GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Apr. 30, 2014

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Changes in carrying amount of goodwill

The changes in the carrying amount of goodwill for the three months ended April 30, 2014 were as follows:

	Gross Carrying			Accumulated
	Amount			Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2014		$	26,985	$	(15,608	)	$	11,377
Impact of foreign currency translation			82		—			82
Balance at April 30, 2014		$	27,067	$	(15,608	)	$	11,459

Intangible assets

Intangible Assets

	April30,				January31,
	2014				2014
	(in thousands)
Amortizable intangible assets
Customer relationships (1)		$	3,077			$	3,048
Trade name			515				515
			3,592				3,563
Less: accumulated amortization			(1,168	)			(978	)
Net amortizable intangible assets		$	2,424			$	2,585

(1) Customer relationships include the impact of foreign currency translation.

Estimated amortization expense

Amortization of intangible assets was $0.2 million for each of the first quarters of fiscal 2015 and 2014. The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of April 30, 2014:

Fiscal Years	(in thousands)
2015 remaining	$	541
2016		722
2017		722
2018		439
	$	2,424