,450	)	$	8,912
Less: dividends declared		(5,367	)		(5,301	)		(5,235	)
Undistributed net (loss) income	$	(14,432	)	$	(20,751	)	$	3,677

Net (loss) income per share – Class A Common Stock
Dividends declared	$	4,596		$	4,531		$	4,466
Allocation of undistributed net (loss) income		(12,358	)		(17,742	)		3,140
Net (loss) income attributable to Class A common stock	$	(7,762	)	$	(13,211	)	$	7,606

Weighted average shares of Class A common stock outstanding — basic		15,942			15,715			15,466
Weighted average potential shares of Class A common stock		—			—			758
Weighted average shares of Class A common stock and potential common shares outstanding — diluted		15,942			15,715			16,224

Basic net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.49
Diluted net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.47
Net (loss) income per share – Class B Common Stock
Dividends declared	$	771		$	770		$	769
Allocation of undistributed net (loss) income		(2,074	)		(3,009	)		537
Net (loss) income attributable to Class B common stock	$	(1,303	)	$	(2,239	)	$	1,306

Weighted average shares of Class B common stock outstanding — basic		3,213			3,206			3,201
Weighted average potential shares of Class B common stock		—			—			82
Weighted average shares of Class B common stock and potential common shares outstanding — diluted		3,213			3,206			3,283

Basic net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.41
Diluted net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.40

’s unvested RSUs, unexercised stock options and unexercised SARs are

not

considered participating securities as they do

not

have rights to dividends or dividend equivalents prior to release or exercise.

The following table sets forth the number of potential common shares

not

included in the calculation of diluted earnings per share because their effects were anti-dilutive:

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Class A		3,236		2,985		528
Class B		380		378		99

RECENT ACCOUNTING PRONOUNCEMENTS

With the exception of those discussed below, there have been

recent changes in accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) or adopted by the Company during the

fiscal year ended

January 31, 2018,

that are of significance, or potential significance, to the Company.

Accounting Standards Adopted

March 2016,

the FASB issued

ASU

2016

regarding ASC Topic

718,

Improvements to Employee Share-Based Payment Accounting

. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. In addition, cash flows related to excess tax benefits will

longer be separately classified as a financing activity apart from other income tax cash flows. The standard also increases the amount of shares an employer can withhold for tax purposes without triggering liability accounting, clarifies that all cash payments made on an employee's behalf for withheld shares should be presented as a financing activity in the statements of cash flows, and provides an entity-wide accounting policy election to account for forfeitures as they occur.

The Company

elected to early adopt the new guidance in the

third

quarter of fiscal year

2017

which required the Company to reflect any adjustments as of

February

2016,

the beginning of the annual period that includes the interim period of adoption. The primary impact of adoption was the recognition of excess tax benefits in the Company’s provision for income taxes rather than paid-in capital for all periods in fiscal year

2017.

Additional amendments to the accounting for income taxes resulted in the recognition of prior year unrealized excess tax benefits. This recognition resulted in an increase to the Company’s deferred tax assets of

$2.2

million, an increase to valuation allowance

$1.2

million and an offset to opening accumulated deficit of

$1.0

million.

The Company

elected to account for forfeitures as they occur using a modified retrospective transition method, which resulted in a cumulative-effect adjustment of

$0.4

million to increase the

February 1, 2016

opening accumulated deficit. Additional amendments to the accounting for minimum statutory withholding tax requirements had

impact to opening accumulated deficit as of

February 1, 2016

as the Company does

not

withhold more than the minimum statutory requirements.

The Company

elected to apply the presentation requirements for cash flows related to excess tax benefits retrospectively to all periods presented which resulted in an increase to net cash provided by operating activities and a decrease to net cash used in financing of

$0.8

million for fiscal

2016.

The presentation requirements for cash flows related to employee taxes paid for withheld shares had

impact to any of the periods presented in the Company’s consolidated cash flows statements since such cash flows have historically been presented as a financing activity.

April 2015,

the FASB issued ASU

2015

Interest - Imputation of Interest (Subtopic

2015

): Simplifying the Presentation of Debt Issuance Costs

which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability instead of being presented as an asset, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are

not

affected by ASU

2015

03.

This ASU is effective for fiscal years beginning after

December 15, 2015,

and interim periods within those fiscal years and is to be implemented retrospectively. The Company adopted the provisions of this ASU in the

first

quarter of fiscal

2017.

Adoption of this ASU did

not

have a material impact on the Company’s consolidated financial statements.

August 2015,

the FASB issued ASU

2015

15,

Interest-Imputation of Interest (Subtopic

835

): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line of Credit Arrangements

, given that the authoritative guidance within ASU

2015

for debt issuance costs does

not

address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff would

not

object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company adopted the provisions of this ASU in the

first

quarter of fiscal

2017.

Adoption of this ASU did

not

have an impact on the Company’s consolidated financial statements.

November 2015,

the FASB issued ASU

2015

17,

Balance Sheet Classification of Deferred Taxes

which requires deferred tax liabilities and assets be presented as noncurrent on the statement of financial position. ASU

2015

will be effective for the Company’s fiscal year beginning

February 1, 2017.

The standard permits the use of either prospective or retrospective application to all periods presented. The Company adopted the provisions of this standard in the

fourth

quarter of fiscal

2017

with prospective application. Adoption of this ASU did

not

have a material impact on the Company’s consolidated financial statements.

Accounting Standards

Not

Yet Adopted

January 2017,

the FASB issued ASU

2017

01,

Business Combinations: Clarifying the Definition of a Business,

which provides a more robust framework to use in determining when a set of assets and activities is a business. The amendments will be effective for the Company’s fiscal year beginning

February 1, 2018.

Early adoption is permitted. The new guidance is required to be applied on a prospective basis. The effect of adoption of ASU

2017

will depend upon the nature of the Company's future acquisitions, if any.

January 2017,

the FASB issued ASU

2017

04,

Intangibles—Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment,

which simplifies the subsequent measurement of goodwill to eliminate Step

from the goodwill impairment test. In addition, it eliminates the requirements for any reporting unit with a

zero

or negative carrying amount to perform a qualitative assessment and, if that fails that qualitative test, to perform Step

of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. The amendments will be effective for the Company’s fiscal year beginning

February 1, 2020.

Early adoption is permitted. The new guidance is required to be applied on a prospective basis. The Company does

not

believe adoption of ASU

2017

will have a material impact on its consolidated financial statements.

October 2016,

the FASB issued ASU

2016

16,

Income Taxes: Intra-Entity Transfers of Assets Other than Inventory

which requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU

2016

will be effective for the Company's fiscal year beginning

February 1, 2018.

The standard is required to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is currently evaluating the accounting, transition, and disclosure requirements of the standard.

February 2016,

the FASB issued ASU

2016

02,

Leases (Topic

842

ASU

2016

requires companies to generally recognize on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. ASU

2016

is effective for the Company in its

first

quarter of fiscal

2020

on a modified retrospective basis and earlier adoption is permitted. The Company is currently evaluating the impact of the pending adoption of ASU

2016

on its consolidated financial statements and currently expects that most of its operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon adoption of ASU

2016

02.

May 2014,

the FASB issued ASU

2014

09,

Revenue from Contracts with Customers (Topic

606

)

(“ASC Topic

606”

), which replaces the existing revenue recognition guidance. The new guidance creates a single, principle-based model for revenue recognition that expands and improves disclosures about revenue. The standard also provides guidance on the recognition of costs related to obtaining customer contracts. The Company does

not

expect the adoption of ASC Topic

606

to have any impact on its total cash flows from operating, investing or financing activities.

The Company is continuing to assess the impact of adopting ASC Topic

606

on its financial position, results of operations and related disclosures. The Company believes the most significant impacts are as follows:

●	Removal of vendor specific objective evidence under current software revenue recognition will result in earlier recognition of license revenues in those instances where the Company sold a multi-element deal where services and/or maintenance did not have vendor specific objective evidence;

●	Removal of the current limitation on contingent revenue will result in revenue being recognized earlier for certain contracts;

●

Commission expense related to new cloud and

first

year maintenance contracts will

longer be expensed as incurred; rather these incremental commission costs and other associated fringe benefits will be capitalized and amortized over the associated term of economic benefit which the Company has determined to be

five

years;

●	Sales agent fees to obtain new cloud and first year maintenance contracts will no longer be expensed as incurred; rather these costs will be capitalized and amortized over the associated term of economic benefit which the Company has determined to be five years; and

●	Cloud environment set up costs will no longer be expensed as incurred; rather these costs will be capitalized and amortized over the associated term of economic benefit which the Company has determined to be five years.

The

two

permitted transition methods under the new standard are the full retrospective method, under which ASC Topic

606

would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown; or the modified retrospective method, under which the cumulative effect of applying ASC Topic

606

would be recognized at the date of initial application. ASC Topic

606

is effective for fiscal years, and interim periods within those years, beginning after

December 15, 2017.

The Company adopted ASC Topic

606

starting on

February 1, 2018

and elected the modified retrospective transition approach.

The adoption of ASC Topic

606

will impact the opening consolidated balance sheet on

February 1, 2018,

for contingent revenue and license revenue, by decreasing accumulated deficit with a corresponding increase to contract assets and a decrease in deferred revenue. In addition, the impact to commissions, sales agent fees and set up costs will result in a decrease to accumulated deficit, offset by an increase in current and other assets. The Company is currently finalizing these opening balance sheet adjustments including completing the transition internal controls review. The Company expects the largest opening balance sheet adjustment will be the capitalization of commission expense.

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Note 2 - Fair Value Measurements

12 Months Ended

Jan. 31, 2018

Fair Value, Measurement Inputs, Disclosure [Text Block]

FAIR VALUE MEASUREMENTS

When determining fair value, the Company uses a

three

-tier value hierarchy which prioritizes the inputs used in measuring fair value. Whenever possible, the Company uses observable market data. The Company relies on unobservable inputs only when observable market data is

not

available. Classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

• Level

- Money market mutual funds are recorded at fair value based upon quoted market prices.

• Level

- The asset or liability related to the interest rate swap is recorded at fair value based upon a valuation model that uses relevant observable market inputs at quoted intervals, such as forward yield curves.

The following table sets forth the financial assets and liabilities, measured at fair value, as of

January 31, 2018

and

January 31, 2017:

	Fair value measurement at reporting date using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in thousands)
Money market mutual funds as of January 31, 2018	$	115,416
Money market mutual funds as of January 31, 2017	$	116,043
Asset related to the interest rate swap as of January 31, 2018			$	187
Liability related to the interest rate swap as of January 31, 2017			$	(190	)

Money market mutual funds are classified as part of “Cash and equivalents” in the accompanying Consolidated Balance Sheets. The amount of cash and equivalents

deposited with commercial banks was

$32

million and

$29

million as of

January 31, 2018

and

January 31, 2017,

respectively.

The Company

’s note payable bears a variable market interest rate commensurate with the Company’s credit standing. Therefore, the carrying amount outstanding under the note payable reasonably approximates fair value based on Level

inputs.

There have been

transfers between fair value measurements levels during the

12 months ended

January 31, 2018.

Derivative Instruments

The Company entered into an interest rate swap in

May 2012

to mitigate the exposure to the variability of

one

month LIBOR for its floating rate debt described in Note

“Debt” within these Notes to Consolidated Financial Statements. The fair value of the interest rate swap is reflected as an asset or liability in the Consolidated Balance Sheets and the change in fair value is reported in “Other (income) expense, net” in the Consolidated Statements of Operations and Comprehensive (Loss) Income. The fair value of the interest rate swap is estimated as the net present value of projected cash flows based upon forward interest rates at the balance sheet date.

The fair values of the derivative instrument at

January 31, 2018

and

January 31, 2017

were as follows (in thousands):

	Asset (Liability)
		Fair Value
	Balance Sheet Location	January 31, 2018		January 31, 2017
Derivative instrument:
Interest rate swap	Other assets (liabilities) net	$	187	$	(190	)
Total		$	187	$	(190	)

The change in fair value of the interest rate swap recognized in the Consolidated Statement of Operations and Comprehensive (Loss) Income for the

twelve

months ended

January 31, 2018,

2017

and

2016

was

$377,000,

$485,000

and $(

48,000

), respectively.

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Note 3 - Income Taxes

12 Months Ended

Jan. 31, 2018

Income Tax Disclosure [Text Block]

INCOME TAXES

December 22, 2017,

the United States signed into law The Tax Cuts and Job Act, (the “Tax Act”), which imposes a repatriation tax on accumulated earnings of foreign subsidiaries, implements a territorial tax system together with a current tax on accumulated foreign earnings and lowers the general corporate income tax rate to

21%.

The Tax Act requires the Company to pay a

one

-time deemed repatriation income tax on the net accumulated earnings of its foreign subsidiaries at a tax rate of

15.5%.

The Tax Act significantly changes how the U.S. taxes corporations. The Tax Act requires complex computations to be performed that were

not

previously required, significant judgments to be made and significant estimates in calculations. The U.S. Treasury Department, the IRS, and other standard-setting bodies could interpret or issue guidance on how provisions of the Tax Act will be applied or otherwise administered that is different from the Company’s interpretation. Staff Accounting Bulletin

No.

118

Income Tax Accounting Implications of the Tax Cuts and Jobs Act

(“SAB

118”

), allows companies to record provisional amounts during a measurement period

not

to extend beyond

one

year of the enactment date. The Company's accounting for the Tax Act will be completed within the measurement period provided by SAB

118.

