STOCKHOLDERS' EQUITY

12 Months Ended

Jan. 31, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 9—STOCKHOLDERS' EQUITY

        On December 12, 2012, the Company's Board of Directors authorized a program to repurchase up to $50.0 million of the Company's common stock to be made from time to time in the open market or in privately negotiated transactions, with no expiration date. The Company did not repurchase any shares of Common Stock in fiscal 2014 and repurchased 237,624 shares of Common Stock for $2.8 million in fiscal 2013. The repurchased shares were placed into the Company's treasury.