Income Taxes

6 Months Ended

Jul. 31, 2011

Income Tax Disclosure [Text Block]

Note 14. Income Taxes

          The effective tax rate on consolidated pre-tax income from continuing operations was 38.7% for the six months ended July 31, 2011, 30.8% for the year ended January 31, 2011 and 36.0% for the six months ended July 31, 2010. The provision for state taxes was approximately 4% for the six months ended July 31, 2011, 4% for the year ended January 31, 2011 and 5% for the six months ended July 31, 2010.

          The Company files a U.S. federal income tax return and income tax returns in various states. In general, the Company is no longer subject to U.S. federal, state or local income tax examinations by tax authorities for years ended January 31, 2007 and prior. A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, is as follows (amounts in thousands):

Unrecognized tax benefits, February 1, 2011	$	2,976
Changes for prior years’ tax positions		58
Changes for current year tax positions		—
Unrecognized tax benefits, July 31, 2011	$	3,034