Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2014

Calculation of Fair Value of Stock Options

The following assumptions were used in the calculation of fair value:

	Fiscal Year
	2013			2012			2011
Expected dividend yield		0.51	%		0.94	%		—
Risk-free interest rate		1.24	%		0.75	%		1.53	%
Expected life in years		5.00			5.44			5.00
Historical Volatility		0.57			0.51			0.51

Summary of Stock Option Plans

A summary of information with respect to stock option plans for fiscal years 2013, 2012, and 2011, and changes during the periods then ended, is presented below.

	Options (in actual shares)			Weighted- average exercise price
Outstanding at January 31, 2011		777,193		$	4.54
Granted		10,120			4.06
Exercised		(12,530	)		2.99
Forfeited and expired		(119,700	)		3.88
Outstanding at January 31, 2012		655,083		$	4.68
Granted		140,420			2.08
Exercised		—			—
Forfeited and expired		(13,060	)		5.17
Outstanding at January 31, 2013		782,443		$	4.21
Granted		10,120			3.85
Exercised		(25,000)			2.30
Forfeited and expired		(246,786	)		3.63
Outstanding at January 31, 2014		520,777		$	4.57

Options Outstanding, both Exercisable and Unexercisable

At January 31, 2014, the options outstanding, both exercisable and unexercisable, and their related weighted-average exercise price, and the weighted-average remaining contractual life for the ranges of exercise prices are shown in the table below.

	Options		Weighted- average exercise price		Weighted- average remaining contractual life		Aggregate intrinsic value
Range: $1.69 to $4.99
Options outstanding and exercisable at January 31, 2014		182,967	$	3.18		5.02 years	$	—
Options outstanding and unexercisable at January 31, 2014		117,006	$	2.62		8.40 years	$	—
Range: $5.00 to $8.70
Options outstanding and exercisable at January 31, 2014		180,756	$	6.79		3.83 years	$	—
Options outstanding and unexercisable at January 31, 2014		40,048	$	6.57		6.79 years	$	—

Weighted-Average Exercise Price and the Per Share Weighted-Average Fair Value

The per share weighted-average exercise price and the per share weighted-average fair value of stock options at the date of grant, using the Black-Scholes option-pricing model are as follows:

	Weighted Average Exercise price for Fiscal Year						Weighted Average Fair value for Fiscal Year
	2013		2012		2011		2013		2012		2011
Options granted at market price	$	3.85	$	2.05	$	4.06	$	1.83	$	0.87	$	1.85
Options granted at prices exceeding market price	$	—	$	2.26	$	—	$	—	$	0.68	$	—
Total options granted	$	3.85	$	2.08	$	4.06	$	1.83	$	0.84	$	1.85

Summary of Information of Restricted Stock Awards

A summary of information with respect to restricted stock awards for fiscal years 2013, 2012, and 2011, and changes during the periods then ended, is presented below.

	Awards(in actual shares)			Weighted-average grant date fair value
Outstanding at January 31, 2011		315,282		$	5.83
Granted		—			—
Vested		(191,324	)		5.46
Forfeited and expired		(45,208	)		5.94
Outstanding at January 31, 2012		78,750		$	6.45
Granted		—			—
Vested		(78,750	)		2.00
Forfeited and expired		—			—
Outstanding at January 31, 2013		—		$	—
Granted		—			—
Vested		—			—
Forfeited and expired		—			—
Outstanding at January 31, 2014		—		$	—