RESTRUCTURING COSTS

6 Months Ended

Jul. 31, 2013

14.	Restructuring Costs

With the completion of the implementation of its ERP system, the company centralized many of its support activities and effected a reduction in force. This resulted in restructuring costs of $1,037,000 for the three months ended July 31, 2013 which included severance and other employment related costs of $963,000 and other facility consolidation costs of $74,000. These costs are recorded to restructuring costs on the consolidated statements of operations.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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