SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 31, 2016

SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Accounts receivable, net, consisted of the following as of January 31:

	2016			2015
	(in thousands)
Accounts receivable	$	68,154		$	81,411
Less allowance for:
Doubtful accounts		(1,242	)		(1,194	)
Sales returns and allowances		(1,400	)		(1,330	)
Accounts receivable, net	$	65,512		$	78,887

Schedule of property and equipment, net

Property and equipment, net consisted of the following as of January 31:

	2016			2015
	(in thousands)
Buildings and building improvements	$	31,968		$	31,898
Computer equipment and software		16,090			15,220
Furniture and office equipment		7,149			7,783
Leasehold improvements		5,814			5,856
Land		3,850			3,850
Automobiles		54			54
		64,925			64,661
Less accumulated depreciation and amortization		(32,845	)		(31,507	)
	$	32,080		$	33,154

Changes in property and equipment

The changes in property and equipment, net, for the fiscal years ended January 31were as follows:

	2016			2015
	(in thousands)
Cost
Balance at February 1	$	64,661		$	75,201
Additions		3,208			4,577
Disposals		(2,072	)		(13,351	)
Impact of foreign currency translation		(872	)		(1,766	)
Balance at January 31		64,925			64,661

Accumulated depreciation
Balance at February 1		(31,507	)		(42,116	)
Depreciation		(3,968	)		(3,816	)
Disposals		2,043			13,334
Impact of foreign currency translation		587			1,091
Balance at January 31		(32,845	)		(31,507	)
Property and equipment, net at January 31	$	32,080		$	33,154

Schedule of capitalized software costs

Capitalized software costs and accumulated amortization at January 31 were as follows:

		2016			2015
	(in thousands)
Capitalized software costs:
Acquired software technology		$	3,458		$	3,458
Capitalized software development costs (1)			1,029			1,206
			4,487			4,664
Less accumulated amortization			(2,934	)		(2,179	)
Capitalized software costs, net		$	1,553		$	2,485

(1)	Capitalized software development costs include the impact of foreign currency translation.

Estimated amortization expense

The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of January 31, 2016:

Fiscal Years	(in thousands)
2017	$	951
2018		562
2019		38
2020		2
	$	1,553

Changes in carrying amount of goodwill

The changes in the carrying amount of goodwill for the fiscal years ended January 31, 2016, and 2015 were as follows:

	Gross Carrying Amount			Accumulated Impairment			Goodwill, Net
	(in thousands)
Balance at January 31, 2014	$	26,985		$	(15,608	)	$	11,377
Impact of foreign currency translation		(466	)		—			(466	)
Balance at January 31, 2015		26,519			(15,608	)		10,911
Impact of foreign currency translation		(266	)		—			(266	)
Balance at January 31, 2016	$	26,253		$	(15,608	)	$	10,645

Intangible assets

Intangible assets as of January 31 were as follows:

	2016				2015
	(in thousands)
Amortizable intangible assets
Customer relationships (1)		$	2,749			$	2,793
Trade name			515				515
			3,264				3,308
Less: accumulated amortization			(2,191	)			(1,558	)
Net amortizable intangible assets		$	1,073			$	1,750

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

Estimated amortization expense relating intangible assets

The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of January 31, 2016:

Fiscal Years	(in thousands)
2017	$	656
2018		417
	$	1,073

Components other (income) expense

The components of other (income) expense, net for fiscal 2016, 2015 and 2014 were as follows:

	Years Ended January 31,
	2016			2015			2014
	(in thousands)
Interest income	$	(320	)	$	(242	)	$	(284	)
Interest expense		712			811			829
Foreign exchange gains		(503	)		(878	)		(67	)
Change in fair value of interest rate swap		48			877			(634	)
Other income, net		(302	)		(168	)		(593	)
Total other (income) expense, net	$	(365	)	$	400		$	(749	)

Computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share:

	Years Ended January 31,
	2016			2015			2014
	(in thousands, except per share data)
Net income	$	8,912		$	12,946		$	6,386
Less: dividends declared		(5,235	)		(4,452	)		(4,362	)
Undistributed net income	$	3,677		$	8,494		$	2,024

Net income per share – Class A Common Stock
Dividends declared	$	4,466		$	3,688		$	3,606
Allocation of undistributed net income		3,140			7,041			1,676
Net income attributable to Class A common stock	$	7,606		$	10,729		$	5,282

Weighted average shares of Class A common stock outstanding—basic		15,466			12,841			12,501
Weighted average potential shares of Class A common stock		758			712			484
Weighted average shares of Class A common stock and potential common shares outstanding—diluted		16,224			13,553			12,985

Basic net income per Class A common share	$	0.49		$	0.84		$	0.42
Diluted net income per Class A common share	$	0.47		$	0.79		$	0.41
Net income per share – Class B Common Stock
Dividends declared	$	769		$	764		$	756
Allocation of undistributed net income		537			1,453			348
Net income attributable to Class B common stock	$	1,306		$	2,217		$	1,104

Weighted average shares of Class B common stock outstanding—basic		3,201			3,183			3,149
Weighted average potential shares of Class B common stock		82			88			89
Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,283			3,271			3,238

Basic net income per Class B common share	$	0.41		$	0.70		$	0.35
Diluted net income per Class B common share	$	0.40		$	0.68		$	0.34

Schedule of potential common shares not included in calculation of diluted earnings per share

The following table sets forth the number of potential common shares not included in the calculation of diluted earnings per share because their effects were anti-dilutive:

		Years Ended January 31,
		2016		2015		2014
	(in thousands)
Class A			528		211		1,179
Class B			99		45		184