The Company recorded an estimated

one

-time deemed repatriation tax of

$10

million on its foreign subsidiaries estimated net accumulated earnings of

$64

million. This additional income tax expense was partially offset by net operating losses of

$5.6

million, R&D tax credits of

$1.6

million, and foreign tax credits of

$4.1

million that were generated by the deemed repatriation. The Tax Act increased the Company’s U.S. estimated tax liability by

$2.0

million. This estimated tax liability

may

be paid over

eight

years in interest free installments or the Company

may

elect to pay the entire net tax liability in fiscal

2019.

Management has

not

determined which payment method to use.

Consolidated net (loss)/income before income taxes is summarized as follows:

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Domestic net (loss) income before income taxes	$	(4,793	)	$	(3,774	)	$	(7,835	)
Foreign net (loss) income before income taxes		585			7,600			18,371
Consolidated net (loss) income before income taxes	$	(4,208	)	$	3,826		$	10,536

Income tax expense (benefit) is summarized as follows:

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Current:
U.S. federal	$	2,862		$	437		$	(1,656	)
State		38			30			26
Foreign		2,433			3,894			2,591
Subtotal		5,333			4,361			961
Deferred:
U.S. federal		(519	)		11,564			(956	)
State		19			3,610			303
Foreign		24			(348	)		63
Subtotal		(476	)		14,826			(590	)
Equity adjustment		—			89			1,253
Total	$	4,857		$	19,276		$	1,624

Actual income tax expense differs from that obtained by applying the statutory federal income tax rate of

34%

to income before income taxes as follows:

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Computed expected tax expense (benefit)	$	(1,431	)	$	1,301		$	3,582
State income taxes, net of federal income tax expense		(157	)		(54	)		252
Incremental tax expense (benefit) from foreign operations		923			137			(2,548	)
Non-deductible equity compensation		(1,004	)		(29	)		254
Foreign withholding taxes		794			676			968
Net change in valuation allowance		5,448			16,861			2,564
Net change in contingency reserve		(81	)		198			(379	)
Non-deductible expenses		(407	)		660			621
Benefit of tax credits		(1,766	)		(1,243	)		(3,186	)
Subpart F income		302			345			254
Rate change impact		187			19			193
Benefit from liquidation utilized		—			—			(1,321	)
U.S. Tax Reform (the “Tax Act”)		1,951			—			—
Other		98			405			370
Total	$	4,857		$	19,276		$	1,624

The Company files U.S. federal, state, and foreign tax returns that are subject to audit by various tax authorities. The Company is currently under audit in:

●

India for fiscal years ended

March 31, 2010,

2011,

2013,

and

2014

●

Iowa for fiscal year ended

January 31, 2014

●

Kentucky for fiscal year ended

January 31, 2016

●

Netherlands for fiscal year ended

January 31, 2016

During fiscal

2018,

the Company closed the following audits with small or

adjustment:

●

India for fiscal years ended

March 31, 1998,

1999

and

2015

●

China for calendar years ended

December 31, 2015

and

2016

As of

January 31, 2018,

with the mandatory deemed repatriation and the understanding that most of the Company’s overseas cash is maintained by QAD Ireland, the Company continues to maintain its permanently reinvestment assertion under APB

for all of its foreign subsidiaries as it relates to withholding taxes, state taxes and currency gains and losses. These permanently reinvested earnings are approximately

$81

million at

January 31, 2018.

It is

not

practicable for the Company to determine the amount of the related unrecognized deferred income tax liability.

35%

21%

for years after

2017.

Accordingly, the Company has remeasured its deferred taxes as of

January 31, 2018

to reflect the reduced rate.

Significant components of the Company

’s deferred tax assets and liabilities are as follows:

	January 31,
	2018			2017
	(in thousands)
Deferred tax assets:
Allowance for doubtful accounts and sales adjustments	$	367		$	356
Accrued vacation		1,590			2,033
Tax credits		18,583			13,116
Deferred revenue		3,493			3,465
Net operating loss carry forwards		10,337			10,255
Accrued expenses - other		1,849			1,695
Other comprehensive income		1,164			—
Section 263(a) interest capitalization		206			322
Equity compensation		4,380			5,399
Other		1,243			2,039
Total deferred tax assets		43,212			38,680
Less valuation allowance		(33,665	)		(29,868	)
Less netting of unrecognized tax benefits against deferred tax assets		(930	)		(954	)
Deferred tax assets, net of valuation allowance	$	8,617		$	7,858
Deferred tax liabilities:
Depreciation and amortization		(442	)		(630	)
Other comprehensive income		—			(1,009	)
Other		(231	)		(53	)
Total deferred tax liabilities		(673	)		(1,692	)
Total net deferred tax assets	$	7,944		$	6,166

The Company reviews its net deferred tax assets by jurisdiction on a quarterly basis to determine whether a valuation allowance is necessary based on the more-likely-than-

not

standard. Management assessed historic, current and future financial projections by jurisdiction to draw its conclusion. During fiscal

2017,

a valuation allowance for U.S. federal and state deferred income tax assets was established due to a U.S.

three

-year cumulative loss, a projected loss, future earmarked investment necessary to transition the business to cloud, and a significant drop in the California apportionment percentage. In fiscal

2018,

Management continued to conclude the Company’s U.S. federal and state deferred income tax assets are

not

likely to be realized. If and when the Company’s operating performance improves on a sustained basis, the conclusion regarding the need for a valuation allowance could change, resulting in the reversal of some or all of the valuation allowance in the future. At

January 31, 2018

and

2017,

the valuation allowance attributable to deferred tax assets was

$33.7

million and

$29.9

million, respectively.

The Company has gross net operating loss carryforwards of

$36.7

million and tax credit carryforwards of

$20.2

million as of

January 31, 2018.

The majority of the Company’s net operating loss carryforwards do

not

expire. The Company’s tax credits are comprised of foreign tax credits that will begin to expire in fiscal year

2028,

U.S. R&D credits that will begin to expire in

2038

and Australian and California R&D tax credits that do

not

expire.

During the fiscal year ended

January 31, 2018,

the Company decreased its reserves for uncertain tax positions by

$0.1

million. Interest and penalties on accrued but unpaid taxes are classified in the Consolidated Statements of Operations and Comprehensive (Loss) Income as income tax expense. The liability for unrecognized tax benefits that

may

be recognized in the next

twelve

months is classified as short-term in the Company

’s Consolidated Balance Sheet while the remainder is classified as long-term.

The following table reconciles the gross amounts of unrecognized tax benefits at the beginning and end of the period:

	Years Ended January 31,
	2018			2017
	(in thousands)
Unrecognized tax benefits at beginning of the year	$	1,743		$	1,545
Decreases as a result of tax positions taken in a prior period		(115	)		(79	)
Increases as a result of tax positions taken in the prior period		58			365
Reduction as a result of a lapse of the statute of limitations		(24	)		(88	)
Unrecognized tax benefit at end of year	$	1,662		$	1,743

All of the unrecognized tax benefits included in the balance sheet at

January 31, 2018

would impact the effective tax rate on income from continuing operations, if recognized.

The total amount of interest recognized in the Consolidated Statement of Operations and Comprehensive (Loss) Income for unpaid taxes was

$39,000

for the year ended

January 31, 2018.

The total amount of interest and penalties recognized in the Consolidated Balance Sheet at

January 31, 2018

was

$0.3

million.

The Company files U.S. federal, state, and foreign income tax returns in jurisdictions with varying statute of limitations. The years that

may

be subject to examination will vary by jurisdiction. Below is a list of our material jurisdictions and the years open for audit as of fiscal

2018:

Jurisdiction	Years Open for Audit
U.S. Federal	FY15 and beyond
California	FY14 and beyond
Michigan	FY14 and beyond
New Jersey	FY14 and beyond
Australia	FY14 and beyond
France	FY15 and beyond
India	FY10, FY11, FY13, and FY14
Ireland	FY14 and beyond
United Kingdom	FY17 and beyond

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Note 4 - Stockholders' Equity

12 Months Ended

Jan. 31, 2018

Stockholders' Equity Note Disclosure [Text Block]

STOCKHOLDERS

’ EQUITY

Common Stock

The Company has

two

classes of common stock. Each share of Class B Common Stock entitles the holder to

one

vote and each share of Class A Common Stock entitles the holder to

1/20th

one

vote. On all matters, the Class A Common Stock and the Class B Common Stock will vote as a single class, except as otherwise required by applicable law or the articles of incorporation. Neither the Class A Common Stock nor the Class B Common Stock are convertible into the other, unless either or both classes becomes subject to exclusion from the principal national securities exchange on which such securities are traded, in which case all outstanding shares of Class A Common Stock

may

be converted into shares of Class B Common Stock on a share-for-share basis by resolution of the Board of Directors. There are

restrictions on the transferability of either class.

The amount of any dividend payable in cash or non-cash property of the Company (other than a dividend payable solely in the Company

’s capital stock) with respect to each share of Class A Common Stock is equal to

120%

of the value of any such dividend payable with respect to a share of Class B Common Stock, except for dividends declared for the purpose of distributing all or some of the proceeds received by the Company from any transaction determined by the Board to be a material transaction

not

in the ordinary course of business or for the purpose of effecting a spin-off of a subsidiary of the Company (in either case, such dividend will be paid ratably, on a per share basis, to all holders of Common Stock).

Dividends

The following table sets forth the dividends declared and paid by the Company during fiscal

2018:

Declaration Date	Record Date	Payable	Dividend Class A		Dividend Class B		(in thousands)
12 /12/2017	12/26/2017	1/4/2018	$	0.072	$	0.06	$	1,346
9/12/2017	9/26/2017	10/3/2017	$	0.072	$	0.06	$	1,346
6/13/2017	6/27/2017	7/6/2017	$	0.072	$	0.06	$	1,344
4/11/2017	4/25/2017	5/2/2017	$	0.072	$	0.06	$	1,331

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Note 5 - Stock-based Compensation

12 Months Ended

Jan. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

STOCK-BASED COMPENSATION

Stock Plans

June 14, 2016,

the stockholders approved the QAD Inc.

2016

Stock Incentive Program (

“2016

Program”). The

2016

Program allows for equity awards in the form of incentive stock options, non-statutory stock options, restricted shares, rights to purchase stock, stock appreciation rights (“SARs”) and other stock rights. The stockholders authorized a maximum of

4,000,000

shares to be issued under the

2016

Program. Prior to

July 1, 2016,

stock awards were issued under the QAD Inc.

2006

Stock Incentive Program. As of

January 31, 2018,

3,321,000

Class A Common Shares were available for issuance.

The Company issues restricted stock units (“RSUs”) to employees with the exception of the CEO and President of the Company. RSUs granted to employees under the

2016

Program and

2006

Program are generally released

25%

after each year of service for

four

years and are contingent upon employment with the Company on the release date. Stock-based compensation is typically issued out of treasury shares. At

January 31, 2018,

there were

281,000

RSUs of Class A Common Stock outstanding under the

2016

Program and

372,000

RSUs of Class A Common Stock outstanding under the

2006

Program.

’s common stock equal to the intrinsic value of the SAR at time of exercise. Under the

2006

Program, SARs have generally been granted for a term of

eight

years, they generally vest

25%

after each year of service for

four

years and are contingent upon employment with the Company on the vesting date. Economically, a stock-settled SAR provides the same compensation value as a stock option, but the employee is

not

required to pay an exercise price upon exercise of the SAR. Stock compensation expense, as required under ASC

718,

is the same for stock-settled SARs and stock options. At

January 31, 2018,

there were

380,000

SARs to purchase Class A Common Stock under the

2016

Program. At

January 31, 2018,

there were

2,276,000

and

368,000

SARs to purchase Class A Common Stock and Class B Common Stock, under the

2006

Program, respectively.

Equity compensation is also issued to non-employee Board members that are newly-appointed or reelected at the Annual Meeting of Stockholders.

They are granted Class A shares as stock payments that are fully vested on the date of grant. Equity awards to non-employee Board members are limited to

$250,000

per year, as determined for the Company’s financial accounting purposes as of the date of grant.

Under the

2016

Program, officers, directors, employees, consultants and other independent contractors or agents of the Company or subsidiaries of the Company who are responsible for or contribute to the management, growth or profitability of its business are eligible for selection by the program administrators to participate. However, incentive stock options granted under the

2016

Program

may

only be granted to a person who is an employee of the Company or

one

of its subsidiaries.

Stock- Based Compensation

The following table sets forth reported stock compensation expense included in the Company

’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the fiscal years ended

January 31, 2018,

2017

and

2016:

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Stock-based compensation expense:
Cost of subscription	$	161	$	113	$	76
Cost of maintenance and other revenue		384		299		271
Cost of professional services		1,085		848		739
Sales and marketing		1,510		1,200		1,377
Research and development		1,226		1,009		900
General and administrative		4,558		3,854		4,077
Total stock-based compensation expense	$	8,924	$	7,323	$	7,440

RSU Information

The following table summarizes the activity for RSUs for the fiscal years ended

January 31, 2018,

2017

and

2016:

	RSUs (in thousands)			Weighted Average Grant Date Fair Value
Restricted stock at January 31, 2015		503		$	16.27
Granted		326			24.75
Released (1)		(192	)		15.58
Forfeited		(20	)		18.93
Restricted stock at January 31, 2016		617		$	20.91
Granted		307			18.54
Released (1)		(259	)		18.96
Forfeited		(42	)		20.69
Restricted stock at January 31, 2017		623		$	20.56
Granted		295			30.69
Released (1)		(245	)		20.48
Forfeited		(20	)		22.36
Restricted stock at January 31, 2018		653		$	25.10

(

)

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, 2018,

2017

and

2016,

the Company withheld

74,000

shares,

75,000

shares and

52,000

shares, respectively, for payment of these taxes. The value of the withheld shares for the fiscal years ended

January 31, 2018,

2017

and

2016

were

$2.4

million,

$1.5

million and

$1.4

million, respectively.

