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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2015
Jan. 31, 2015
Current assets    
Cash and cash equivalents $ 4,288 $ 6,709 [1]
Accounts receivable, net of allowance for doubtful accounts of $434 and $484 at October 31, 2015 and January 31, 2015, respectively 14,566 13,277 [1]
Inventories, net of reserves of $2,519 and $2,454 at October 31, 2015 and January 31, 2015, respectively 43,501 37,092 [1]
Deferred income taxes 2,978 1,144 [1]
Assets of discontinued operations in Brazil 0 6,335 [1]
Prepaid VAT tax 1,695 1,717 [1]
Other current assets 2,818 2,361 [1]
Total current assets 69,846 68,635 [1]
Property and equipment, net 9,614 10,144 [1]
Assets held for sale 1,101 0 [1]
Deferred income tax, noncurrent 9,700 13,101 [1]
Prepaid VAT and other taxes 173 173 [1]
Security deposits 94 113 [1]
Intangibles, prepaid bank fees and other assets, net 118 171 [1]
Goodwill 871 871 [1]
Total assets [2] 91,517 93,208 [1]
Current liabilities    
Accounts payable 7,417 7,763 [1]
Accrued compensation and benefits 817 1,120 [1]
Other accrued expenses 1,738 1,462 [1]
Liabilities of discontinued operations in Brazil 532 6,574 [1]
Current maturity of long-term debt 50 50 [1]
Current maturity of accrued arbitration award 0 1,000 [1]
Short-term borrowing 2,325 2,611 [1]
Borrowings under revolving credit facility 8,391 5,642 [1]
Total current liabilities 21,270 26,222 [1]
Accrued arbitration award, less current portion 0 2,870 [1]
Long-term portion of Canada loan 747 800 [1]
Deferred taxes long-term 112 60
Total liabilities 22,129 29,952 [1]
Stockholders’ equity    
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued) 0 0 [1]
Common stock, $.01 par; authorized 10,000,000 shares, Issued 7,597,355 and 7,414,037; outstanding 7,240,914 and 7,057,596 at October 31, 2015 and January 31, 2015, respectively 76 74 [1]
Treasury stock, at cost; 356,441 shares at October 31, 2015 and January 31, 2015 (3,352) (3,352) [1]
Additional paid-in capital 64,336 64,594 [1]
Retained earnings 10,037 4,654 [1]
Accumulated other comprehensive loss (1,709) (2,714) [1]
Total stockholders' equity 69,388 63,256 [1]
Total liabilities and stockholders' equity $ 91,517 $ 93,208 [1]
[1] Restated for discontinued operations.
[2] Negative assets reflect intersegment accounts eliminated in consolidation