ACCRUED EXPENSES

6 Months Ended

Jul. 31, 2013

Accrued Expenses [Abstract]

Accrued Expenses

9. Accrued Expenses

A summary of accrued expenses at July 31, 2013 and January 31, 2013:

	July 31, 2013		January 31, 2013
Compensation and employee benefits	$	7,583,000	$	6,484,000
Garwood note payable		-		1,175,000
Acquistion holdback payable		1,650,000		1,650,000
Long term incentive plan		3,930,000		1,036,000
Other		2,433,000		2,797,000
Total accrued expenses	$	15,596,000	$	13,142,000

Accrued expenses related to the long term incentive plan increased from $1,036,000 at January 1, 2013 to $3,930,000 at July 31, 2013 due to a significant increase in the Company's stock price in this fiscal year. The Garwood note payable of $1,175,000 was paid on June 14, 2013.