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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2016
Jan. 31, 2016
Current assets    
Cash and cash equivalents $ 8,453 $ 7,022
Accounts receivable, net of allowance for doubtful accounts of $552 and $593 at October 31, 2016 and January 31, 2016, respectively 11,322 11,476
Inventories, net of allowance of $2,561 and $2,566 at October 31, 2016 and January 31, 2016, respectively 36,605 40,841
Prepaid VAT tax 1,516 1,143
Other current assets 2,018 1,635
Total current assets 59,914 62,117
Property and equipment, net 8,538 9,268
Assets held for sale 976 1,101
Deferred income tax 14,098 14,338
Prepaid VAT and other taxes 558 377
Other assets 92 188
Goodwill 871 871
Total assets [1] 85,047 88,260
Current liabilities    
Accounts payable 4,833 4,254
Accrued compensation and benefits 1,149 1,157
Other accrued expenses 1,640 1,813
Current maturity of long-term debt 50 50
Short-term borrowings 294 3,226
Borrowings under revolving credit facility 5,771 9,458
Total current liabilities 13,737 19,958
Long-term portion of debt 704 691
VAT taxes payable 8 95
Total liabilities 14,449 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 7,618,155 and 7,610,603; outstanding 7,261,714 and 7,254,162 at October 31, 2016 and January 31, 2016, respectively 76 76
Treasury stock, at cost; 356,441 shares at October 31, 2016 and January 31, 2016 (3,352) (3,352)
Additional paid-in capital 64,683 64,468
Retained earnings 11,454 8,508
Accumulated other comprehensive loss (2,263) (2,184)
Total stockholders' equity 70,598 67,516
Total liabilities and stockholders' equity $ 85,047 $ 88,260
[1] Negative assets reflect intersegment accounts eliminated in consolidation