Total unrecognized compensation cost related to RSUs was approximately

$12.5

million as of

January 31, 2018.

This cost is expected to be recognized over a period of approximately

2.7

years.

SAR Information

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

	Years Ended January 31,
	2018			2017			2016
Expected life in years		5.50			5.25			5.00
Risk free interest rate		1.82	%		1.16	%		1.64	%
Volatility		33	%		36	%		41	%
Dividend rate		0.91	%		1.51	%		1.10	%

The following table summarizes the activity for outstanding SARs for the fiscal years ended

January 31, 2018,

2017

and

2016:

	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, 2015		2,499		$	12.69
Granted		380			25.34
Exercised		(266	)		10.69
Expired		(12	)		14.22
Forfeited		(5	)		12.05
Outstanding at January 31, 2016		2,596		$	14.74
Granted		380			18.64
Exercised		(158	)		10.94
Expired		(17	)		12.56
Forfeited		(8	)		12.09
Outstanding at January 31, 2017		2,793		$	15.51
Granted		380			31.65
Exercised		(139	)		10.52
Expired		(10	)		9.74
Outstanding at January 31, 2018		3,024		$	17.78		4.0	$	72,901
Vested and exercisable at January 31, 2018		2,073		$	14.25		2.9	$	57,045

The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the aggregate difference between the closing stock price of the Company

’s common stock based on the last trading day as of

January 31, 2018

and the exercise price for in-the-money SARs) that would have been received by the holders if all SARs had been exercised on

January 31, 2018.

The total intrinsic value of SARs exercised in the years ended

January 31, 2018,

2017

and

2016

was

$3.0

million,

$2.1

million and

$3.7

million, respectively. The weighted average grant date fair value per share of SARs granted in the years ended

January 31, 2018,

2017

and

2016

was

$9.59,

$5.43

and

$8.70,

respectively.

The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the fiscal years ended

January 31, 2018,

2017

and

2016,

the Company withheld shares

31,000,

25,000

and

44,000

shares for payment of these taxes. The value of the withheld shares for the fiscal years ended

January 31, 2018,

2017

and

2016

were

$1.0

million,

$0.6

million and

$1.1

million, respectively.

January 31, 2018,

there was approximately

$5.7

million of total unrecognized compensation cost related to unvested SARs. This cost is expected to be recognized over a weighted average period of approximately

2.6

years.

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Note 6 - Deferred Revenues

12 Months Ended

Jan. 31, 2018

Deferred Revenue Disclosure [Text Block]

DEFERRED REVENUES

Deferred revenues consisted of the following:

	January 31,
	201 8		201 7
	(in thousands)
Deferred maintenance	$	80,811	$	78,923
Deferred subscription		31,034		20,389
Deferred professional services		3,523		2,550
Deferred license		756		1,740
Deferred other revenue		569		523
Deferred revenues, current		116,693		104,125
Deferred revenues, non-current (in Other liabilities)		2,156		2,353
Total deferred revenues	$	118,849	$	106,478

Deferred maintenance and subscription represent

billings and customer payments made in advance for support and subscription contracts. Support and subscription are billed in advance with corresponding revenues being recognized ratably over the support and subscription periods. Support is typically billed annually while subscription is billed quarterly or annually. Deferred license results from undelivered products or specified enhancements, customer specific acceptance provisions and software license transactions that cannot be segmented from undelivered consulting or other services. Deferred professional services revenues represent both prepayments for our professional services where revenues for these services are generally recognized as the Company completes the performance obligations for the prepaid services and services already provided but deferred due to software revenue recognition rules.

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Note 7 - Other Balance Sheet Accounts

12 Months Ended

Jan. 31, 2018

Other Balance Sheet Accounts [Text Block]

OTHER BALANCE SHEET ACCOUNTS

	January 31,
	201 8		201 7
	(in thousands)
Other current assets
Deferred cost of revenues	$	8,330	$	8,194
Prepaid expenses		5,847		4,879
Income tax receivable, net of payables		213		928
Other		1,466		1,350
	$	15,856	$	15,351
Other assets, net
Other intangibles, net	$	—	$	415
Long-term deposits and prepaid expenses		2,463		1,323
Fair value of interest rate swap		187		—
Other long-term assets		405		950
	$	3,055	$	2,688
Accounts payable
Trade payables	$	9,346	$	7,392
VAT payable		5,472		3,924
	$	14,818	$	11,316
Other current liabilities
Accrued commissions and bonus	$	18,039	$	13,449
Accrued compensated absences		9,177		8,346
Other accrued payroll		6,038		4,477
Accrued professional fees		1,884		1,709
Accrued travel		1,839		1,304
Accrued contract labor		2,655		812
Other current liabilities		3,828		3,539
	$	43,460	$	33,636
Other liabilities
Long-term deferred revenue	$	2,156	$	2,353
Fair value of interest rate swap		—		190
Long-term tax contingency reserve		688		764
Lease restoration obligations		859		736
Other		1,736		871
	$	5,439	$	4,914

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Note 8 - Debt

12 Months Ended

Jan. 31, 2018

Debt Disclosure [Text Block]

DEBT

	January 31,
	2018				2017
	(in thousands)
Note payable	$	13,825		$	14,269
Less current maturities		(466	)		(446	)
Less loan origination costs, net		(46	)		(56	)
Long-term debt	$	13,313		$	13,767

Note Payable

Effective

May 30, 2012,

QAD Ortega Hill, LLC entered into a variable rate credit agreement (the

“2012

Mortgage”) with Rabobank, N.A., to refinance a pre-existing mortgage. The

2012

Mortgage has an original principal balance of

$16.1

million and bears interest at the

one

month LIBOR rate plus

2.25%.

One month LIBOR was

1.56

% at

January 31, 2018.

The

2012

Mortgage matures in

June 2022

and is secured by the Company

’s headquarters located in Santa Barbara, California. In conjunction with the

2012

Mortgage, QAD Ortega Hill, LLC entered into an interest rate swap with Rabobank, N.A. The swap agreement has an initial notional amount of

$16.1

million and a schedule matching that of the underlying loan that synthetically fixes the interest rate on the debt at

4.31%

for the entire term of the

2012

Mortgage. The terms of the

2012

Mortgage provide for QAD Ortega Hill, LLC to make net monthly payments of

$88,100

consisting of principal and interest and

one

final payment of

$11.7

million. The unpaid balance as of

January 31, 2018

was

$13.8

million.

The Company had a U.S. line of credit facility with Rabobank that permitted unsecured short-term borrowings of up to

$20

million. The Company did

not

draw on the line of credit during any of the last

three

fiscal years. The line of credit expired in

July, 2017

and was

not

renewed.

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Note 9 - Accumulated Other Comprehensive Loss

12 Months Ended

Jan. 31, 2018

Accumulated Other Comprehensive Income (Loss) [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss, net of taxes, were as follows:

	Foreign Currency Translation Adjustments
	(in thousands)
Balance as of January 31, 2017	$	(8,631	)
Other comprehensive loss before reclassifications		1,803
Amounts reclassified from accumulated other comprehensive loss		—
Net current period other comprehensive loss		1,803
Balance as of January 31, 2018	$	(6,828	)

During fiscal

2018

there were

reclassifications from accumulated other comprehensive loss.

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Note 10 - Employee Benefit Plans	12 Months Ended
Note 10 - Employee Benefit Plans	Jan. 31, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	10. EMPLOYEE BENEFIT PLANS The Company has a defined contribution 401 (k) plan which is available to U.S. employees after 30 days of employment. Employees may contribute up to the maximum allowable by the Internal Revenue Code. The Company voluntarily matches 75% of the employees ’ contributions up to the first four percent of the employee’s eligible compensation. In addition, the Company can make additional contributions at the discretion of the board of directors. Participants are immediately vested in their employee contributions. Employer contributions vest over a five -year period. The Company’s contributions for fiscal years 2018, 2017 and 2016 were $2.2 million, $2.1 million and $1.8 million, respectively. Various QAD foreign subsidiaries also contribute to defined contribution pension plans. Employer contributions in these plans are generally based on employee salary and range from 3% to 20%. These plans are funded at various times throughout the year according to plan provisions, with aggregate employer contributions of $5.3 million for fiscal 2018 and $4.8 million for each of the fiscal years 2017 and 2016.

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Note 11 - Commitments and Contingencies

12 Months Ended

Jan. 31, 2018

Commitments and Contingencies Disclosure [Text Block]

11.

COMMITMENTS AND CONTINGENCIES

Lease Obligations

2018,

2017

and

2016

was

$4.9

million,

$4.9

million and

$5.0

million, respectively. Future minimum rental payments under non-cancelable operating lease commitments with terms of more than

one

year as of

January 31, 2018

are as follows (in millions):

2019	$	6.0
2020		4.3
2021		2.5
2022		0.8
2023		0.5
Thereafter		0.2
	$	14.3

Purchase Obligations

January 31,

2018,

the Company had

$13.0

million of other non-cancelable contractual obligations, related to the purchase of goods and services

not

included in the table above.

Indemnifications

may

be awarded against the customer in the event the Company

’s software is found to infringe upon certain intellectual property rights of a

third

party. The agreements generally limit the scope of and remedies for such indemnification obligations in a variety of industry-standard respects.

Legal Actions

not

believe that the outcome of any of these legal matters will have a material adverse effect on the Company

’s consolidated results of operations, financial position or liquidity.

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Note 12 - Business Segment Information

12 Months Ended

Jan. 31, 2018

Segment Reporting Disclosure [Text Block]

12.

BUSINESS SEGMENT INFORMATION

four

geographic regions: North America; Europe, the Middle East and Africa (“EMEA”); Asia Pacific; and Latin America and through distributors where

third

parties can extend sales reach more effectively or efficiently. The North America region includes the United States and Canada. The EMEA region includes Europe, the Middle East and Africa. The Asia Pacific region includes Asia and Australia. The Latin America region includes South America, Central America and Mexico. The Company

’s Chief Operating Decision Maker, the Chief Executive Officer, reviews the consolidated results within

one

operating segment.

Subscription, license and m

aintenance revenues are generally assigned to the region where a majority of the end users are located. Services revenue is assigned based on the region where the services are delivered.

roperty and equipment, net are assigned by geographic region based on the location of each legal entity.

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Revenue:
North America (1)	$	141,614	$	129,436	$	127,776
EMEA		89,693		81,765		84,268
Asia Pacific		50,689		47,742		46,457
Latin America		23,022		19,030		19,351
	$	305,018	$	277,973	$	277,852

	January 31,
	2018		2017
	(in thousands)
Property and equipment, net:
North America	$	25,546	$	26,601
EMEA		3,444		2,861
Asia Pacific		1,141		1,075
Latin America		277		335
	$	30,408	$	30,872

(

)

Sales into Canada accounted for

of North America total revenue for each of the fiscal years

201

2017

and

2016.

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Note 13 - Quarterly Information (Unaudited)

12 Months Ended

Jan. 31, 2018

Quarterly Financial Information [Text Block]

13.

QUARTERLY INFORMATION (Unaudited)

	Quarters Ended
	April 30			July 31			Oct. 31			Jan. 31
	(in thousands, except per share data)
Fiscal 2018
Total revenue	$	71,382		$	75,958		$	76,925		$	80,753
Total costs and expenses		72,741			75,415			76,495			83,441
Gross margin		36,516			39,264			38,879			40,934
Operating (loss) income		(1,359	)		543			430			(2,688	)
Net loss		(2,571	)		(1,161	)		(161	)		(5,172	)
Basic net loss per share
Class A	$	(0.14	)	$	(0.06	)	$	(0.01	)	$	(0.28	)
Class B		(0.12	)		(0.05	)		(0.01	)		(0.23	)
Diluted net loss per share
Class A	$	(0.14	)	$	(0.06	)	$	(0.01	)	$	(0.28	)
Class B		(0.12	)		(0.05	)		(0.01	)		(0.23	)
Fiscal 2017
Total revenue	$	65,397		$	69,778		$	69,534		$	73,264
Total costs and expenses		68,390			69,816			67,275			69,128
Gross margin		33,259			36,974			36,477			40,412
Operating (loss) income		(2,993	)		(38	)		2,259			4,136
Net (loss) income		(2,792	)		968			1,533			(15,159	)
Basic net (loss) income per share
Class A	$	(0.15	)	$	0.05		$	0.08		$	(0.82	)
Class B		(0.13	)		0.04			0.07			(0.68	)
Diluted net (loss) income per share
Class A	$	(0.15	)	$	0.05		$	0.08		$	(0.82	)
Class B		(0.13	)		0.04			0.07			(0.68	)

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Schedule II - Schedule of Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2018

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II

SCHEDULE OF VALUATION AND QUALIFYING ACCOUNTS
(in thousands)

	Balance at Beginning of Period		Charged to Statements of Income		Write-Offs, Net of Recoveries			Impact of Foreign Currency Translation			Balance at End of Period
Year ended January 31, 2016
Allowance for bad debt		1,194		78		(5	)		(25	)		1,242
Allowance for sales adjustments		1,330		696		(555	)		(71	)		1,400
Total allowance for doubtful accounts	$	2,524	$	774	$	(560	)	$	(96	)	$	2,642
Year ended January 31, 2017
Allowance for bad debt		1,242		40		(184	)		(8	)		1,090
Allowance for sales adjustments		1,400		197		(472	)		(10	)		1,115
Total allowance for doubtful accounts	$	2,642	$	237	$	(656	)	$	(18	)	$	2,205
Year ended January 31, 2018
Allowance for bad debt		1,090		98		(834	)		42			396
Allowance for sales adjustments		1,115		923		(733	)		62			1,367
Total allowance for doubtful accounts	$	2,205	$	1,021	$	(1,567	)	$	104		$	1,763

See accompanying report of independent registered public accounting firm.

