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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 31, 2016
Jan. 31, 2016
Current assets    
Cash and cash equivalents $ 7,940 $ 7,022
Accounts receivable, net of allowance for doubtful accounts of $573 and $593 at July 31, 2016 and January 31, 2016, respectively 11,978 11,476
Inventories, net of allowance of $2,355 and $2,566 at July 31, 2016 and January 31, 2016, respectively 39,239 40,841
Deferred income taxes 1,171 1,555
Prepaid VAT tax 1,430 1,143
Other current assets 2,925 1,635
Total current assets 64,683 63,672
Property and equipment, net 8,810 9,268
Assets held for sale 1,051 1,101
Deferred income tax, noncurrent 12,783 12,783
Prepaid VAT and other taxes 377 377
Security deposits 111 93
Other assets 8 95
Goodwill 871 871
Total assets [1] 88,694 88,260
Current liabilities    
Accounts payable 6,616 4,254
Accrued compensation and benefits 995 1,157
Other accrued expenses 1,763 1,813
Current maturity of long-term debt 50 50
Short-term borrowing 3,232 3,226
Borrowings under revolving credit facility 6,160 9,458
Total current liabilities 18,816 19,958
Long-term portion of debt 731 691
VAT taxes payable 8 95
Total liabilities 19,555 20,744
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par; authorized 1,500,000 shares (none issued) 0 0
Common stock, $0.01 par; authorized 10,000,000 shares, Issued 7,612,638 and 7,610,603; outstanding 7,256,197 and 7,254,162 at July 31, 2016 and January 31, 2016, respectively 76 76
Treasury stock, at cost; 356,441 shares at July 31, 2016 and January 31, 2016 (3,352) (3,352)
Additional paid-in capital 64,543 64,468
Retained earnings 9,942 8,508
Accumulated other comprehensive loss (2,070) (2,184)
Total stockholders' equity 69,139 67,516
Total liabilities and stockholders' equity $ 88,694 $ 88,260
[1] Negative assets reflect intersegment accounts eliminated in consolidation