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CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2013
Jan. 31, 2012
ASSETS    
Cash and cash equivalents $ 6,736,962 $ 5,711,038
Accounts receivable, net of allowance for doubtful accounts of $342,000 and $270,200 at January 31, 2013 and 2012, respectively 13,782,908 12,576,362
Inventories 39,270,675 45,668,355
Deferred income taxes 0 3,987,671
Assets of discontinued operations in India 813,182 1,998,570
Prepaid income tax 1,564,834 1,772,806
Other current assets 1,703,322 1,993,151
Total current assets 63,871,883 73,707,953
Property and equipment, net 14,089,987 13,914,826
Prepaid VAT and other taxes, noncurrent 2,461,386 2,791,107
Security deposits 1,546,250 1,330,679
Intangibles and other assets, net 477,200 4,527,335
Goodwill 871,297 6,132,954
Total assets 83,318,003 102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 6,704,001 4,600,437
Accrued compensation and benefits 975,758 1,304,818
Other accrued expenses 2,409,454 1,584,894
Liabilities of discontinued operations in India 25,041 64,780
Current maturity of long-term debt 100,481 1,898,259
Current maturity of arbitration settlement 1,000,000 0
Short-term borrowing 1,578,779 0
Term loans to TD Bank 5,550,000 0
Borrowings under revolving credit facility 9,558,882 0
Total current liabilities 27,902,396 9,453,188
Accrued arbitration award in Brazil (net of current maturities) 4,710,691 0
Borrowings under revolving credit facility 0 11,457,807
Other long-term debt 1,298,085 4,814,682
Other liabilities - accrued legal fees in Brazil 86,911 99,367
VAT taxes payable long-term 3,328,820 3,312,953
Total liabilities 37,326,903 29,137,997
Stockholders' equity    
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued) 0 0
Common stock, $.01 par; authorized 10,000,000 shares, issued 5,688,600 and 5,581,919; outstanding, 5,332,159 and 5,225,478 at January 31, 2013 and 2012, respectively 56,886 55,819
Treasury stock, at cost; 356,441 shares at January 31, 2013 and January 31, 2012 (3,352,291) (3,352,291)
Additional paid-in capital 50,973,065 50,772,594
Retained earnings (deficit) (472,445) 25,816,224
Accumulated other comprehensive loss (1,214,115) (25,489)
Total stockholders' equity 45,991,100 73,266,857
Total liabilities and stockholders' equity $ 83,318,003 $ 102,404,854