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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Jan. 31, 2011
Revenues:      
Equipment leasing $ 54,592 $ 70,137 $ 36,825
Lease pool equipment sales 11,412 6,503 2,470
Seamap equipment sales 31,169 28,406 21,345
Other equipment sales 7,512 7,788 10,723
Total revenues 104,685 112,834 71,363
Cost of sales:      
Direct costs - equipment leasing 7,963 8,059 3,739
Direct costs - lease pool depreciation 33,405 27,400 21,354
Cost of lease pool equipment sales 6,043 1,580 1,130
Cost of Seamap and other equipment sales 19,861 18,043 18,498
Total cost of sales 67,272 55,082 44,721
Gross profit 37,413 57,752 26,642
Operating expenses:      
General and administrative 22,539 21,354 16,755
(Recovery of) provision for doubtful accounts (428) 615 1,795
Depreciation and amortization 1,400 1,239 1,171
Total operating expenses 23,511 23,208 19,721
Operating income 13,902 34,544 6,921
Other income (expense):      
Gain from bargain purchase in business combination     1,304
Interest income 544 344 283
Interest expense (533) (740) (756)
Other, net (389) 182 (958)
Total other expense (378) (214) (127)
Income before income taxes 13,524 34,330 6,794
Benefit (provision) for income taxes 3,527 (10,009) (2,065)
Net income $ 17,051 $ 24,321 $ 4,729
Net income per common share:      
Basic $ 1.34 $ 2.13 $ 0.48
Diluted $ 1.29 $ 2.02 $ 0.46
Shares used in computing income per common share:      
Basic 12,715 11,432 9,870
Diluted 13,242 12,069 10,181