Income Taxes (Tables)

12 Months Ended

Jan. 31, 2017

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 as follows (in thousands):

	Year ended January 31,
	2017			2016			2015
Statutory	$	1,607		$	1,587		$	285
State taxes (net of federal tax)	363			303			144
Change in valuation allowance	(19,831		)	(2,214		)	(248		)
State rate adjustment	(548		)	168			(8		)
Change in unrecognized tax benefits	(1		)	(3		)	(19		)
Expirations of attributes	408			229			65
Other	(31		)	48			(150		)
Income tax expense (benefit)	$	(18,033	)	$	118		$	69

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,
	2017			2016			2015
Current
Federal	$	24		$	1		$	—
State	65			40			35
	89			41			35
Deferred
Federal	1,519			1,567			232
State	190			724			48
	1,709			2,291			280
Change in Valuation Allowance	(19,831		)	(2,214		)	(246		)
	(18,122		)	77			34
Income tax expense (benefit)	$	(18,033	)	$	118		$	69

Deferred tax assets and liabilities

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

	Year ended January 31,
	2017			2016
Deferred tax assets
Accrued vacation and sick leave	$	1,211		$	1,106
Retirement plans	6,900			8,837
Insurance reserves	633			791
Warranty	383			386
Net operating loss carryforwards	7,627			10,393
Intangibles	—			25
Inventory	1,418			1,582
Other	1,005			1,008
	$	19,177		$	24,128
Deferred tax liabilities
Tax in excess of book depreciation	$	(1,556	)	$	(1,432	)
Other	(98		)	(87		)
	$	(1,654	)	$	(1,519	)
Valuation allowance	(515		)	(21,906		)
Net long term deferred tax asset	$	17,008		$	703

Unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits from February 1, 2015 to January 31, 2017 (in thousands):

	January 31,
	2017			2016
Balances as of February 1,	$	31		$	36
Increases related to prior year tax positions	1			—
Decreases related to prior year tax positions	—			(2		)
Increases related to current year tax positions	5			5
Decreases relating to settlements with taxing authorities	—			—
Decreases related to lapsing of statute of limitations	(8		)	(8		)
Balance as of January 31,	$	29		$	31