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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Jan. 31, 2015
STOCK-BASED COMPENSATION [Abstract]  
Allocation of stock-based compensation expense
The following table sets forth reported stock compensation expense included in the Company’s Consolidated Statements of Income and Comprehensive Income for the fiscal years ended January 31, 2015, 2014 and 2013:
 
 
Years Ended January 31,
 
 
2015
 
 
2014
 
 
2013
 
 
(in thousands)
 
Stock-based compensation expense:
 
 
 
Cost of maintenance, subscription and other revenue
 
$
197
  
$
201
  
$
197
 
Cost of professional services
  
492
   
476
   
482
 
Sales and marketing
  
790
   
858
   
835
 
Research and development
  
518
   
628
   
658
 
General and administrative
  
2,996
   
2,517
   
2,436
 
Total stock-based compensation expense
 
$
4,993
  
$
4,680
  
$
4,608
 
Weighted average assumptions used to value SARs
The weighted average assumptions used to value SARs are shown in the following table.
 
  
Years Ended January 31,
 
  
2015
  
2014
  
2013
 
Expected life in years
  
4.98
   
4.57
   
4.61
 
Risk free interest rate
  
1.58
%
  
1.00
%
  
0.69
%
Volatility
  
47
%
  
53
%
  
61
%
Dividend rate
  
1.32
%
  
2.42
%
  
2.25
%
Activity for outstanding stock options and SARs
The following table summarizes the activity for outstanding options and SARs for the fiscal years ended January 31, 2015, 2014 and 2013:
 
  
Options/
SARs
(in thousands)
  
Weighted
Average
Exercise
Price per
Share
 
Weighted
Average
Remaining
Contractual
Term
(years)
Aggregate
Intrinsic
Value 
(in thousands)
Outstanding at January 31, 2012
  
2,871
  
$
11.34
 
 
     
Granted
  
570
   
12.90
 
 
     
Exercised
  
(272
)
  
8.34
 
 
     
Expired
  
(222
)
  
22.26
 
 
     
Forfeited
  
(27
)
  
9.49
 
 
     
Outstanding at January 31, 2013
  
2,920
  
$
11.11
 
 
     
Granted
  
599
   
11.73
 
 
     
Exercised
  
(404
)
  
9.21
 
 
     
Expired
  
(230
)
  
15.16
 
 
     
Forfeited
  
(43
)
  
10.68
 
 
     
Outstanding at January 31, 2014
  
2,842
  
$
11.19
       
Granted
  
387
   
21.61
 
 
     
Exercised
  
(655
)
  
11.47
 
 
     
Expired
  
(22
)
  
12.68
 
 
     
Forfeited
  
(53
)
  
12.31
 
 
     
Outstanding at January 31, 2015
  
2,499
  
$
12.69
 
5.1
$
 16,964
Vested and expected to vest at January 31, 2015 (1)
  
2,483
  
$
12.69
 
5.1
$
 16,855
Vested and exercisable at January 31, 2015
  
1,323
  
$
10.55
 
4.0
$
 11,246
 
(1)
The expected-to-vest options and SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding options and SARs.
Summary of activity for RSUs
The following table summarizes the activity for RSUs for the fiscal years ended January 31, 2015, 2014 and 2013:
 
  
RSUs
  
Weighted
Average
Grant Date
Fair Value
 
  
(in thousands)
  
 
Restricted stock at January 31, 2012
  
414
  
$
9.32
 
Granted
  
200
   
12.20
 
Released (1)
  
(223
)
  
9.84
 
Forfeited
  
(6
)
  
10.99
 
Restricted stock at January 31, 2013
  
385
  
$
10.49
 
Granted
  
231
   
11.20
 
Released (1)
  
(165
)
  
10.05
 
Forfeited
  
(21
)
  
11.14
 
Restricted stock at January 31, 2014
  
430
  
$
11.02
 
Granted
  
287
   
21.25
 
Released (1)
  
(167
)
  
11.92
 
Forfeited
  
(47
)
  
14.00
 
Restricted stock at January 31, 2015
  
503
  
$
16.27
 
 
(1)
The number of RSUs released includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the fiscal years ended January 31, 2015, 2014 and 2013, the Company withheld 45,000 shares, 47,000 shares and 57,000 shares, respectively, for payment of these taxes. The value of the withheld shares for the fiscal years ended January 31, 2015, 2014 and 2013 were $1.0 million, $0.6 million and $0.7 million, respectively.