Note 7 - Income Taxes (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income/(loss) from continuing operations before income taxes (in thousands)	2021			2020
Domestic	$	(3,357	)	$	(3,288	)
Foreign		11,684			(4,487	)
Total	$	8,327		$	(7,775	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Components of income tax expense/(benefit) (in thousands)	2021			2020
Current
Federal	$	1		$	18
Foreign		2,317			413
State and other		144			105
Total current income tax expense		2,462			536
Deferred
Federal		—			—
Foreign		(197	)		(669	)
State and other		—			—
Total deferred income tax expense/(benefit)		(197	)		(669	)
Total income tax expense/(benefit)	$	2,265		$	(133	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(In thousands)	2021			2020
Tax expense at federal statutory rate	$	1,749		$	(1,633	)
State expense, net of federal income tax effect		148			(97	)
Deferred compensation adjustment		456			(5	)
Domestic valuation allowance		(636	)		1,807
Domestic return to provision		(6	)		(485	)
Global Intangible Low Tax Income Inclusion		742			-
Nontaxable Paycheck Protection Program Loan Forgiveness Proceeds		-			(662	)
Permanent differences other		56			282
Valuation allowance for state NOLs		(29	)		183
Differences in foreign tax rate		(430	)		527
Foreign rate change		(31	)		18
Deferred tax on unremitted earnings		(55	)		(176	)
Foreign withholding taxes		178			209
All other, net expense		123			(101	)
Total income tax expense/(benefit)	$	2,265		$	(133	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Components of deferred income tax assets (in thousands)	2021			2020
U.S. Federal NOL carryforward	$	8,424		$	8,626
Deferred compensation		350			508
Research tax credit		2,573			2,686
Foreign NOL carryforward		448			543
Foreign tax credit		2,580			2,580
Stock compensation		62			442
Other accruals not yet deducted		276			245
State NOL carryforward		2,730			2,678
Accrued commissions and incentives		483			362
Inventory valuation allowance		116			106
Lease liability		418			541
Accrued pension		-			18
Other		17			95
Deferred tax assets, gross		18,477			19,430
Valuation allowance		(16,905	)		(17,746	)
Total deferred tax assets, net of valuation allowances	$	1,572		$	1,684
Components of the deferred income tax liability
Depreciation	$	(643	)	$	(981	)
Foreign subsidiaries unremitted earnings		(231	)		(289	)
Prepaid		(54	)		(21	)
Accrued pension		(159	)		-
Right of use asset		(386	)		(484	)
Total deferred tax liabilities	$	(1,473	)	$	(1,775	)
Deferred tax asset/(liability), net	$	99		$	(91	)
Balance sheet classification
Long-term assets	$	811		$	823
Long-term liability		(712	)		(914	)
Total deferred tax assets/(liabilities), net of valuation allowances	$	99		$	(91	)

Summary of Income Tax Contingencies [Table Text Block]

(In thousands)	2021			2020
Balance at beginning of the year	$	1,591		$	1,545
Increases in positions taken in a prior period		(4	)		2
Increases in positions taken in a current period		66			65
Decreases due to lapse of statute of limitations		(8	)		(21	)
Decreases due to settlements		(34	)		-
Balance at end of the year	$	1,611		$	1,591