Stock-Based Compensation

9 Months Ended

Oct. 31, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

11. Stock-Based Compensation

Total compensation expense recognized for stock-based awards granted under the Company’s various equity incentive plans during the three and nine months ended October 31, 2012 was approximately $259,000 and $1.3 million, respectively, and, during the three and nine months ended October 31, 2011 was approximately $196,000 and $1.1 million, respectively. Additionally, during the nine months ended October 31, 2012, accrued compensation expense applicable to the year ended January 31, 2012 totaling approximately $211,000 was paid by issuing common stock and options to purchase common stock. During the nine months ended October 31, 2012, 10,000 shares of common stock and options to purchase 60,000 shares of common stock were granted to non-employee members of the Company’s Board of Directors.