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Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2018

Accounting Policies [Abstract]

Business Description [Policy Text Block]

BUSINESS

1979,

incorporated in California in

1986

and reincorporated in Delaware in

1997.

Consolidation, Policy [Policy Text Block]

PRINCIPLES OF CONSOLIDATION

Use of Estimates, Policy [Policy Text Block]

USE OF ESTIMATES

Foreign Currency Transactions and Translations Policy [Policy Text Block]

FOREIGN CURRENCY TRANSLATIONS AND TRANSACTIONS

The financial position and results of operations of the Company

Gains and losses resulting from foreign currency transactions and remeasurement adjustments of monetary assets and liabilities

not

held in an entity

’s functional currency are included in earnings. Foreign currency transaction and remeasurement losses (gains) for fiscal

2018,

2017

and

2016

totaled

$2.5

million,

$0.2

million and $(

0.5

) million, respectively, and are included in “Other (income) expense, net” in the accompanying Consolidated Statements of Operations and Comprehensive (Loss) Income.

Cash and Cash Equivalents, Policy [Policy Text Block]

CASH AND EQUIVALENTS

Cash and equivalents consist of cash and short-term marketable securities with maturities of less than

days at the date of purchase. The Company considers all highly liquid investments purchased with an original maturity of

days or less to be cash equivalents. At

January 31,

2018

and

2017,

the Company’s cash and equivalents consisted of money market mutual funds invested in U.S. Treasury and government securities, deposit accounts and certificates of deposit.

Receivables, Policy [Policy Text Block]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consisted of the following as of

January 31:

	2018			2017
	(in thousands)
Accounts receivable	$	85,281		$	71,647
Less allowance for:
Doubtful accounts		(396	)		(1,090	)
Sales adjustments		(1,367	)		(1,116	)
Accounts receivable, net	$	83,518		$	69,441

Trade accounts receivable are recorded at the invoiced amount and do

not

bear interest. The collectability of accounts receivable is reviewed each period by analyzing balances based on age. Specific allowances are recorded for any balances that the Company determines

may

not

be fully collectible due to a customer

January 31, 2017

allowance for doubtful accounts included

$0.7

million related to a fully reserved customer account. During fiscal

2018

the collections legal process was exhausted and the

$0.7

million allowance for doubtful accounts was removed from the balance sheet, with a corresponding decrease in accounts receivable.

The Company does

not

generally provide a contractual right of return; however, in the course of business

sales adjustments related to customer dispute resolution

may

Financial Instruments and Concentration of Credit Risk [Policy Text Block]

FINANCIAL INSTRUMENTS AND CONCENTRATION OF CREDIT RISK

The carrying amounts of cash and equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturities of these instruments. The Company

single customer accounted for

10%

or more of the Company

’s total revenue in any of the last

three

fiscal years. In addition,

single customer accounted for

10%

or more of accounts receivable at

January 31, 2018

2017.

Property, Plant and Equipment, Policy [Policy Text Block]

PROPERTY AND EQUIPMENT

three

years for computer equipment and software,

five

years for furniture and office equipment,

years for building improvements, and

years for buildings. Leasehold improvements are depreciated over the shorter of the lease term or the useful life of

five

years.

Property and equipment, net consisted of the following as of

January 31:

	2018			2017
	(in thousands)
Buildings and building improvements	$	32,444		$	31,979
Computer equipment and software		17,312			16,027
Furniture and office equipment		7,632			6,748
Leasehold improvements		6,677			5,984
Land		3,850			3,850
Automobiles		54			54
		67,969			64,642
Less accumulated depreciation and amortization		(37,561	)		(33,770	)
	$	30,408		$	30,872

The changes in property and equipment, net, for the fiscal years ended

January 31

were as follows:

	2018			2017
	(in thousands)
Cost
Balance at February 1	$	64,642		$	64,925
Additions		3,720			3,267
Disposals		(1,874	)		(3,258	)
Impact of foreign currency translation		1,481			(292	)
Balance at January 31		67,969			64,642

Accumulated depreciation
Balance at February 1		(33.770	)		(32,845	)
Depreciation		(4,562	)		(4,326	)
Disposals		1,719			3,211
Impact of foreign currency translation		(948	)		190
Balance at January 31		(37,561	)		(33,770	)
Property and equipment, net at January 31	$	30,408		$	30,872

Depreciation and amortization expense of property and equipment for fiscal

2018,

2017

and

2016

was

$4.6

million,

$4.3

million, and

$4.0

million, respectively. There was

impairment of property and equipment assets during fiscal

2018,

2017

and

2016.

Capitalization of Software Costs, Policy [Policy Text Block]

CAPITALIZED SOFTWARE COSTS

third

parties or through business combinations as acquired software technology, if the related software under development has reached technological feasibility.

The amortization of capitalized software costs is the greater of the straight-line basis over

three

Operations and Comprehensive (Loss) Income.

Capitalized software costs and accumulated amortization at

January 31

were as follows:

	2018			2017
	(in thousands)
Capitalized software costs:
Acquired software technology	$	—		$	3,458
Capitalized software development costs		1,516			748
		1,516			4,206
Less accumulated amortization		(526	)		(3,474	)
Capitalized software costs, net	$	990		$	732

Acquired software technology costs relate to technology purchased from the Company

’s fiscal

2013

acquisitions of DynaSys and CEBOS. In addition to the acquired software technology, the Company has capitalized costs related to translations and localizations of QAD Enterprise Applications.

It is the Company

’s policy to write off capitalized software development costs once fully amortized. Accordingly, during fiscal

2018,

$3.7

million of costs and accumulated amortization was removed from the balance sheet and was primarily related to the acquired software technology which was fully amortized during fiscal

2018.

Amortization of capitalized software costs for fiscal

2018,

2017

and

2016

was

$0.8

million,

$1.0

million and

$1.1

million, respectively. Amortization of capitalized software costs is included in “Cost of license fees” in the accompanying Consolidated Statements of Operations and Comprehensive (Loss) Income.

Estimated amortization expense relating to the Company

’s capitalized software costs as of

January 31, 2018

$445,000,

$365,000

and

$180,000

in fiscal

2019,

2020

and

2021,

respectively.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

GOODWILL AND INTANGIBLE ASSETS

Goodwill represents the excess of the purchase price over the fair value of net assets of purchased businesses. Goodwill is

not

amortized, but instead is subject to impairment tests on at least an annual basis and whenever circumstances suggest that goodwill

may

be impaired. The Company tests goodwill for impairment in the

fourth

quarter of each fiscal year. The Company performs a

two

-step impairment test. Under the

first

not

considered impaired and the

second

step is

not

performed. If the results of the

first

step of the impairment test indicate that the fair value of a reporting unit does

not

exceed its carrying amount, then the

second

step of the goodwill impairment test is required. The

second

not

meaningful. Therefore, the Company’s impairment test considers the consolidated entity as a single reporting unit.

Judgments about the recoverability of purchased finite lived intangible assets are made whenever events or changes in circumstances indicate that an impairment

may

’s business strategy or internal forecasts.

The changes in the carrying amount of goodwill for the fiscal years ended

January 31,

2018,

and

2017

were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2016	$	26,253		$	(15,608	)	$	10,645
Impact of foreign currency translation		(87	)		—			(87	)
Balance at January 31, 2017		26,166			(15,608	)		10,558
Impact of foreign currency translation		465			—			465
Balance at January 31, 2018	$	26,631		$	(15,608	)	$	11,023

During each of the

fourth

quarters of fiscal

2018,

2017

and

2016,

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 30.

As the market capitalization substantially exceeded the Company’s net assets, there was

indication of goodwill impairment for fiscal

2018,

2017

and

2016.

Intangible assets were as follows:

	January 31, 2017
	(in thousands)
Amortizable intangible assets
Customer relationships	$	2,721
Trade name		515
		3,236
Less: accumulated amortization		(2,821	)
Net amortizable intangible assets	$	415

The Company

’s intangible assets as of

January 31, 2017

are related to the DynaSys and CEBOS acquisitions completed in fiscal

2013.

Intangible assets are included in “Other assets, net” in the accompanying Consolidated Balance Sheets. As of

January 31, 2018,

the Company’s intangible assets were fully amortized.

Amortization of intangible assets was

$0.4

million for the fiscal year

2018

and

$0.7

million for each of the fiscal years

2017

and

2016.

Income Tax, Policy [Policy Text Block]

INCOME TAXES

Income tax expense includes U.S. (federal and state) and foreign income taxes. Tax legislation commonly known as the Tax Cuts and Jobs Act of

2017

(the “Tax Act”) includes a mandatory

one

-time tax on accumulated earnings of foreign subsidiaries, and as a result, all previously unremitted earnings for which

not

expect to incur any significant, additional taxes related to such amounts.

not

The Company utilizes a

two

-step approach to recognizing and measuring uncertain income tax positions (tax contingencies). The

first

step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than

not

that the position will be sustained on audit, including resolution of related appeals or litigation processes. The

second

step is to measure the tax benefit as the largest amount which is more than

50%

likely of being realized upon ultimate settlement. The Company considers many factors when evaluating its tax positions and estimating its tax benefits, which

may

require periodic adjustments and which

may

not

accurately forecast actual outcomes. The Company includes interest and penalties related to its tax contingencies in income tax expense.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

STOCK-BASED COMPENSATION

The Company accounts for share-based payments (“equity awards”) to employees in accordance with ASC

718,

Compensation—Stock Compensation

(“ASC

718”

Fair Value of RSUs

The fair value of restricted stock units (“RSUs”) is determined on the grant date of the award as the market price of the Company

three

years.

Fair Value of SARs

Expected Life

two

Volatility

Risk-Free Interest Rate

The risk-free interest rate is based on the U.S. Treasury constant maturities in effect at the time of grant for the expected term of the SAR.

Dividend Ra

The dividend rate is based on the Company’s historical dividend payments per share.

may

Comprehensive Income, Policy [Policy Text Block]

COMPREHENSIVE

(LOSS)

INCOME

Comprehensive

not

provide for income taxes on foreign currency translation adjustments since it does

not

Revenue Recognition, Policy [Policy Text Block]

REVENUE

The Company o

ffers its software using

two

not

have the contractual right to take possession of the software.

Revenue is recognized when

) persuasive evidence of an arrangement exists

) delivery has occurred or services has been rendered

) fees are fixed or determinable and

) collectability is probable. If we determine that any of the

four

criteria is

not

met, we will defer recognition of revenue until all the criteria are met.

Revenue is presented net of sales, use and value-added taxes collected from customers.

Software Revenue Recognition (On-Premise Model)

The majority of

one

year

may

be granted for software license fees to customers with an established history of collections without concessions.

Provided all other revenue recognition criteria have been met,

not

yet sold separately, the price established by management if it is probable that the price will

not

one

or more undelivered elements within a multiple-element software arrangement, it could adversely impact revenues, results of operations and financial position because the Company

may

have to defer all or a portion of the revenue or recognize revenue ratably.

Multiple-element software arrangements for which VSOE does

not

exist for all undelivered elements typically occur when

the Company introduces a new product or product bundles for which the Company has

not

Revenue from support services and product updates, referred to as maintenance revenue, is recognized ratably over the term of the maintenance period, which in most instances is

one

Customers generally purchase both product support and license updates when they acquire new software licenses. In addition, a majority of customers renew their support services contracts annually.

The Company

occasionally resells

third

party systems as part of an end-to-end solution requested by customers. Hardware revenue is recognized on a gross basis in accordance with the guidance contained in ASC

605

45,

Revenue Recognition – Principal Agent Considerations.

Delivery is considered to occur when the product is shipped and title and risk of loss have passed to the customer.

The Company

not

offer rights of return, product rotation or price protection to any distributors.

Subscription Revenue Recognition

The Company

not

generally provide customers with the right to take possession of the subscribed software.

months.

days of invoice.

The Company

may

enter into multiple

element arrangements that

may

include a combination of subscription offering and other professional services or arrangements that

may

include both software and non-software elements. The Company allocates revenue to each element in an arrangement based on a selling price hierarchy in accordance with ASC

605

25,

Revenue Recognition - Multiple Deliverable Revenue Arrangements

third

not

available. The Company has determined that

third

-party evidence (“TPE”) is

not

a practical alternative due to differences in the Company’s service offerings compared to other parties and the availability of relevant

third

-party pricing information. The determination for ESP is made through consultation with and approval by management taking into consideration the go

market strategy. As the Company’s go-to-market strategies evolve, there

may

be modifications of pricing practices in the future, which could result in changes in both VSOE and ESP.

For multiple-element arrangements that

may

Professional Services

Revenue from consulting services, which

one

not

essential to the functionality of the software, as delivered, and do

not

Advertising Costs, Policy [Policy Text Block]

ADVERTISING EXPENSES

Advertising costs are expensed as incurred. Advertising expenses were

$0.7

million,

$1.1

million and

$0.9

million for fiscal years

2018,

2017

and

2016.

Research, Development, and Computer Software, Policy [Policy Text Block]

RESEARCH AND DEVELOPMENT

All costs incurred to establish the technological feasibility of the Company’s software products are expensed to research and development (“R&D”) as incurred. R&D expenses totaled

$47.7

million,

$43.6

million and

$41.2

million in fiscal years

2018,

2017

and

2016,

respectively.

