Income Taxes (Tables)

12 Months Ended

Jan. 31, 2016

Income Tax Disclosure [Abstract]

Income tax expense (benefit) reconciled to statutory rate

The income tax expense (benefit) for the last three years is reconciled to the statutory federal income tax rate using the liability method as follows (in thousands):

	Year ended January 31,
	2016			2015			2014
Statutory	$	1,587		$	285		$	(929	)
State taxes (net of federal tax)	303			144			(47		)
Change in valuation allowance	(2,214		)	(248		)	(253		)
State rate adjustment	168			(8		)	82
Change in unrecognized tax benefits	(3		)	(19		)	(32		)
Expirations of attributes	229			65			100
Other	48			(150		)	76
Income tax expense (benefit)	$	118		$	69		$	(1,003	)

Significant components of expense (benefit)

Significant components of the expense (benefit) for income taxes (in thousands) attributed to continuing operations are as follows:

	Year ended January 31,
	2016			2015			2014
Current
Federal	$	1		$	—		$	1
State	40			35			(24		)
	41			35			(23		)
Deferred
Federal	1,567			232			(753		)
State	724			48			23
	2,291			280			(730		)
Change in Valuation Allowance	(2,214		)	(246		)	(250		)
	77			34			(980		)
Income tax expense (benefit)	$	118		$	69		$	(1,003	)

Deferred tax assets and liabilities

Deferred tax assets and liabilities (in thousands) are comprised of the following:

	Year ended January 31,
	2016			2015
Deferred tax assets
Accrued vacation and sick leave	$	1,106		$	1,003
Retirement plans	8,837			10,887
Insurance reserves	791			830
Warranty	535			487
Net operating loss carryforwards	10,393			13,303
Intangibles	25			145
Inventory	1,582			1,472
Other	859			595
	$	24,128		$	28,722
Deferred tax liabilities
Tax in excess of book depreciation	$	(1,432	)	$	(1,458	)
Other	(87		)	(85		)
	$	(1,519	)	$	(1,543	)
Valuation allowance	(21,906		)	(26,399		)
Net long term deferred tax asset	$	703		$	780

Unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits from February 1, 2013 to January 31, 2016 (in thousands):

	January 31,
	2016			2015
Balances as of February 1,	$	36		$	52
Increases related to prior year tax positions	—			3
Decreases related to prior year tax positions	(2		)	—
Increases related to current year tax positions	5			6
Decreases relating to settlements with taxing authorities	—			—
Decreases related to lapsing of statute of limitations	(8		)	(25		)
Balance as of January 31,	$	31		$	36