STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Apr. 30, 2016

STOCK-BASED COMPENSATION [Abstract]

Allocation of stock-based compensation expense

The following table sets forth reported stock-based compensation expense for the three months ended April 30, 2016 and 2015:

	Three Months Ended April 30,
	2016		2015
	(in thousands)
Cost of subscription	$	19	$	12
Cost of maintenance and other revenue		61		46
Cost of professional services		155		119
Sales and marketing		261		261
Research and development		227		148
General and administrative		831		720
Total stock-based compensation expense	$	1,554	$	1,306

Activity for outstanding SARs

The following table summarizes the activity for outstanding SARs for the three months ended April 30, 2016:

	SARs (in thousands)			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding at January 31, 2016		2,596		$	14.74
Granted		—			—
Exercised		(20	)		10.44
Expired		—			—
Forfeited		(6	)		12.16
Outstanding at April 30, 2016		2,570		$	14.78		4.6	$	14,640
Vested and expected to vest at April 30, 2016 (1)		2,566		$	14.78		4.6	$	14,616
Vested and exercisable at April 30, 2016		1,503		$	11.52		3.6	$	11,773

(1) The expected-to-vest SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding SARs.

Summary of activity for RSUs

The following table summarizes the activity for RSUs for the three months ended April 30, 2016:

	RSUs			Weighted Average Grant Date Fair Value
	(in thousands)
Restricted stock at January 31, 2016		617		$	20.91
Granted		—			—
Released (1)		(45	)		20.41
Forfeited		(16	)		21.15
Restricted stock at April 30, 2016		556		$	20.94

(1) The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.