Non-operating Expense, Net [Policy Text Block]

OTHER (INCOME) EXPENSE, NET

The components of other (income) expense, net for fiscal

2018,

2017

and

2016

were as follows:

	Years Ended January 31,
	201 8			201 7			201 6
	(in thousands)
Interest income	$	(1,547	)	$	(696	)	$	(320	)
Interest expense		669			670			712
Fore ign exchange losses (gains)		2,466			180			(503	)
Change in fair value of interest rate swap		(377	)		(485	)		48
Other income, net		(77	)		(131	)		(302	)
Total other expense (income), net	$	1,134		$	(462	)	$	(365	)

Earnings Per Share, Policy [Policy Text Block]

COMPUTATION OF NET (LOSS) INCOME PER SHARE

Net (loss) income per share of Class A common stock and Class B common stock is computed using the

two

-class method. Holders of Class A common stock are entitled to cash or stock dividends equal to

120%

of the amount of such dividend payable with respect to a share of Class B Common Stock.

The following table sets forth the computation of basic and diluted net (loss) income per share:

	Years Ended January 31,
	2018			2017			2016
	(in thousands, except per share data)
Net (loss) income	$	(9,065	)	$	(15,450	)	$	8,912
Less: dividends declared		(5,367	)		(5,301	)		(5,235	)
Undistributed net (loss) income	$	(14,432	)	$	(20,751	)	$	3,677

Net (loss) income per share – Class A Common Stock
Dividends declared	$	4,596		$	4,531		$	4,466
Allocation of undistributed net (loss) income		(12,358	)		(17,742	)		3,140
Net (loss) income attributable to Class A common stock	$	(7,762	)	$	(13,211	)	$	7,606

Weighted average shares of Class A common stock outstanding — basic		15,942			15,715			15,466
Weighted average potential shares of Class A common stock		—			—			758
Weighted average shares of Class A common stock and potential common shares outstanding — diluted		15,942			15,715			16,224

Basic net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.49
Diluted net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.47
Net (loss) income per share – Class B Common Stock
Dividends declared	$	771		$	770		$	769
Allocation of undistributed net (loss) income		(2,074	)		(3,009	)		537
Net (loss) income attributable to Class B common stock	$	(1,303	)	$	(2,239	)	$	1,306

Weighted average shares of Class B common stock outstanding — basic		3,213			3,206			3,201
Weighted average potential shares of Class B common stock		—			—			82
Weighted average shares of Class B common stock and potential common shares outstanding — diluted		3,213			3,206			3,283

Basic net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.41
Diluted net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.40

’s unvested RSUs, unexercised stock options and unexercised SARs are

not

considered participating securities as they do

not

have rights to dividends or dividend equivalents prior to release or exercise.

The following table sets forth the number of potential common shares

not

included in the calculation of diluted earnings per share because their effects were anti-dilutive:

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Class A		3,236		2,985		528
Class B		380		378		99

New Accounting Pronouncements, Policy [Policy Text Block]

RECENT ACCOUNTING PRONOUNCEMENTS

With the exception of those discussed below, there have been

recent changes in accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) or adopted by the Company during the

fiscal year ended

January 31, 2018,

that are of significance, or potential significance, to the Company.

Accounting Standards Adopted

March 2016,

the FASB issued

ASU

2016

regarding ASC Topic

718,

Improvements to Employee Share-Based Payment Accounting

The Company

elected to early adopt the new guidance in the

third

quarter of fiscal year

2017

which required the Company to reflect any adjustments as of

February

2016,

2017.

$2.2

million, an increase to valuation allowance

$1.2

million and an offset to opening accumulated deficit of

$1.0

million.

The Company

elected to account for forfeitures as they occur using a modified retrospective transition method, which resulted in a cumulative-effect adjustment of

$0.4

million to increase the

February 1, 2016

opening accumulated deficit. Additional amendments to the accounting for minimum statutory withholding tax requirements had

impact to opening accumulated deficit as of

February 1, 2016

as the Company does

not

withhold more than the minimum statutory requirements.

The Company

$0.8

million for fiscal

2016.

The presentation requirements for cash flows related to employee taxes paid for withheld shares had

impact to any of the periods presented in the Company’s consolidated cash flows statements since such cash flows have historically been presented as a financing activity.

April 2015,

the FASB issued ASU

2015

Interest - Imputation of Interest (Subtopic

2015

): Simplifying the Presentation of Debt Issuance Costs

not

affected by ASU

2015

03.

This ASU is effective for fiscal years beginning after

December 15, 2015,

and interim periods within those fiscal years and is to be implemented retrospectively. The Company adopted the provisions of this ASU in the

first

quarter of fiscal

2017.

Adoption of this ASU did

not

have a material impact on the Company’s consolidated financial statements.

August 2015,

the FASB issued ASU

2015

15,

Interest-Imputation of Interest (Subtopic

835

): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line of Credit Arrangements

, given that the authoritative guidance within ASU

2015

for debt issuance costs does

not

address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff would

not

first

quarter of fiscal

2017.

Adoption of this ASU did

not

have an impact on the Company’s consolidated financial statements.

November 2015,

the FASB issued ASU

2015

17,

Balance Sheet Classification of Deferred Taxes

which requires deferred tax liabilities and assets be presented as noncurrent on the statement of financial position. ASU

2015

will be effective for the Company’s fiscal year beginning

February 1, 2017.

The standard permits the use of either prospective or retrospective application to all periods presented. The Company adopted the provisions of this standard in the

fourth

quarter of fiscal

2017

with prospective application. Adoption of this ASU did

not

have a material impact on the Company’s consolidated financial statements.

Accounting Standards

Not

Yet Adopted

January 2017,

the FASB issued ASU

2017

01,

Business Combinations: Clarifying the Definition of a Business,

which provides a more robust framework to use in determining when a set of assets and activities is a business. The amendments will be effective for the Company’s fiscal year beginning

February 1, 2018.

Early adoption is permitted. The new guidance is required to be applied on a prospective basis. The effect of adoption of ASU

2017

will depend upon the nature of the Company's future acquisitions, if any.

January 2017,

the FASB issued ASU

2017

04,

Intangibles—Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment,

which simplifies the subsequent measurement of goodwill to eliminate Step

from the goodwill impairment test. In addition, it eliminates the requirements for any reporting unit with a

zero

or negative carrying amount to perform a qualitative assessment and, if that fails that qualitative test, to perform Step

of the goodwill impairment test. Therefore, the same impairment assessment applies to all reporting units. The amendments will be effective for the Company’s fiscal year beginning

February 1, 2020.

Early adoption is permitted. The new guidance is required to be applied on a prospective basis. The Company does

not

believe adoption of ASU

2017

will have a material impact on its consolidated financial statements.

October 2016,

the FASB issued ASU

2016

16,

Income Taxes: Intra-Entity Transfers of Assets Other than Inventory

which requires that entities recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU

2016

will be effective for the Company's fiscal year beginning

February 1, 2018.

February 2016,

the FASB issued ASU

2016

02,

Leases (Topic

842

ASU

2016

requires companies to generally recognize on the balance sheet operating and financing lease liabilities and corresponding right-of-use assets. ASU

2016

is effective for the Company in its

first

quarter of fiscal

2020

on a modified retrospective basis and earlier adoption is permitted. The Company is currently evaluating the impact of the pending adoption of ASU

2016

02.

May 2014,

the FASB issued ASU

2014

09,

Revenue from Contracts with Customers (Topic

606

)

(“ASC Topic

606”

not

expect the adoption of ASC Topic

606

to have any impact on its total cash flows from operating, investing or financing activities.

The Company is continuing to assess the impact of adopting ASC Topic

606

on its financial position, results of operations and related disclosures. The Company believes the most significant impacts are as follows:

●	Removal of vendor specific objective evidence under current software revenue recognition will result in earlier recognition of license revenues in those instances where the Company sold a multi-element deal where services and/or maintenance did not have vendor specific objective evidence;

●	Removal of the current limitation on contingent revenue will result in revenue being recognized earlier for certain contracts;

●

Commission expense related to new cloud and

first

year maintenance contracts will

five

years;

●	Sales agent fees to obtain new cloud and first year maintenance contracts will no longer be expensed as incurred; rather these costs will be capitalized and amortized over the associated term of economic benefit which the Company has determined to be five years; and

●	Cloud environment set up costs will no longer be expensed as incurred; rather these costs will be capitalized and amortized over the associated term of economic benefit which the Company has determined to be five years.

The

two

permitted transition methods under the new standard are the full retrospective method, under which ASC Topic

606

would be recognized at the date of initial application. ASC Topic

606

is effective for fiscal years, and interim periods within those years, beginning after

December 15, 2017.

The Company adopted ASC Topic

606

starting on

February 1, 2018

and elected the modified retrospective transition approach.

The adoption of ASC Topic

606

will impact the opening consolidated balance sheet on

February 1, 2018,

XML 37 R23.htm IDEA: XBRL DOCUMENT

Note 1 - Summary of Business and Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	2018			2017
	(in thousands)
Accounts receivable	$	85,281		$	71,647
Less allowance for:
Doubtful accounts		(396	)		(1,090	)
Sales adjustments		(1,367	)		(1,116	)
Accounts receivable, net	$	83,518		$	69,441

Property, Plant and Equipment [Table Text Block]

	2018			2017
	(in thousands)
Buildings and building improvements	$	32,444		$	31,979
Computer equipment and software		17,312			16,027
Furniture and office equipment		7,632			6,748
Leasehold improvements		6,677			5,984
Land		3,850			3,850
Automobiles		54			54
		67,969			64,642
Less accumulated depreciation and amortization		(37,561	)		(33,770	)
	$	30,408		$	30,872

Changes in Property and Equipment [Table Text Block]

	2018			2017
	(in thousands)
Cost
Balance at February 1	$	64,642		$	64,925
Additions		3,720			3,267
Disposals		(1,874	)		(3,258	)
Impact of foreign currency translation		1,481			(292	)
Balance at January 31		67,969			64,642

Accumulated depreciation
Balance at February 1		(33.770	)		(32,845	)
Depreciation		(4,562	)		(4,326	)
Disposals		1,719			3,211
Impact of foreign currency translation		(948	)		190
Balance at January 31		(37,561	)		(33,770	)
Property and equipment, net at January 31	$	30,408		$	30,872

Schedule of Capitalized Software Costs [Table Text Block]

	2018			2017
	(in thousands)
Capitalized software costs:
Acquired software technology	$	—		$	3,458
Capitalized software development costs		1,516			748
		1,516			4,206
Less accumulated amortization		(526	)		(3,474	)
Capitalized software costs, net	$	990		$	732

Schedule of Goodwill [Table Text Block]

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2016	$	26,253		$	(15,608	)	$	10,645
Impact of foreign currency translation		(87	)		—			(87	)
Balance at January 31, 2017		26,166			(15,608	)		10,558
Impact of foreign currency translation		465			—			465
Balance at January 31, 2018	$	26,631		$	(15,608	)	$	11,023

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	January 31, 2017
	(in thousands)
Amortizable intangible assets
Customer relationships	$	2,721
Trade name		515
		3,236
Less: accumulated amortization		(2,821	)
Net amortizable intangible assets	$	415

Schedule of Other Nonoperating Expense, by Component [Table Text Block]

	Years Ended January 31,
	201 8			201 7			201 6
	(in thousands)
Interest income	$	(1,547	)	$	(696	)	$	(320	)
Interest expense		669			670			712
Fore ign exchange losses (gains)		2,466			180			(503	)
Change in fair value of interest rate swap		(377	)		(485	)		48
Other income, net		(77	)		(131	)		(302	)
Total other expense (income), net	$	1,134		$	(462	)	$	(365	)

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Years Ended January 31,
	2018			2017			2016
	(in thousands, except per share data)
Net (loss) income	$	(9,065	)	$	(15,450	)	$	8,912
Less: dividends declared		(5,367	)		(5,301	)		(5,235	)
Undistributed net (loss) income	$	(14,432	)	$	(20,751	)	$	3,677

Net (loss) income per share – Class A Common Stock
Dividends declared	$	4,596		$	4,531		$	4,466
Allocation of undistributed net (loss) income		(12,358	)		(17,742	)		3,140
Net (loss) income attributable to Class A common stock	$	(7,762	)	$	(13,211	)	$	7,606

Weighted average shares of Class A common stock outstanding — basic		15,942			15,715			15,466
Weighted average potential shares of Class A common stock		—			—			758
Weighted average shares of Class A common stock and potential common shares outstanding — diluted		15,942			15,715			16,224

Basic net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.49
Diluted net (loss) income per Class A common share	$	(0.49	)	$	(0.84	)	$	0.47
Net (loss) income per share – Class B Common Stock
Dividends declared	$	771		$	770		$	769
Allocation of undistributed net (loss) income		(2,074	)		(3,009	)		537
Net (loss) income attributable to Class B common stock	$	(1,303	)	$	(2,239	)	$	1,306

Weighted average shares of Class B common stock outstanding — basic		3,213			3,206			3,201
Weighted average potential shares of Class B common stock		—			—			82
Weighted average shares of Class B common stock and potential common shares outstanding — diluted		3,213			3,206			3,283

Basic net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.41
Diluted net (loss) income per Class B common share	$	(0.41	)	$	(0.70	)	$	0.40

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Class A		3,236		2,985		528
Class B		380		378		99

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Note 2 - Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2018

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Fair value measurement at reporting date using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in thousands)
Money market mutual funds as of January 31, 2018	$	115,416
Money market mutual funds as of January 31, 2017	$	116,043
Asset related to the interest rate swap as of January 31, 2018			$	187
Liability related to the interest rate swap as of January 31, 2017			$	(190	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	Asset (Liability)
		Fair Value
	Balance Sheet Location	January 31, 2018		January 31, 2017
Derivative instrument:
Interest rate swap	Other assets (liabilities) net	$	187	$	(190	)
Total		$	187	$	(190	)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

