XML 74 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair value of financial instruments
6 Months Ended
Jul. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value Disclosures [Text Block]
Fair value of financial instruments. At July 31, 2013, an interest rate swap agreement, that relates to a mortgage note in Denmark, was in effect with a notional value of $1.3 million that matures December 2021. The swap agreement, which reduces the exposure to market risks from changing interest rates, exchanges the variable rate to fixed interest rate payments of 2.47%. The exchange traded swap is valued on a recurring basis using quoted market prices and was classified within Level 2 of the fair value hierarchy, which includes significant other observable inputs because the exchange is not deemed an active market. The derivative mark to market of $57 thousand was classified as a long-term liability on the balance sheet.