INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2022

INCOME TAXES

Provision for income taxes

	Years Ended January 31,
Domestic and Foreign Pretax Income	2022		2021
Domestic	$	1,519	$	8,147
Foreign		14,634		35,766
Total	$	16,153	$	43,913

Schedule of Income Tax Expense (Benefit)

	Years Ended January 31,
	2022		2021
Income Tax Expense (Benefit)
Current:
Federal	($171)		$	41
State and other taxes		88		54
Foreign		4,205		5,483
Total Current Tax Expense	$	4,122	$	5,578
Deferred:
Domestic	$	526	$	3,005
Foreign		133		----
Total Deferred Tax Expense	$	659	$	3,005
Total Income Taxes	$	4,781	$	8,583

Schedule of effective income tax rate reconciliation

	Years Ended January 31,
	2022			2021
Statutory rate		21.00	%		21.00	%
State Income Taxes, Net of Federal Tax Benefit		(0.01	)		0.90
Adjustment to Deferred		(0.26	)		0.29
GILTI		4.11			4.43
Permanent Differences		(0.83	)		(0.09	)
Valuation Allowance-Deferred Tax Asset		4.81			2.20
Foreign Tax Credit		(7.34	)		(7.61	)
Argentina Flow Through Loss		1.36			0.58
Foreign Dividend & Subpart F		(5.27	)		2.14
Foreign Rate Differential		9.22			(4.01	)
Change in State Apportionment Rate		3.52			-
Other		(0.71	)		(0.28	)
Effective Rate		29.60	%		19.55	%

Schedule of deferred tax assets and liabilities

	Years Ended January 31,
	2022			2021
Deferred tax assets:
Inventories	$	806		$	955
US tax loss carryforwards, including work opportunity credit		167			167
Accounts receivable and accrued rebates		145			378
Accrued compensation and other		211			446
India reserves - US deduction		32			43
Equity based compensation		807			535
Foreign tax credit carry-forward		3,209			2,430
State and local carry-forwards		16			287
Depreciation and amortization		(186	)		(265	)
Prepaid expenses		(219	)		(121	)
Brazil write-down		196			220
Right-of-use asset		(738	)		(239	)
Operating lease liability		762			241
Other		93			93
Deferred tax asset		5,282			5,170
Less valuation allowance		(3,210	)		(2,439	)
Net deferred tax asset	$	2,072		$	2,731