GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jul. 31, 2012

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Summary of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill for the six months ended July 31, 2012, were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
				(in thousands)
Balance at January 31, 2012	$	22,020		$	(15,608	)	$	6,412
Impact of foreign currency translation		(29	)		—			(29	)
Additions		2,356			—			2,356
Balance at July 31, 2012	$	24,347		$	(15,608	)	$	8,739

Schedule of Finite-Lived Intangible Assets

Intangible Assets

	July 31, 2012			January 31, 2012
	(in thousands)
Amortizable intangible assets
Customer relationships	$	1,400		$	—
Trade name		300			—
		1,700			—
Less: accumulated amortization		(57	)		—
Net amortizable intangible assets	$	1,643		$	—

Estimated Amortization Expense

Amortization of intangible assets was $57,000 for the both the three and six months ended July 31, 2012. For the three and six months ended July 31, 2011, amortization of intangible assets was zero and $14,000, respectively. Amortization of intangible assets is included in "General and administrative" in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income. The following table summarizes the estimated amortization expense relating to the Company's intangible assets as of July 31, 2012:

Fiscal Years	(in thousands)
2013 remaining	$	170
2014		340
2015		340
2016		340
2017		340
Thereafter		113
	$	1,643