INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2025

INCOME TAXES

Income Tax Expense

	Years Ended
	January 31,
	2025			2024
Domestic	$	(14,701	)	$	8,648
Foreign		(3,655	)		708
Total	$	(18,356	)	$	9,356

Net Income (Loss) Before Income Tax

	Years Ended
	January 31,
	2025			2024
Income Tax Expense (Benefit)
Current:
Federal	$	8		$	17
State and other taxes		29			58
Foreign		3,832			4,674
Total Current Tax Expense	$	3,869		$	4,749
Deferred:
Domestic	$	(3,312	)	$	(186	)
Foreign		(838	)		(633	)
Total Deferred Tax Expense		(4,150	)		(819	)
Total Income Taxes	$	(281	)	$	3,930

Effective Income Tax Rate Reconciliation

	Years Ended January 31,
	2025			2024
Statutory rate		21.00	%		21.00	%
State Income Taxes, Net of Federal Tax Benefit		1.66	%		0.49	%
Adjustment to Deferred		(5.38	)%		(23.26	)%
GILTI		0.00	%		9.07	%
Foreign Tax Credit – GILTI		0.00	%		(2.42	)%
Goodwill Impairment		(12.06	)%		0.00	%
Section 250 Deduction		0.00	%		(4.92	)%
Permanent Differences		(1.48	)%		0.20	%
Valuation Allowance-Deferred Tax Asset		0.17	%		33.29	%
Foreign Tax Credit		8.19	%		(15.24	)%
Section 78 Gross-up		0.00	%		0.77	%
Argentina Flow Through Loss		(6.14	)%		7.20	%
Withholding Taxes		(1.40	)%		5.72	%
Foreign Rate Differential		(2.11	)%		18.25	%
Change in State Apportionment Rate		(0.01	)%		(1.48	)%
Foreign employee benefits		0.00	%		(1.58	)%
Foreign Dividends Paid to U.S.		(5.48	)%		25.69	%
Foreign Dividends Received Deduction		5.48	%		(25.69	)%
Earnout Adjustment		0.81	%		(5.70	)%
Other		(1.72	)%		0.62	%
Effective Rate		1.53	%		42.01	%

Deferred Income Tax Assets (Liabilities)

	January 31,
	2025			2024
Deferred tax assets:
Inventories	$	661		$	1,545
US tax loss carryforwards, including work opportunity credit		2,364			167
Accounts receivable and accrued rebates		313			295
Accrued compensation and other		326			441
India reserves - US deduction		0			24
Equity based compensation		508			346
Foreign tax credit carry-forward		5,184			4,548
State and local carry-forwards		1,528			1,256
Depreciation and amortization		(4,230	)		(1,846	)
Prepaid expenses		(301	)		(253	)
Right-of-use asset		(1,577	)		(1,590	)
Operating lease liability		1,660			1,672
Foreign carry-forwards		1,029			1,102
Investments		1,404			268
Section 163(j) Interest Expense		293			0
Withholding taxes		(139	)		(383	)
Other		-			83
Deferred tax assets		9,023			7,675
Less valuation allowance		(6,644	)		(6,675	)
Net deferred tax assets	$	2,379		$	1,000

	January 31,
Balance sheet classification	2024		2025
Long-term deferred tax assets	$	6,270	$	3,097
Long-term deferred tax liability	$	3,891	$	2,097

Schedule of relating to capital loss, operating loss, and credit carryforwards

	Gross Carryforward		Benefit Amount		Valuation Allowance			Expiration Beginning In
State operating loss carryforwards	$	35,834	$	1,528	$	(925	)	2028
Foreign tax credit carryforwards				5,184		(3,509	)	2026
Federal credit carryforwards				167		-		2035
Mexico operating loss carryforwards	$	1,022		307		(307	)	2033
Chile operating loss carryforwards	$	1,625		439		(439	)	Indefinite
Germany operating loss carryforwards	$	2		1		(1	)	Indefinite
UK operating loss carryforwards	$	241		60		(60	)	Indefinite
Total			$	7,686	$	(5,241	)