CONSOLIDATED BALANCE SHEETS (USD $)	Jul. 31, 2011	Jan. 31, 2011
ASSETS
Cash and cash equivalents	$ 29,721,241	$ 32,400,814
Short-term investments	764,061	497,155
Accounts receivable, net of allowance for doubtful accounts of approximately $502,000 and $444,000, respectively	16,747,749	15,311,322
Inventories	16,978,928	15,474,430
Prepaid expenses, deposits and other current assets	1,548,145	1,578,176
Deferred income taxes	84,920	84,155
Total current assets	65,845,044	65,346,052
Property, plant and equipment, net	20,037,462	19,863,031
Goodwill	20,798,913	20,798,913
Other assets	2,445,066	2,038,332
Total assets	109,126,485	108,046,328
LIABILITIES AND SHAREHOLDERS' EQUITY
Current portion of debt	779,635	532,540
Accounts payable	6,953,702	4,864,724
Accrued salaries, wages and benefits	1,325,244	1,650,314
Other accrued expenses	2,245,854	2,286,043
Dividend payable	967,530	967,445
Customers' advances	1,281,454	907,107
Total current liabilities	13,553,419	11,208,173
Long-term debt	2,868,339	3,011,988
Accrued pension retirement benefits	3,801,474	6,553,262
Other non-current liabilities	55,293	54,195
Deferred income taxes	2,728,515	2,745,786
Total liabilities	23,007,040	23,573,404
Shareholders' equity
Common shares, $.10 par value; 36,000,000 shares authorized, 15,928,679 shares issued, of which 1,269,134 and 1,270,417 shares were reacquired and held in treasury at the respective dates	1,592,868	1,592,868
Additional paid-in capital	3,809,401	3,448,249
Retained earnings	94,080,929	93,113,247
Accumulated other comprehensive loss	(2,882,580)	(3,201,767)
Treasury shares, at cost	(10,481,173)	(10,479,673)
Total shareholders' equity	86,119,445	84,472,924
Total liabilities and shareholders' equity	$ 109,126,485	$ 108,046,328