XML 39 R25.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Domestic net (loss) income before income taxes	$	(4,793	)	$	(3,774	)	$	(7,835	)
Foreign net (loss) income before income taxes		585			7,600			18,371
Consolidated net (loss) income before income taxes	$	(4,208	)	$	3,826		$	10,536

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Current:
U.S. federal	$	2,862		$	437		$	(1,656	)
State		38			30			26
Foreign		2,433			3,894			2,591
Subtotal		5,333			4,361			961
Deferred:
U.S. federal		(519	)		11,564			(956	)
State		19			3,610			303
Foreign		24			(348	)		63
Subtotal		(476	)		14,826			(590	)
Equity adjustment		—			89			1,253
Total	$	4,857		$	19,276		$	1,624

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended January 31,
	2018			2017			2016
	(in thousands)
Computed expected tax expense (benefit)	$	(1,431	)	$	1,301		$	3,582
State income taxes, net of federal income tax expense		(157	)		(54	)		252
Incremental tax expense (benefit) from foreign operations		923			137			(2,548	)
Non-deductible equity compensation		(1,004	)		(29	)		254
Foreign withholding taxes		794			676			968
Net change in valuation allowance		5,448			16,861			2,564
Net change in contingency reserve		(81	)		198			(379	)
Non-deductible expenses		(407	)		660			621
Benefit of tax credits		(1,766	)		(1,243	)		(3,186	)
Subpart F income		302			345			254
Rate change impact		187			19			193
Benefit from liquidation utilized		—			—			(1,321	)
U.S. Tax Reform (the “Tax Act”)		1,951			—			—
Other		98			405			370
Total	$	4,857		$	19,276		$	1,624

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	January 31,
	2018			2017
	(in thousands)
Deferred tax assets:
Allowance for doubtful accounts and sales adjustments	$	367		$	356
Accrued vacation		1,590			2,033
Tax credits		18,583			13,116
Deferred revenue		3,493			3,465
Net operating loss carry forwards		10,337			10,255
Accrued expenses - other		1,849			1,695
Other comprehensive income		1,164			—
Section 263(a) interest capitalization		206			322
Equity compensation		4,380			5,399
Other		1,243			2,039
Total deferred tax assets		43,212			38,680
Less valuation allowance		(33,665	)		(29,868	)
Less netting of unrecognized tax benefits against deferred tax assets		(930	)		(954	)
Deferred tax assets, net of valuation allowance	$	8,617		$	7,858
Deferred tax liabilities:
Depreciation and amortization		(442	)		(630	)
Other comprehensive income		—			(1,009	)
Other		(231	)		(53	)
Total deferred tax liabilities		(673	)		(1,692	)
Total net deferred tax assets	$	7,944		$	6,166

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Years Ended January 31,
	2018			2017
	(in thousands)
Unrecognized tax benefits at beginning of the year	$	1,743		$	1,545
Decreases as a result of tax positions taken in a prior period		(115	)		(79	)
Increases as a result of tax positions taken in the prior period		58			365
Reduction as a result of a lapse of the statute of limitations		(24	)		(88	)
Unrecognized tax benefit at end of year	$	1,662		$	1,743

List of Open Tax Year by Jurisdiction [Table Text Block]

Jurisdiction	Years Open for Audit
U.S. Federal	FY15 and beyond
California	FY14 and beyond
Michigan	FY14 and beyond
New Jersey	FY14 and beyond
Australia	FY14 and beyond
France	FY15 and beyond
India	FY10, FY11, FY13, and FY14
Ireland	FY14 and beyond
United Kingdom	FY17 and beyond

XML 40 R26.htm IDEA: XBRL DOCUMENT

Note 4 - Stockholders' Equity (Tables)

12 Months Ended

Jan. 31, 2018

Dividends Declared [Table Text Block]

Declaration Date	Record Date	Payable	Dividend Class A		Dividend Class B		(in thousands)
12 /12/2017	12/26/2017	1/4/2018	$	0.072	$	0.06	$	1,346
9/12/2017	9/26/2017	10/3/2017	$	0.072	$	0.06	$	1,346
6/13/2017	6/27/2017	7/6/2017	$	0.072	$	0.06	$	1,344
4/11/2017	4/25/2017	5/2/2017	$	0.072	$	0.06	$	1,331

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Note 5 - Stock-based Compensation (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Stock-based compensation expense:
Cost of subscription	$	161	$	113	$	76
Cost of maintenance and other revenue		384		299		271
Cost of professional services		1,085		848		739
Sales and marketing		1,510		1,200		1,377
Research and development		1,226		1,009		900
General and administrative		4,558		3,854		4,077
Total stock-based compensation expense	$	8,924	$	7,323	$	7,440

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	RSUs (in thousands)			Weighted Average Grant Date Fair Value
Restricted stock at January 31, 2015		503		$	16.27
Granted		326			24.75
Released (1)		(192	)		15.58
Forfeited		(20	)		18.93
Restricted stock at January 31, 2016		617		$	20.91
Granted		307			18.54
Released (1)		(259	)		18.96
Forfeited		(42	)		20.69
Restricted stock at January 31, 2017		623		$	20.56
Granted		295			30.69
Released (1)		(245	)		20.48
Forfeited		(20	)		22.36
Restricted stock at January 31, 2018		653		$	25.10

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Years Ended January 31,
	2018			2017			2016
Expected life in years		5.50			5.25			5.00
Risk free interest rate		1.82	%		1.16	%		1.64	%
Volatility		33	%		36	%		41	%
Dividend rate		0.91	%		1.51	%		1.10	%

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

	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, 2015		2,499		$	12.69
Granted		380			25.34
Exercised		(266	)		10.69
Expired		(12	)		14.22
Forfeited		(5	)		12.05
Outstanding at January 31, 2016		2,596		$	14.74
Granted		380			18.64
Exercised		(158	)		10.94
Expired		(17	)		12.56
Forfeited		(8	)		12.09
Outstanding at January 31, 2017		2,793		$	15.51
Granted		380			31.65
Exercised		(139	)		10.52
Expired		(10	)		9.74
Outstanding at January 31, 2018		3,024		$	17.78		4.0	$	72,901
Vested and exercisable at January 31, 2018		2,073		$	14.25		2.9	$	57,045

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Note 6 - Deferred Revenues (Tables)

12 Months Ended

Jan. 31, 2018

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

	January 31,
	201 8		201 7
	(in thousands)
Deferred maintenance	$	80,811	$	78,923
Deferred subscription		31,034		20,389
Deferred professional services		3,523		2,550
Deferred license		756		1,740
Deferred other revenue		569		523
Deferred revenues, current		116,693		104,125
Deferred revenues, non-current (in Other liabilities)		2,156		2,353
Total deferred revenues	$	118,849	$	106,478

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Note 7 - Other Balance Sheet Accounts (Tables)

12 Months Ended

Jan. 31, 2018

Other Balance Sheet Accounts [Table Text Block]

	January 31,
	201 8		201 7
	(in thousands)
Other current assets
Deferred cost of revenues	$	8,330	$	8,194
Prepaid expenses		5,847		4,879
Income tax receivable, net of payables		213		928
Other		1,466		1,350
	$	15,856	$	15,351
Other assets, net
Other intangibles, net	$	—	$	415
Long-term deposits and prepaid expenses		2,463		1,323
Fair value of interest rate swap		187		—
Other long-term assets		405		950
	$	3,055	$	2,688
Accounts payable
Trade payables	$	9,346	$	7,392
VAT payable		5,472		3,924
	$	14,818	$	11,316
Other current liabilities
Accrued commissions and bonus	$	18,039	$	13,449
Accrued compensated absences		9,177		8,346
Other accrued payroll		6,038		4,477
Accrued professional fees		1,884		1,709
Accrued travel		1,839		1,304
Accrued contract labor		2,655		812
Other current liabilities		3,828		3,539
	$	43,460	$	33,636
Other liabilities
Long-term deferred revenue	$	2,156	$	2,353
Fair value of interest rate swap		—		190
Long-term tax contingency reserve		688		764
Lease restoration obligations		859		736
Other		1,736		871
	$	5,439	$	4,914

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Note 8 - Debt (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Debt [Table Text Block]

	January 31,
	2018				2017
	(in thousands)
Note payable	$	13,825		$	14,269
Less current maturities		(466	)		(446	)
Less loan origination costs, net		(46	)		(56	)
Long-term debt	$	13,313		$	13,767

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Note 9 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Foreign Currency Translation Adjustments
	(in thousands)
Balance as of January 31, 2017	$	(8,631	)
Other comprehensive loss before reclassifications		1,803
Amounts reclassified from accumulated other comprehensive loss		—
Net current period other comprehensive loss		1,803
Balance as of January 31, 2018	$	(6,828	)

XML 46 R32.htm IDEA: XBRL DOCUMENT

Note 11 - Commitments and Contingencies (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

2019	$	6.0
2020		4.3
2021		2.5
2022		0.8
2023		0.5
Thereafter		0.2
	$	14.3

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Note 12 - Business Segment Information (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	Years Ended January 31,
	2018		2017		2016
	(in thousands)
Revenue:
North America (1)	$	141,614	$	129,436	$	127,776
EMEA		89,693		81,765		84,268
Asia Pacific		50,689		47,742		46,457
Latin America		23,022		19,030		19,351
	$	305,018	$	277,973	$	277,852

	January 31,
	2018		2017
	(in thousands)
Property and equipment, net:
North America	$	25,546	$	26,601
EMEA		3,444		2,861
Asia Pacific		1,141		1,075
Latin America		277		335
	$	30,408	$	30,872

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Note 13 - Quarterly Information (Unaudited) (Tables)

12 Months Ended

Jan. 31, 2018

Quarterly Financial Information [Table Text Block]

	Quarters Ended
	April 30			July 31			Oct. 31			Jan. 31
	(in thousands, except per share data)
Fiscal 2018
Total revenue	$	71,382		$	75,958		$	76,925		$	80,753
Total costs and expenses		72,741			75,415			76,495			83,441
Gross margin		36,516			39,264			38,879			40,934
Operating (loss) income		(1,359	)		543			430			(2,688	)
Net loss		(2,571	)		(1,161	)		(161	)		(5,172	)
Basic net loss per share
Class A	$	(0.14	)	$	(0.06	)	$	(0.01	)	$	(0.28	)
Class B		(0.12	)		(0.05	)		(0.01	)		(0.23	)
Diluted net loss per share
Class A	$	(0.14	)	$	(0.06	)	$	(0.01	)	$	(0.28	)
Class B		(0.12	)		(0.05	)		(0.01	)		(0.23	)
Fiscal 2017
Total revenue	$	65,397		$	69,778		$	69,534		$	73,264
Total costs and expenses		68,390			69,816			67,275			69,128
Gross margin		33,259			36,974			36,477			40,412
Operating (loss) income		(2,993	)		(38	)		2,259			4,136
Net (loss) income		(2,792	)		968			1,533			(15,159	)
Basic net (loss) income per share
Class A	$	(0.15	)	$	0.05		$	0.08		$	(0.82	)
Class B		(0.13	)		0.04			0.07			(0.68	)
Diluted net (loss) income per share
Class A	$	(0.15	)	$	0.05		$	0.08		$	(0.82	)
Class B		(0.13	)		0.04			0.07			(0.68	)

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Schedule II - Schedule of Valuation and Qualifying Accounts (Tables)

12 Months Ended

Jan. 31, 2018

Schedule of Valuation and Qualifying Accounts [Table Text Block]

	Balance at Beginning of Period		Charged to Statements of Income		Write-Offs, Net of Recoveries			Impact of Foreign Currency Translation			Balance at End of Period
Year ended January 31, 2016
Allowance for bad debt		1,194		78		(5	)		(25	)		1,242
Allowance for sales adjustments		1,330		696		(555	)		(71	)		1,400
Total allowance for doubtful accounts	$	2,524	$	774	$	(560	)	$	(96	)	$	2,642
Year ended January 31, 2017
Allowance for bad debt		1,242		40		(184	)		(8	)		1,090
Allowance for sales adjustments		1,400		197		(472	)		(10	)		1,115
Total allowance for doubtful accounts	$	2,642	$	237	$	(656	)	$	(18	)	$	2,205
Year ended January 31, 2018
Allowance for bad debt		1,090		98		(834	)		42			396
Allowance for sales adjustments		1,115		923		(733	)		62			1,367
Total allowance for doubtful accounts	$	2,205	$	1,021	$	(1,567	)	$	104		$	1,763

