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Other Income
12 Months Ended
Jan. 31, 2013
Other Income
(8) Other Income

 
Other income consisted of the following:
 
   
Years Ended January 31,
 
(in thousands)
 
2013
   
2012
   
2011
 
Gain from disposal of property and equipment
    3,364     $ 8,247     $ 896  
Gain on sale of investment securities
    -       996       -  
Interest income
    143       196       201  
Currency exchange loss
    (1,379 )     (310 )     (458 )
Other
    3,696       549       (120 )
Total
  $ 5,824     $ 9,678     $ 519  
 
On March 21, 2011, the Company sold its operating facility in Fontana, California, with the intent of acquiring and relocating to a new facility. In the interim until a new facility could be purchased, the Company entered into a leasehold agreement of the existing facility. The total gain on the sale of the facility was $6,354,000, of which $1,379,000 was deferred to match the expected lease payments under the leasehold agreement. The Company recognized $421,000 of the deferred gain during the fiscal year ended January 31, 2012. The deferred gain was being recognized over the 36 month term of the lease. In September 2012, the Company terminated the leasehold agreement and recognized the remaining $651,000 deferred gain on the sale of the facility.
 
 During fiscal year 2012, the Company recognized a gain of $996,000 on the sale of certain investment securities in Australia. The securities were received in settlement of previously written off accounts receivable.