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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2017
Jan. 31, 2017
Current assets    
Cash and cash equivalents $ 11,848 $ 10,365
Accounts receivable, net of allowance for doubtful accounts of $340 and $417 at April 30, 2017 and January 31, 2017, respectively 12,689 10,704
Inventories, net of allowance of $2,528 and $2,305 at April 30, 2017 and January 31, 2017, respectively 32,088 35,535
Prepaid VAT tax 1,202 1,361
Other current assets 2,156 2,121
Total current assets 59,983 60,086
Property and equipment, net 8,432 8,527
Assets held for sale 901 901
Deferred income tax 13,210 13,515
Prepaid VAT and other taxes 484 478
Other assets 91 176
Goodwill 871 871
Total assets [1] 83,972 84,554
Current liabilities    
Accounts payable 5,263 4,928
Accrued compensation and benefits 1,101 1,311
Other accrued expenses 1,276 1,018
Current maturity of long-term debt 50 50
Short-term borrowings 9 153
Borrowings under revolving credit facility 2,363 4,865
Total current liabilities 10,062 12,325
Long-term portion of debt 678 716
VAT taxes payable 6 6
Total liabilities 10,746 13,047
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 7,620,861 and 7,620,215; outstanding 7,264,420 and 7,263,774 at April 30, 2017 and January 31, 2017, respectively 76 76
Treasury stock, at cost; 356,441 shares at April 30, 2017 and January 31, 2017 (3,352) (3,352)
Additional paid-in capital 64,862 64,764
Retained earnings 14,112 12,401
Accumulated other comprehensive loss (2,472) (2,382)
Total stockholders' equity 73,226 71,507
Total liabilities and stockholders' equity $ 83,972 $ 84,554
[1] Negative assets reflect intersegment amounts eliminated in consolidation