STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Oct. 31, 2012

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

	Nine Months Ended
	October 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 nine-month period ended October 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		(9,703	)		10.7849
Expired		(9,956	)		5.5476
Exercised		-			-
Outstanding at October 31, 2012		1,358,857		$	10.2514		5.07	$	235,773

Exercisable at October 31, 2012		1,077,427		$	10.1935		4.16	$	235,773

Restricted stock units transactions

The following table summarizes RSU transactions for the nine months ended October 31, 2012:

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