SHAREHOLDERS' EQUITY

12 Months Ended

Jan. 31, 2013

SHAREHOLDERS' EQUITY [Abstract]

SHAREHOLDERS' EQUITY

NOTE 8:                 SHAREHOLDERS' EQUITY

During the fiscal years ended January 31, 2013 and 2012, the Company repurchased 27,448 and 16,861 shares, respectively, pursuant to a 300,000 share stock repurchase program authorized by the Company's Board of Directors on November 5, 2008.  The 300,000 share stock repurchase program has no fixed expiration date and, as of January 31, 2013, there were 143,048 shares remaining under the program.

The Company has a Shareholders' Rights Plan, as amended, under which the Company's Board of Directors declared a dividend of one Right for each Common Share owned.  The Plan provides, under certain conditions involving acquisition of the Company's Common Shares, that holders of Rights, except for the acquiring entity, would be entitled to purchase Common Shares of the Company, or acquiring company, having a value of twice the Rights' exercise price.  The Rights under the Plan expire in 2020.