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Note 1 - Summary of Business and Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Foreign Currency Transaction Gain (Loss), before Tax	$ (2,500,000)	$ (200,000)	$ 500,000
Allowance for Doubtful Accounts Receivable	396,000	1,090,000
Allowance for Doubtful Accounts Receivable, Write-offs	700,000
Depreciation, Depletion and Amortization	$ 4,600,000	4,300,000	4,000,000
Capitalized Software Amortization Period	3 years
Write-off of Fully Amortized Software Development Costs		3,700,000
Capitalized Computer Software, Amortization	$ 800,000	1,000,000	1,100,000
Capitalized Software Cost, Amortization Expense, New Twelve Months	445,000
Capitalized Software Cost, Amortization Expense, Year Two	365,000
Capitalized Software Cost, Amortization Expense, Year Three	180,000
Goodwill and Intangible Asset Impairment	0	0	0
Amortization of Intangible Assets	416,000	659,000	658,000
Advertising Expense	700,000	1,100,000	900,000
Research and Development Expense	$ 47,661,000	43,587,000	$ 41,237,000
Class Common Stock to Class B Common Stock Cash or Stock Dividends Payout Ratio	120.00%
Increase in Deferred Tax Assets [Member] \| January 31, 2016 [Member]
Prior Period Reclassification Adjustment	$ 2,200,000
Increase in Deferred Tax Assets Valuation Allowance [Member] \| January 31, 2016 [Member]
Prior Period Reclassification Adjustment	1,200,000
Offset to Accumulated Deficit [Member] \| January 31, 2016 [Member]
Prior Period Reclassification Adjustment	1,000,000
Cumulative-effect Adjustment to Reduce Opening Accumulated Deficit [Member] \| February 1, 2016 [Member]
Prior Period Reclassification Adjustment	400,000
Increase in Cash Provided By Operating Activities, and a Decrease in Cash Used in Financing Activities [Member] \| January 31, 2016 [Member]
Prior Period Reclassification Adjustment	$ 800,000
Computer Equipment and Software [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Office Equipment [Member]
Property, Plant and Equipment, Useful Life	5 years
Building Improvements [Member]
Property, Plant and Equipment, Useful Life	10 years
Building [Member]
Property, Plant and Equipment, Useful Life	39 years
Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life	5 years
Fully Reserved Customer Accounts [Member]
Allowance for Doubtful Accounts Receivable		$ 700,000

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Note 1 - Summary of Business and Significant Accounting Policies - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Accounts receivable	$ 85,281	$ 71,647
Doubtful accounts	(396)	(1,090)
Sales adjustments	(1,367)	(1,116)
Accounts receivable, net	$ 83,518	$ 69,441

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Note 1 - Summary of Business and Significant Accounting Policies - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Property and Equipment, Gross	$ 67,969	$ 64,642	$ 64,925
Less accumulated depreciation and amortization	(37,561)	(33,770)	$ (32,845)
Property and Equipment, Net	30,408	30,872
Building and Building Improvements [Member]
Property and Equipment, Gross	32,444	31,979
Computer Equipment and Software [Member]
Property and Equipment, Gross	17,312	16,027
Furniture and Office Equipment [Member]
Property and Equipment, Gross	7,632	6,748
Leasehold Improvements [Member]
Property and Equipment, Gross	6,677	5,984
Land [Member]
Property and Equipment, Gross	3,850	3,850
Automobiles [Member]
Property and Equipment, Gross	$ 54	$ 54

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Note 1 - Summary of Business and Significant Accounting Policies - Changes in Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Property and Equipment, Gross, Beginning Balance	$ 64,642	$ 64,925
Property and Equipment, Gross, Additions	3,720	3,267
Property and Equipment, Gross, Disposals	(1,874)	(3,258)
Property and Equipment, Gross, Impact of Foreign Currency Translation	1,481	(292)
Property and Equipment, Gross, Ending Balance	67,969	64,642
Accumulated Depreciation, Beginning Balance	(33,770)	(32,845)
Depreciation	(4,562)	(4,326)
Accumulated Depreciation, Disposals	1,719	3,211
Accumulated Depreciation, Impact of Foreign Currency Translation	(948)	190
Accumulated Depreciation, Ending Balance	(37,561)	(33,770)
Property and Equipment, Net	$ 30,408	$ 30,872

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Note 1 - Summary of Business and Significant Accounting Policies - Capitalized Software Costs and Accumulated Amortization (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Capitalized software costs:
Acquired software technology		$ 3,458
Capitalized software development costs	1,516	748
	1,516	4,206
Less accumulated amortization	(526)	(3,474)
Capitalized software costs, net	$ 990	$ 732

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Note 1 - Summary of Business and Significant Accounting Policies - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Beginning balance, gross	$ 26,166	$ 26,253
Impact of foreign currency translation, gross	465	(87)
Ending balance, gross	26,631	26,166
Accumulated impairment	(15,608)	(15,608)	$ (15,608)
Beginning balance, net	10,558	10,645
Impact of foreign currency translation	465	(87)
Ending balance, net	$ 11,023	$ 10,558

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Note 1 - Summary of Business and Significant Accounting Policies - Intangible Assets (Details) $ in Thousands	Jan. 31, 2017 USD ($)
Amortizable intangible assets
Amortizable intangible assets, gross	$ 3,236
Less: accumulated amortization	(2,821)
Net amortizable intangible assets	415
Customer Relationships [Member]
Amortizable intangible assets
Amortizable intangible assets, gross	2,721
Trade Names [Member]
Amortizable intangible assets
Amortizable intangible assets, gross	$ 515

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Note 1 - Summary of Business and Significant Accounting Policies - Other (Income) Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Interest income	$ (1,547)	$ (696)	$ (320)
Interest expense	669	670	712
Foreign exchange losses (gains)	2,466	180	(503)
Change in fair value of interest rate swap	(377)	(485)	48
Other income, net	(77)	(131)	(302)
Total other expense (income), net	$ 1,134	$ (462)	$ (365)

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Note 1 - Summary of Business and Significant Accounting Policies - Basic and Diluted Net (Loss) Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Net (loss) income	$ (5,172)	$ (161)	$ (1,161)	$ (2,571)	$ (15,159)	$ 1,533	$ 968	$ (2,792)	$ (9,065)	$ (15,450)	$ 8,912
Less: dividends declared									(5,367)	(5,301)	(5,235)
Undistributed net (loss) income									(14,432)	(20,751)	3,677
Dividends declared									5,367	5,301	5,235
Allocation of undistributed net (loss) income									(14,432)	(20,751)	3,677
Common Class A [Member]
Net (loss) income									(7,762)	(13,211)	7,606
Less: dividends declared									(4,596)	(4,531)	(4,466)
Undistributed net (loss) income									(12,358)	(17,742)	3,140
Dividends declared									4,596	4,531	4,466
Allocation of undistributed net (loss) income									$ (12,358)	$ (17,742)	$ 3,140
Weighted average shares of common stock outstanding—basic (in shares)									15,942	15,715	15,466
Weighted average potential shares of common stock (in shares)											758
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)									15,942	15,715	16,224
Basic net (loss) income per common share (in dollars per share)	$ (0.28)	$ (0.01)	$ (0.06)	$ (0.14)	$ (0.82)	$ 0.08	$ 0.05	$ (0.15)	$ (0.49)	$ (0.84)	$ 0.49
Diluted net (loss) income per common share (in dollars per share)	(0.28)	(0.01)	(0.06)	(0.14)	(0.82)	0.08	0.05	(0.15)	$ (0.49)	$ (0.84)	$ 0.47
Common Class B [Member]
Net (loss) income									$ (1,303)	$ (2,239)	$ 1,306
Less: dividends declared									(771)	(770)	(769)
Undistributed net (loss) income									(2,074)	(3,009)	537
Dividends declared									771	770	769
Allocation of undistributed net (loss) income									$ (2,074)	$ (3,009)	$ 537
Weighted average shares of common stock outstanding—basic (in shares)									3,213	3,206	3,201
Weighted average potential shares of common stock (in shares)											82
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)									3,213	3,206	3,283
Basic net (loss) income per common share (in dollars per share)	(0.23)	(0.01)	(0.05)	(0.12)	(0.68)	0.07	0.04	(0.13)	$ (0.41)	$ (0.70)	$ 0.41
Diluted net (loss) income per common share (in dollars per share)	$ (0.23)	$ (0.01)	$ (0.05)	$ (0.12)	$ (0.68)	$ 0.07	$ 0.04	$ (0.13)	$ (0.41)	$ (0.70)	$ 0.40

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Note 1 - Summary of Business and Significant Accounting Policies - Anti-dilutive Shares (Details) - shares shares in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Common Class A [Member]
Anti-dilutive shares (in shares)	3,236	2,985	528
Common Class B [Member]
Anti-dilutive shares (in shares)	380	378	99

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Note 2 - Fair Value Measurements (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Cash and Cash Equivalents, at Carrying Value	$ 147,023,000	$ 145,082,000	$ 137,731,000	$ 120,526,000
Interest Rate Swap [Member]
Derivative, Gain (Loss) on Derivative, Net	377,000	485,000	$ (48,000)
Reported Value Measurement [Member]
Cash and Cash Equivalents, at Carrying Value	$ 32,000,000	$ 29,000,000

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Note 2 - Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Asset related to the interest rate swap	$ 187
Fair value of derivative instrument		$ (190)
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Money market mutual funds	115,416	116,043
Asset related to the interest rate swap
Fair value of derivative instrument
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Money market mutual funds
Asset related to the interest rate swap	$ 187
Fair value of derivative instrument		$ (190)

XML 62 R48.htm IDEA: XBRL DOCUMENT

Note 2 - Fair Value Measurements - Fair Values of the Derivative Instrument (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Derivative instrument:
Fair value of derivative instrument	$ 187
Fair value of derivative instrument		$ (190)
Interest Rate Swap [Member] \| Other Noncurrent Assets [Member]
Derivative instrument:
Fair value of derivative instrument	$ 187
Interest Rate Swap [Member] \| Other Noncurrent Liabilities [Member]
Derivative instrument:
Fair value of derivative instrument		$ (190)

XML 63 R49.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 3 - Income Taxes (Details Textual) - USD ($)	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%
Income Tax Rate, Transition Tax on Accumulated Foreign Earnings, Percent		15.50%
Income Tax Expense, Transition Tax on Accumulated Foreign Earnings		$ 10,000,000
Accumulated Foreign Earnings, Subject to Transition Tax		64,000,000
Income Tax Benefit, Net Operating Losses Related to Deemed Repatriation of Accumulated Foreign Earnings		5,600,000
Income Tax Benefit, Research and Development Tax Credits Related to Deemed Repatriation of Accumulated Foreign Earnings		1,600,000
Income Tax Benefit, Foreign Tax Credits Related to Deemed Repatriation of Accumulated Foreign Earnings		4,100,000
Transition Tax for Accumulated Foreign Earnings, Liability		2,000,000
Undistributed Earnings of Foreign Subsidiaries		81,000,000
Deferred Tax Assets, Valuation Allowance		33,665,000	$ 29,868,000
Operating Loss Carryforwards		36,700,000
Tax Credit Carryforward, Amount		20,200,000
Unrecognized Tax Benefits, Period Increase (Decrease)		(100,000)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense		39,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued		$ 300,000
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%

XML 64 R50.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Summary of Consolidated Net (Loss) Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Domestic net (loss) income before income taxes	$ (4,793)	$ (3,774)	$ (7,835)
Foreign net (loss) income before income taxes	585	7,600	18,371
(Loss) income before income taxes	$ (4,208)	$ 3,826	$ 10,536

XML 65 R51.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
U.S. federal	$ 2,862	$ 437	$ (1,656)
State	38	30	26
Foreign	2,433	3,894	2,591
Subtotal	5,333	4,361	961
U.S. federal	(519)	11,564	(956)
State	19	3,610	303
Foreign	24	(348)	63
Subtotal	(476)	14,826	(590)
Equity adjustment		89	1,253
Total	$ 4,857	$ 19,276	$ 1,624

XML 66 R52.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Computed expected tax expense (benefit)	$ (1,431)	$ 1,301	$ 3,582
State income taxes, net of federal income tax expense	(157)	(54)	252
Incremental tax expense (benefit) from foreign operations	923	137	(2,548)
Non-deductible equity compensation	(1,004)	(29)	254
Foreign withholding taxes	794	676	968
Net change in valuation allowance	5,448	16,861	2,564
Net change in contingency reserve	(81)	198	(379)
Non-deductible expenses	(407)	660	621
Benefit of tax credits	(1,766)	(1,243)	(3,186)
Subpart F income	302	345	254
Rate change impact	187	19	193
Benefit from liquidation utilized			(1,321)
U.S. Tax Reform (the “Tax Act”)	1,951
Other	98	405	370
Total	$ 4,857	$ 19,276	$ 1,624

XML 67 R53.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Allowance for doubtful accounts and sales adjustments	$ 367	$ 356
Accrued vacation	1,590	2,033
Tax credits	18,583	13,116
Deferred revenue	3,493	3,465
Net operating loss carry forwards	10,337	10,255
Accrued expenses - other	1,849	1,695
Other comprehensive income	1,164
Section 263(a) interest capitalization	206	322
Equity compensation	4,380	5,399
Other	1,243	2,039
Total deferred tax assets	43,212	38,680
Less valuation allowance	(33,665)	(29,868)
Less netting of unrecognized tax benefits against deferred tax assets	(930)	(954)
Deferred tax assets, net of valuation allowance	8,617	7,858
Depreciation and amortization	(442)	(630)
Other comprehensive income		(1,009)
Other	(231)	(53)
Total deferred tax liabilities	(673)	(1,692)
Total net deferred tax assets	$ 7,944	$ 6,166

XML 68 R54.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Unrecognized tax benefits at beginning of the year	$ 1,743	$ 1,545
Decreases as a result of tax positions taken in a prior period	(115)	(79)
Increases as a result of tax positions taken in the prior period	58	365
Reduction as a result of a lapse of the statute of limitations	(24)	(88)
Unrecognized tax benefit at end of year	$ 1,662	$ 1,743

XML 69 R55.htm IDEA: XBRL DOCUMENT

Note 3 - Income Taxes - Open Tax Years (Details)	12 Months Ended
Note 3 - Income Taxes - Open Tax Years (Details)	Jan. 31, 2018
U.S. Federal [Member]
Open tax years	FY15 and beyond
California [Member]
Open tax years	FY14 and beyond
Michigan [Member]
Open tax years	FY14 and beyond
New Jersey [Member]
Open tax years	FY14 and beyond
Australia [Member]
Open tax years	FY14 and beyond
France [Member]
Open tax years	FY15 and beyond
India [Member]
Open tax years	FY10, FY11, FY13, and FY14
Ireland [Member]
Open tax years	FY14 and beyond
United Kingdom [Member]
Open tax years	FY17 and beyond

