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INCOME TAXES (Tables)
12 Months Ended
Jan. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of components of income tax expense (benefit)

 

Domestic and Foreign Pretax Income (Loss)   FY19     FY18  
Domestic   $ (1,116 )   $ 7,480  
Foreign     4,597       863  
                 
Total   $ 3,481     $ 8,343  

 

Income Tax Expense (Benefit)   FY19     FY18  
Current:            
  Federal   $ 45     $ 600  
  State and other taxes     20       20  
  Foreign     1,667       1,325  
    $ 1,732     $ 1,945  
                 
Deferred:                
Domestic   $ 290     $ 5,955  
Valuation allowance-deferred tax asset     -----       3  
Foreign     -----       -----  
      290       5,958  
Total   $ 2,022     $ 7,903  

 

Schedule of effective income tax rate reconciliation
  2019 2018
Statutory rate 21.00% 33.81%
State Income Taxes, Net of Federal Tax Benefit 6.89 2.27
Adjustment to Deferred (0.92) -----
Foreign Dividend and Subpart F Income ----- (17.19)
Transition Tax (net of FTC from Transition Tax) ----- 26.53
Argentina Flow Through Loss 1.37 0.38
GILTI 16.85 -----
Permanent Differences 0.63 (1.32)
Valuation Allowance-Deferred Tax Asset (24.46) 0.34
Foreign Tax Credit 24.46  
Foreign Rate Differential 20.16  
Rate Change (5.63) 47.17
Other (2.25) 2.74
Effective Rate 58.09% 94.73%
Schedule of deferred tax assets and liabilities
  2019 2018
Deferred tax assets:    
Inventories $849 $866
US tax loss carryforwards, including work opportunity credit* 4,290 4,411
Accounts receivable and accrued rebates 233 242
Accrued compensation and other 314 190
India reserves - US deduction 46 19
Equity based compensation 299 126
Foreign tax credit carry-forward 1,348 2,199
State and local carry-forwards 1,116 1,017
Argentina timing difference 32 37
Depreciation and other 59 90
Amortization (193) (174)
Brazil write-down 222 181
Allowance for Note Receivable - Brazil ----- 552
Deferred tax asset 8,615 9,756
Less valuation allowance 1,348 2,199
Net deferred tax asset $7,267 $7,557