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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2017
Jan. 31, 2016
Current assets    
Cash and cash equivalents $ 10,365 $ 7,022
Accounts receivable, net of allowance for doubtful accounts of $417 and $593 at January 31, 2017 and 2016, respectively 10,704 11,476
Inventories, net of allowance of $2,305 and $2,566 at January 31, 2017 and 2016, respectively 35,535 40,841
Prepaid VAT tax 1,361 1,143
Other current assets 2,121 1,635
Total current assets 60,086 62,117
Property and equipment, net 8,527 9,268
Assets held for sale 901 1,101
Deferred income tax 13,515 14,338
Prepaid VAT and other taxes 478 377
Other assets 176 188
Goodwill 871 871
Total assets [1] 84,554 88,260
Current liabilities    
Accounts payable 4,928 4,254
Accrued compensation and benefits 1,311 1,157
Other accrued expenses 1,018 1,813
Current maturity of long-term debt 50 50
Short-term borrowings 153 3,226
Borrowings under revolving credit facility 4,865 9,458
Total current liabilities 12,325 19,958
Long-term portion of debt 716 691
VAT taxes payable 6 95
Total liabilities 13,047 20,744
Commitments and contingencies
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 7,620,215 and 7,610,603; outstanding 7,263,774 and 7,254,162 at January 31, 2017 and 2016, respectively 76 76
Treasury stock, at cost; 356,441 shares at January 31, 2017 and 2016, respectively (3,352) (3,352)
Additional paid-in capital 64,764 64,468
Retained earnings 12,401 8,508
Accumulated other comprehensive loss (2,382) (2,184)
Total stockholders' equity 71,507 67,516
Total liabilities and stockholders' equity $ 84,554 $ 88,260
[1] Negative assets reflect intersegment amounts eliminated in consolidation