Equity-based compensation

6 Months Ended

Jul. 31, 2011

Equity-based Compensation [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Equity-basedcompensation. The Company has equity-based compensation plans from which stock-based compensation awards can be granted to eligible employees, officers or directors.

Stock-based compensation expense	2011	2010
Three months ended	$69	$225
Six months ended	$297	$482

The fair value of the outstanding option awards were estimated on the grant dates using the Black-Scholes option pricing model.

	Six months ended	Six months ended
Fair value assumptions	July 31, 2011	July 31, 2010
Expected volatility	51.72% - 66.82%	51.72%-66.82%
Risk-free interest rate	1.54% - 5.13%	1.88%-5.16%
Dividend yield	none	none
Expected life	4.9 - 7 years	5 - 7 years

Option activity	Options	Weighted-Average Exercise Price Per Share	Weighted-Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding on January 31, 2011	777	$11.88	6.9	$2,241
Granted	155	7.68
Exercised	(19)	4.48		75
Expired or forfeited	(25)	20.29
Outstanding on July 31, 2011	888	11.07	7.1	1,455
Exercisable at July 31, 2011	504	13.49	5.7	743
Weighted-average fair value of options granted during first six months of 2011		3.84

Unvested option activity	Unvested  Options Outstanding	Weighted- Average Price Per Share	Aggregate  Intrinsic Value
Outstanding on January 31, 2011	369	$9.98	$1,241
Granted	155	7.68
Vested	(139)
Expired or forfeited	(1)	9.31
Outstanding on July 31, 2011	384	7.89	712

As of July 31, 2011, there was $1.4 million of total unrecognized compensation cost related to unvested stock options. The cost is expected to be recognized over a period of 2.9 years.