STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 31, 2013

STOCK-BASED COMPENSATION [Abstract]

Restricted stock units transactions

The following table summarizes RSU transactions for the fiscal year ended January 31, 2013:

	Units
Non-vested at February 1, 2012		8,385
Granted		15,465
Vested		(8,385	)
Forfeited		-
Non-vested at January 31, 2013		15,465

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:

	Fiscal Years Ended January 31,
	2013			2012		2011
Expected term (years)		5.0			-		5.0
Risk-free interest rate		0.88% - 2.11	%		-		1.90% - 3.53	%
Expected volatility		43% - 45	%		-		29% - 45	%
Dividend yield		2.18% - 2.93	%		-		1.88% - 2.48	%

Summary of stock option transactions

The following table summarizes stock option transactions for the fiscal year ended January 31, 2013:

						Weighted
				Weighted		Average		Aggregate
				Average		Remaining		Intrinsic
	Shares			Exercise Price		Life (years)		Value
Options:
Outstanding at February 1, 2012		1,223,292		$	10.2437		5.52		.
Granted		155,224			10.0439
Forfeited		(28,078	)		10.8943
Expired		(9,956	)		5.5476
Exercised		(37,290	)		7.9407
Outstanding at January 31, 2013		1,303,192		$	10.3077		4.83	$	766,478
Exercisable at January 31, 2013		1,134,088		$	10.2890		4.23	$	718,907

Summary of options outstanding and options exercisable

The following table summarizes information about the options outstanding and options exercisable as of January 31, 2013:

	Options Outstanding						Options Exercisable
			Weighted Average
			Remaining		Weighted Average				Weighted Average
	Shares		Life (years)		Exercise Price		Shares		Exercise Price
Range of prices:
$7.00 – 8.99		108,450		2.06	$	7.4110		108,450	$	7.4110
$9.00 – 9.99		541,107		4.92		9.5475		451,010		9.4881
$10.00 – 10.99		203,391		4.90		10.7823		155,337		10.9000
$11.00 – 11.99		335,800		4.78		11.5426		335,800		11.5426
$12.00 – 12.99		114,444		7.12		12.1800		83,491		12.1800
		1,303,192		4.83	$	10.3077		1,134,088	$	10.2890