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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2015
Jan. 31, 2015
[1]
Current assets    
Cash and cash equivalents $ 5,065 $ 6,709
Accounts receivable, net of allowance for doubtful accounts of $446 and $484 at July 31, 2015 and January 31, 2015, respectively 15,711 13,277
Inventories, net of reserves of approximately $2,605 and $2,454 at July 31, 2015 and January 31, 2015, respectively 41,902 37,092
Deferred income taxes 84 1,144
Assets of discontinued operations in Brazil 0 6,335
Prepaid VAT tax 1,657 1,717
Other current assets 2,773 2,361
Total current assets 67,192 68,635
Property and equipment, net 9,696 10,144
Assets held for sale 881 0
Deferred income tax, noncurrent 13,101 13,101
Prepaid VAT and other taxes 173 173
Security deposits 80 113
Intangibles, prepaid bank fees and other assets, net 141 171
Goodwill 871 871
Total assets 92,135 93,208
Current liabilities    
Accounts payable 8,508 7,763
Accrued compensation and benefits 1,047 1,120
Other accrued expenses 1,696 1,462
Liabilities of discontinued operations in Brazil 753 6,574
Current maturity of long-term debt 50 50
Current maturity of accrued arbitration award 0 1,000
Short-term borrowing 2,746 2,611
Borrowings under revolving credit facility 8,897 5,642
Total current liabilities 23,697 26,222
Accrued arbitration award, less current portion 0 2,870
Long-term portion of Canada loan 759 800
VAT taxes payable long term 118 60
Total liabilities 24,574 29,952
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 7,590,235 and 7,414,037; outstanding 7,233,794 and 7,057,596 at July 31, 2015 and January 31, 2015 respectively 76 74
Treasury stock, at cost; 356,441 shares at July 31, 2015 and January 31, 2015 (3,352) (3,352)
Additional paid-in capital 64,130 64,594
Retained earnings 7,917 4,654
Accumulated other comprehensive loss (1,210) (2,714)
Total stockholders' equity 67,561 63,256
Total liabilities and stockholders' equity $ 92,135 $ 93,208
[1] Restated for discontinued operations.