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Stock-Based Compensation and Stockholders' Rights (Tables)
12 Months Ended
Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock and Stock Unit Award Activity
The following table presents a summary of restricted stock and stock unit awards:
 
 
 
 
Expense for 12 months ended
 
Unrecognized
Compensation
Cost at
Date of Grants
Units Granted
Terms of Vesting
 
1/31/2017
 
1/31/2016
 
1/31/2015
 
1/31/2017
2011 Stock Incentive Plan


 

 

 

 

06/21/2016
51,284

1 year
 
$
133,000

 
$

 
$

 
$
66,000

06/21/2016
36,000

3 years
 
32,000

 

 

 
108,000

06/22/2015
48,000

4 years
 
32,000

 
22,000

 

 
78,000

06/22/2015
27,174

1 year
 
25,000

 
50,000

 

 

06/24/2014
490,000

5 years
 
240,000

 
246,000

 
171,000

 
560,000

06/24/2014
28,626

1 year
 

 
25,000

 
49,000

 

12/03/2013
10,000

1 year
 

 

 
13,000

 

06/25/2013
71,430

1 year
 

 

 
50,000

 

06/19/2012
520,000

5 years
 
147,000

 
150,000

 
157,000

 
50,000

2007 Stock Incentive Plan
 
 
 
 
 
 
 
 
 
 
06/16/2009
382,500

5 years
 

 

 
62,000

 

Totals for the period


 
$
609,000

 
$
493,000

 
$
502,000

 
$
862,000

A summary of the Company’s restricted stock unit awards activity, and related information for the following years ended January 31, is as follows: 
 
2017
 
2016
 
2015
 
Restricted
stock units
 
Weighted-
average fair
value of
restricted
stock units
 
Restricted
stock units
 
Weighted-
average fair
value of
restricted
stock units
 
Restricted
stock units
 
Weighted-
average fair
value of
restricted
stock units
Outstanding at beginning of year
657,174

 
$
2.34

 
812,626

 
$
2.24

 
544,430

 
$
1.87

Granted
87,284

 
3.89

 
75,174

 
2.76

 
518,626

 
2.61

Vested
(223,174
)
 
4.04

 
(212,626
)
 
2.79

 
(232,430
)
 
2.38

Forfeited
(30,000
)
 
2.61

 
(18,000
)
 
2.74

 
(18,000
)
 
2.61

Outstanding at end of year
491,284

 
2.46

 
657,174

 
2.34

 
812,626

 
2.24

Weighted-average fair value of restricted stock units granted during the year
 
 
3.89

 
 
 
2.76

 
 
 
2.61