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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Jan. 31, 2015
COMMITMENTS AND CONTINGENCIES  
Schedule of future minimum lease payments

       

        At January 31, 2015, future minimum lease payments for the noncancelable terms of operating leases, including lease renewals determined to be reasonably assured, and the present value of net minimum lease payments under capital leases are as follows:

                                                                                                                                                                             

Year

 

Capital
Leases

 

Operating
Leases

 

2015

 

$

7,500

 

$

91,157

 

2016

 

 

7,500

 

 

86,803

 

2017

 

 

8,125

 

 

81,308

 

2018

 

 

7,500

 

 

76,101

 

2019

 

 

7,500

 

 

69,571

 

2020 and thereafter

 

 

29,375

 

 

280,878

 

Less: Sublease income

 

 

 

 

(425

)

​  

​  

​  

​  

Total net minimum rentals

 

 

67,500

 

$

685,393

 

​  

​  

​  

​  

​  

Less: Amount representing interest

 

 

(18,523

)

 

 

 

​  

​  

Present value of net minimum lease payments, of which $3,961 is due within one year

 

$

48,977

 

 

 

 

​  

​  

​  

​  

​  

 

Schedule of rental expense, net of sublease income

                                                                                                                                                                                    

 

 

2014

 

2013

 

2012

 

Operating leases:

 

 

 

 

 

 

 

 

 

 

Buildings:

 

 

 

 

 

 

 

 

 

 

Rental expense

 

$

82,148 

 

$

82,429 

 

$

82,954 

 

Contingent rentals

 

 

4,912 

 

 

4,960 

 

 

5,771 

 

Fixtures and equipment

 

 

1,315 

 

 

1,361 

 

 

1,448 

 

​  

​  

​  

​  

​  

​  

Totals

 

$

88,375 

 

$

88,750 

 

$

90,173 

 

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​  

​  

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​