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Consolidated Balance Sheets (USD $)
Jan. 31, 2013
Jan. 31, 2012
ASSETS    
Cash and cash equivalents $ 0 $ 157,000
Accounts receivable, net 5,408,000 5,190,000
Income tax receivable 45,000 0
Inventories, net 8,195,000 6,793,000
Prepaid expenses and other current assets, net 582,000 1,802,000
Deferred income taxes 1,500,000 1,549,000
Total current assets 15,730,000 15,491,000
Property held for sale 1,700,000 2,062,000
Property, plant and equipment, net 4,534,000 4,206,000
Deferred income taxes 292,000 770,000
Intangible assets, net 0 94,000
Goodwill 366,000 366,000
Other assets, net 702,000 46,000
Total assets 23,324,000 23,035,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Revolving credit facility 0 3,112,000
Current maturities of long-term debt 763,000 753,000
Accounts payable, trade 1,439,000 2,312,000
Compensation and benefits 1,139,000 618,000
Accrued sales commissions 280,000 14,000
Deferred revenue 1,669,000 0
Accrued expenses and other liabilities 1,331,000 2,498,000
Deferred income taxes 25,000 0
Total current liabilities 6,646,000 9,307,000
Revolving credit facility 903,000 0
Long-term debt 3,511,000 4,278,000
Deferred income taxes 224,000 35,000
Total liabilities 11,284,000 13,620,000
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock, $.40 par value: authorized 8,000,000 shares; issued 4,397,252 shares and 4,201,090 shares at January 31, 2013 and 2012, respectively; outstanding 3,966,485 shares and 3,770,323 shares at January 31, 2013 and 2012, respectively. 1,759,000 1,680,000
Additional paid-in capital 6,436,000 6,412,000
Retained earnings 7,008,000 4,486,000
Less treasury stock: 430,767 shares at both January 31, 2013 and 2012, at cost (3,163,000) (3,163,000)
Total stockholders' equity 12,040,000 9,415,000
Total liabilities and stockholders' equity $ 23,324,000 $ 23,035,000