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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2016
Jan. 31, 2015
[1]
Current assets    
Cash and cash equivalents $ 7,022 $ 6,709
Accounts receivable, net of allowance for doubtful accounts of $593 and $448 at January 31, 2016 and January 31, 2015, respectively 11,476 13,277
Inventories, net of reserves of $2,566 and $2,454 at January 31, 2016 and January 31, 2015, respectively 40,841 37,092
Deferred income taxes 1,555 1,144
Assets of discontinued operations in Brazil 0 6,335
Prepaid VAT tax 1,143 1,717
Other current assets 1,635 2,361
Total current assets 63,672 68,635
Property and equipment, net 9,268 10,144
Assets held for sale 1,101 0
Deferred income tax, noncurrent 12,783 13,101
Prepaid VAT and other taxes 377 173
Security deposits 93 113
Intangibles, prepaid bank fees and other assets, net 95 171
Goodwill 871 871
Total assets [2] 88,260 93,208
Current liabilities    
Accounts payable 4,254 7,763
Accrued compensation and benefits 1,157 1,120
Other accrued expenses 1,575 1,462
Liabilities of discontinued operations in Brazil 238 6,574
Current maturity of long-term debt 50 50
Current maturity of accrued arbitration award 0 1,000
Short-term borrowing 3,226 2,611
Borrowings under revolving credit facility 9,458 5,642
Total current liabilities 19,958 26,222
Accrued arbitration award, less current portion 0 2,870
Long-term portion of Canada loan 691 800
VAT taxes payable long term 95 60
Total liabilities 20,744 29,952
Stockholders’ equity    
Preferred stock, $0.01 par; authorized 1,500,000 shares (none issued) 0 0
Common stock, $.01 par; authorized 10,000,000 shares, Issued 7,610,603 and 7,414,037; outstanding 7,254,162 and 7,057,596 at January 31, 2016 and January 31, 2015, respectively 76 74
Treasury stock, at cost; 356,441 shares at January 31, 2016 and January 31, 2015 (3,352) (3,352)
Additional paid-in capital 64,468 64,594
Retained earnings 8,508 4,654
Accumulated other comprehensive loss (2,184) (2,714)
Total stockholders' equity 67,516 63,256
Total liabilities and stockholders' equity $ 88,260 $ 93,208
[1] Restated for discontinued operations
[2] Negative assets reflect intersegment accounts eliminated in consolidation