XML 70 R56.htm IDEA: XBRL DOCUMENT

Note 4 - Stockholders' Equity (Details Textual)	12 Months Ended
Note 4 - Stockholders' Equity (Details Textual)	Jan. 31, 2018
Class A Common Stock to Class B Common Stock, Cash or Stock Dividends Payout Ratio	120.00%

XML 71 R57.htm IDEA: XBRL DOCUMENT

Note 4 - Stockholders' Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Amount	$ 5,367	$ 5,301	$ 5,235
Dividends Declaration Date One [Member]
Record Date	Dec. 26, 2017
Payable	Jan. 04, 2018
Amount	$ 1,346
Dividends Declaration Date One [Member] \| Common Class A [Member]
Dividend Per Share (in dollars per share)	$ 0.072
Dividends Declaration Date One [Member] \| Common Class B [Member]
Dividend Per Share (in dollars per share)	$ 0.06
Dividends Declaration Date Two [Member]
Record Date	Sep. 26, 2017
Payable	Oct. 03, 2017
Amount	$ 1,346
Dividends Declaration Date Two [Member] \| Common Class A [Member]
Dividend Per Share (in dollars per share)	$ 0.072
Dividends Declaration Date Two [Member] \| Common Class B [Member]
Dividend Per Share (in dollars per share)	$ 0.06
Dividend Declaration Date Three [Member]
Record Date	Jun. 27, 2017
Payable	Jul. 06, 2017
Amount	$ 1,344
Dividend Declaration Date Three [Member] \| Common Class A [Member]
Dividend Per Share (in dollars per share)	$ 0.072
Dividend Declaration Date Three [Member] \| Common Class B [Member]
Dividend Per Share (in dollars per share)	$ 0.06
Dividend Declaration Date Four [Member]
Record Date	Apr. 25, 2017
Payable	May 02, 2017
Amount	$ 1,331
Dividend Declaration Date Four [Member] \| Common Class A [Member]
Dividend Per Share (in dollars per share)	$ 0.072
Dividend Declaration Date Four [Member] \| Common Class B [Member]
Dividend Per Share (in dollars per share)	$ 0.06

XML 72 R58.htm IDEA: XBRL DOCUMENT

Note 5 - Stock-based Compensation (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016	Jun. 14, 2016	Jan. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Non-employee Board Members, Maximum Grants Per Year, Value	$ 250,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	653,000	623,000	617,000		503,000
Shares Paid for Tax Withholding for Share Based Compensation	74,000	75,000	52,000
Adjustments Related to Tax Withholding for Share-based Compensation	$ 2,400,000	$ 1,500,000	$ 1,400,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 12,500,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 255 days
Stock Appreciation Rights (SARs) [Member]
Shares Paid for Tax Withholding for Share Based Compensation	31,000	25,000	44,000
Adjustments Related to Tax Withholding for Share-based Compensation	$ 1,000,000	$ 600,000	$ 1,100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 5,700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 3,000,000	$ 2,100,000	$ 3,700,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 9.59	$ 5.43	$ 8.70
The 2016 Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				4,000,000
The 2016 Program [Member] \| Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,321,000
The 2016 Program [Member] \| Common Class A [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	281,000
The 2016 Program [Member] \| Common Class A [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	380,000
The 2006 Program [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	8 years
The 2006 Program [Member] \| Common Class A [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	372,000
The 2006 Program [Member] \| Common Class A [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,276,000
The 2006 Program [Member] \| Common Class B [Member] \| Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	368,000

XML 73 R59.htm IDEA: XBRL DOCUMENT

Note 5 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Allocated stock-based compensation expense	$ 8,924	$ 7,323	$ 7,440
Cost of Subscription [Member]
Allocated stock-based compensation expense	161	113	76
Cost of Maintenance and Other Revenue [Member]
Allocated stock-based compensation expense	384	299	271
Cost of Professional Services [Member]
Allocated stock-based compensation expense	1,085	848	739
Selling and Marketing Expense [Member]
Allocated stock-based compensation expense	1,510	1,200	1,377
Research and Development Expense [Member]
Allocated stock-based compensation expense	1,226	1,009	900
General and Administrative Expense [Member]
Allocated stock-based compensation expense	$ 4,558	$ 3,854	$ 4,077

XML 74 R60.htm IDEA: XBRL DOCUMENT

Note 5 - Stock-based Compensation - RSUs Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares
shares in Thousands

12 Months Ended

Jan. 31, 2018

Jan. 31, 2017

Jan. 31, 2016

Restricted stock (in shares)

623

617

503

Restricted stock, weighted average grant date fair value (in dollars per share)

$ 20.56

$ 20.91

$ 16.27

Granted (in shares)

295

307

326

Granted, weighted average grant date fair value (in dollars per share)

$ 30.69

$ 18.54

$ 24.75

Released (in shares)

^[1]

(245)

(259)

(192)

Released, weighted average grant date fair value (in dollars per share)

^[1]

$ 20.48

$ 18.96

$ 15.58

Forfeited (in shares)

(20)

(42)

(20)

Forfeited, weighted average grant date fair value (in dollars per share)

$ 22.36

$ 20.69

$ 18.93

Restricted stock (in shares)

653

623

617

Restricted stock, weighted average grant date fair value (in dollars per share)

$ 25.10

$ 20.56

$ 20.91

[1]

XML 75 R61.htm IDEA: XBRL DOCUMENT

Note 5 - Stock-based Compensation - Weighted Average Assumption to Value SARs (Details) - Stock Appreciation Rights (SARs) [Member]	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Expected life in years (Year)	5 years 182 days	5 years 91 days	5 years
Risk free interest rate	1.82%	1.16%	1.64%
Volatility	33.00%	36.00%	41.00%
Dividend rate	0.91%	1.51%	1.10%

XML 76 R62.htm IDEA: XBRL DOCUMENT

Note 5 - Stock-based Compensation - Options/SARs Activity (Details) - Options/SARs [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Outstanding (in shares)	2,793	2,596	2,499
Outstanding, weighted average exercise price (in dollars per share)	$ 15.51	$ 14.74	$ 12.69
Granted (in shares)	380	380	380
Granted, weighted average exercise price (in dollars per share)	$ 31.65	$ 18.64	$ 25.34
Exercised (in shares)	(139)	(158)	(266)
Exercised, weighted average exercise price (in dollars per share)	$ 10.52	$ 10.94	$ 10.69
Expired (in shares)	(10)	(17)	(12)
Expired, weighted average exercise price (in dollars per share)	$ 9.74	$ 12.56	$ 14.22
Forfeited (in shares)		(8)	(5)
Forfeited, weighted average exercise price (in dollars per share)		$ 12.09	$ 12.05
Outstanding (in shares)	3,024	2,793	2,596
Outstanding, weighted average exercise price (in dollars per share)	$ 17.78	$ 15.51	$ 14.74
Outstanding, weighted average remaining contractual term (Year)	4 years
Outstanding, aggregate intrinsic value	$ 72,901
Vested and exercisable (in shares)	2,073
Vested and exercisable, weighted average exercise price (in dollars per share)	$ 14.25
Vested and exercisable, weighted average remaining contractual term (Year)	2 years 328 days
Vested and exercisable, aggregate intrinsic value	$ 57,045

XML 77 R63.htm IDEA: XBRL DOCUMENT

Note 6 - Deferred Revenues - Summary of Deferred Revenues (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Deferred revenue	$ 116,693	$ 104,125
Long-term deferred revenue	2,156	2,353
Total deferred revenues	118,849	106,478
Software Service, Support and Maintenance Arrangement [Member]
Deferred revenue	80,811	78,923
Subscription Arrangement [Member]
Deferred revenue	31,034	20,389
Nonsoftware Service, Support and Maintenance Arrangement [Member]
Deferred revenue	3,523	2,550
Software License Arrangement [Member]
Deferred revenue	756	1,740
Deferred Other Revenue [Member]
Deferred revenue	$ 569	$ 523

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

- Definition

The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details

XML 78 R64.htm IDEA: XBRL DOCUMENT

Note 7 - Other Balance Sheet Accounts - Summary of Other Balance Sheet Accounts (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Other current assets
Deferred cost of revenues	$ 8,330	$ 8,194
Prepaid expenses	5,847	4,879
Income tax receivable, net of payables	213	928
Other	1,466	1,350
	15,856	15,351
Other assets, net
Other intangibles, net		415
Long-term deposits and prepaid expenses	2,463	1,323
Fair value of interest rate swap	187
Other long-term assets	405	950
	3,055	2,688
Accounts payable
Trade payables	9,346	7,392
VAT payable	5,472	3,924
	14,818	11,316
Other current liabilities
Accrued commissions and bonus	18,039	13,449
Accrued compensated absences	9,177	8,346
Other accrued payroll	6,038	4,477
Accrued professional fees	1,884	1,709
Accrued travel	1,839	1,304
Accrued contract labor	2,655	812
Other current liabilities	3,828	3,539
	43,460	33,636
Other liabilities
Long-term deferred revenue	2,156	2,353
Fair value of interest rate swap		190
Long-term tax contingency reserve	688	764
Lease restoration obligations	859	736
Other	1,736	871
	$ 5,439	$ 4,914

XML 79 R65.htm IDEA: XBRL DOCUMENT

Note 8 - Debt (Details Textual) - USD ($)		12 Months Ended
Note 8 - Debt (Details Textual) - USD ($)	May 30, 2012	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016	Jun. 30, 2017
2012 Mortgage [Member] \| Quad Ortega Hill LLC [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.56%
2012 Mortgage [Member] \| Rabobank N.A [Member] \| Quad Ortega Hill LLC [Member]
Debt Instrument, Face Amount	$ 16,100,000
Debt Instrument, Periodic Payment	88,100
Final Principal Payment	11,700,000
2012 Mortgage [Member] \| Rabobank N.A [Member] \| Quad Ortega Hill LLC [Member] \| Swap [Member]
Derivative Liability, Notional Amount	$ 16,100,000
Derivative, Fixed Interest Rate	4.31%
2012 Mortgage [Member] \| Rabobank N.A [Member] \| Quad Ortega Hill LLC [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Unsecured Credit Agreement [Member] \| Rabobank N.A [Member]
Loans Payable to Bank		$ 13,800,000
Line of Credit Facility, Maximum Borrowing Capacity					$ 20,000,000
Proceeds from Lines of Credit		$ 0	$ 0	$ 0

XML 80 R66.htm IDEA: XBRL DOCUMENT

Note 8 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Note payable	$ 13,825	$ 14,269
Less current maturities	(466)	(446)
Less loan origination costs, net	(46)	(56)
Long-term debt	$ 13,313	$ 13,767

XML 81 R67.htm IDEA: XBRL DOCUMENT

Note 9 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands	12 Months Ended
	Jan. 31, 2018 USD ($)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0

XML 82 R68.htm IDEA: XBRL DOCUMENT

Note 9 - Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2018 USD ($)
Balance	$ 112,686
Balance	105,628
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(8,631)
Other comprehensive loss before reclassifications	1,803
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive loss	1,803
Balance	$ (6,828)

XML 83 R69.htm IDEA: XBRL DOCUMENT

Note 10 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Foreign Plan [Member] \| Pension Plan [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 5.3	$ 4.8	$ 4.8
Foreign Plan [Member] \| Pension Plan [Member] \| Minimum [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Foreign Plan [Member] \| Pension Plan [Member] \| Maximum [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	20.00%
The 401(k) Plan [Member] \| UNITED STATES
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	75.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	4.00%
Defined Contribution Benefit Plan Employer Matching Contribution Vesting Period	5 years
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 2.2	$ 2.1	$ 1.8

XML 84 R70.htm IDEA: XBRL DOCUMENT

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Operating Leases, Rent Expense	$ 4.9	$ 4.9	$ 5.0
Contractual Obligation	$ 13.0

XML 85 R71.htm IDEA: XBRL DOCUMENT

Note 11 - Commitments and Contingencies - Lease Obligations (Details) $ in Millions	Jan. 31, 2018 USD ($)
2019	$ 6.0
2020	4.3
2021	2.5
2022	0.8
2023	0.5
Thereafter	0.2
	$ 14.3

XML 86 R72.htm IDEA: XBRL DOCUMENT

Note 12 - Business Segment Information (Details Textual)	12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
Number of Geographic Locations	4
Number of Operating Segments	1
Geographic Concentration Risk [Member] \| North America Revenue [Member] \| CANADA
Concentration Risk, Percentage	2.00%	2.00%	2.00%

XML 87 R73.htm IDEA: XBRL DOCUMENT

Note 12 - Business Segment Information - Revenue by Region (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jan. 31, 2018

Oct. 31, 2017

Jul. 31, 2017

Apr. 30, 2017

Jan. 31, 2017

Oct. 31, 2016

Jul. 31, 2016

Apr. 30, 2016

Jan. 31, 2018

Jan. 31, 2017

Jan. 31, 2016

$ 80,753

$ 76,925

$ 75,958

$ 71,382

$ 73,264

$ 69,534

$ 69,778

$ 65,397

$ 305,018

$ 277,973

$ 277,852

Reportable Geographical Components [Member] | North America [Member]

30,408

30,872

30,408

30,872

^[1]

141,614

129,436

127,776

Reportable Geographical Components [Member] | EMEA [Member]

25,546

26,601

25,546

26,601

89,693

81,765

84,268

Reportable Geographical Components [Member] | Asia Pacific [Member]

3,444

2,861

3,444

2,861

50,689

47,742

46,457

Reportable Geographical Components [Member] | Latin America [Member]

1,141

1,075

1,141

1,075

23,022

19,030

$ 19,351