Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2016

Schedule of Financial Instruments Held at Fair Value

Our financial instruments held at fair value are presented below as of July 31, 2016, and January 31, 2016:

			Fair Value Measurements
(in thousands)	Carrying Value		Level 1		Level 2		Level 3
July 31, 2016
Financial Assets:
Current restricted deposits held at fair value ⁽¹⁾	$	1,521	$	1,521		—		—
Long term restricted deposits held at fair value ⁽¹⁾		4,900		4,900		—		—
Contingent consideration receivable ⁽²⁾		4,244		—		—	$	4,244
January 31, 2016
Financial Assets:
Current restricted deposits held at fair value ⁽¹⁾	$	3,466	$	3,466		—		—
Long term restricted deposits held at fair value ⁽¹⁾		4,252		4,252		—		—
Contingent consideration receivable ⁽²⁾		4,244		—		—	$	4,244

(1)	Current restricted deposits are included in Other Current Asset in the Condensed Consolidated Balance Sheets. Long-term restricted deposits are included in Other Assets in the Condensed Consolidated Balance Sheets.

(2)

As discussed in Note 10 to the Condensed Consolidated Financial Statements, the contingent consideration receivable represents our share in the profits of one of the contracts assumed by the purchaser, as part of the sale of the Geoconstruction business on August 17, 2015. The amount was estimated based on the projected profits of the contract. There have been no changes in the estimated fair value since the closing date of the sale agreement.

Schedule of Carrying Values and Estimated Fair Values of Long-Term Debt

The following table summarized the carrying values and estimated fair values of the long-term debt:

	July 31, 2016				January 31, 2016
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
4.25% Convertible Notes	$	63,048	$	61,077	$	61,766	$	49,873
8.0% Convertible Notes		97,570		92,156		97,205		92,156

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details