STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jul. 31, 2012

STOCK-BASED COMPENSATION [Abstract]

Valuation assumptions

The application of this valuation model relies on the following assumptions that are judgmental and sensitive in the determination of the compensation expense:

	Six Months Ended
	July 31,
	2012	2011
Expected term (years)	5.0	-
Risk-free interest rate	0.88%	-
Expected volatility	44%	-
Dividend yield	2.88% - 2.93%	-

Summary of stock option transactions

The following table summarizes stock option transactions for the six-month period ended July 31, 2012:

					Weighted
				Weighted	Average
				Average	Remaining	Aggregate
		Shares		Exercise Price	Life (years)	Intrinsic Value
Options:
	Outstanding at February 1, 2012	1,223,292		$10.2437	5.52
	Granted	155,224		10.0439
	Forfeited	(3,301	)	12.1800
	Expired	(9,956	)	5.5476
	Exercised	-		-
	Outstanding at July 31, 2012	1,365,259		$10.2506	5.34	$227,781
	Exercisable at July 31, 2012	1,074,125		$10.1874	4.40	$227,781

Restricted stock units transactions

The following table summarizes RSU transactions for the six months ended July 31, 2012:

	Units
Non-vested at February 1, 2012	8,385
Granted	15,465
Vested	(8,385	)
Forfeited	-
Non-vested at July 31, 2012	15,465