Stock-based compensation

6 Months Ended

Jul. 31, 2013

Stock-based compensation [Abstract]

Stock-based compensation [Text Block]

Stock-basedcompensation. The Company has stock-based compensation awards that can be granted to eligible employees, officers or directors.

	Three Months Ended July 31,					Six Months Ended July 31,
	2013			2012		2013		2012
Stock-based compensation expense		($51	)		$174		$68		$260

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

	Six Months Ended July 31,
Fair value assumptions	2013	2012
Expected volatility	51.78% - 65.54%	57.02% - 66.82%
Risk free interest rate	.74% - 2.82%	.74% - 3.57%
Dividend yield	none	none
Expected life	4.9 - 5.7 years	4.9 - 5.7 years

Option activity	Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
Outstanding at January 31, 2013	969			$10.77	6.6		$40
Granted	97		10.46
Exercised	(74	)	6.33			265
Expired or forfeited	(43	)	11.11
Outstanding end of period	949		11.07		6.5	2,325
Exercisable end of period	670			$12.29	5.5		$1,572

Unvested option activity	Unvested Options Outstanding		Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
Outstanding at January 31, 2013	383			$6.91		$4
Granted	97		10.46
Vested	(176	)
Expired or forfeited	(25	)	6.96
Outstanding end of period	279			$8.14		$753

As of July 31, 2013, there was $1.1 million of total unrecognized compensation expense related to unvested stock options. The expense is expected to be recognized over a period of 2.9 years.