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Consolidated Balance Sheets (USD $)
Jan. 31, 2012
Jan. 31, 2011
ASSETS    
Cash and cash equivalents $ 157,000 $ 162,000
Accounts receivable, net 5,190,000 4,653,000
Inventories, net 6,793,000 7,363,000
Prepaid expenses and other current assets, net 1,802,000 2,402,000
Property held for sale 2,062,000 2,062,000
Deferred income taxes 1,549,000 1,617,000
Total current assets 17,553,000 18,259,000
Property, plant and equipment, net 4,206,000 3,518,000
Deferred income taxes 770,000 1,198,000
Intangible assets, net 94,000 255,000
Goodwill 366,000 366,000
Other assets, net 46,000 82,000
Total assets 23,035,000 23,678,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Revolving credit facility 3,112,000 2,313,000
Current maturities of long-term debt 753,000 1,255,000
Accounts payable, trade 2,312,000 2,428,000
Compensation and benefits 618,000 780,000
Accrued sales commissions 14,000 79,000
Accrued expenses and other liabilities 2,498,000 2,908,000
Total current liabilities 9,307,000 9,763,000
Long-term debt 4,278,000 4,985,000
Deferred income taxes 35,000 95,000
Total liabilities 13,620,000 14,843,000
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock, $.40 par value: authorized 8,000,000 shares; issued 4,201,090 shares and 4,180,239 shares at January 31, 2012 and 2011, respectively; outstanding 3,770,323 shares and 3,749,472 shares at January 31, 2012 and 2011, respectively. 1,680,000 1,672,000
Additional paid-in capital 6,412,000 6,232,000
Retained earnings 4,486,000 4,094,000
Less treasury stock: 430,767 shares at both January 31, 2012 and 2011, at cost (3,163,000) (3,163,000)
Total stockholders' equity 9,415,000 8,835,000
Total liabilities and stockholders' equity $ 23,035,000 $ 23,678,000