DISCONTINUED OPERATIONS

12 Months Ended

Jan. 31, 2013

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

15. DISCONTINUED OPERATIONS

During fiscal year 2009, the Company completed the exit of its retail business. Accordingly, all operations of the Company’s former retail segment, including extended warranty revenues and costs, and certain sold properties have been classified as discontinued operations for all periods presented. Once real estate property has been sold, and no continuing involvement is expected, the Company classifies the results of the operations as discontinued operations. Through a series of investments, the Company had a controlling financial interest in Levelland Hockley. The plant was shut down in January 2011. Effective January 31, 2011, the Company no longer had a controlling financial interest and deconsolidated Levelland Hockley and began using the equity method of accounting. The Company recorded a pretax charge of approximately $18.4 million as a result of deconsolidating Levelland Hockley and writing its remaining investments in Levelland Hockley to $0 at January 31, 2011. On April 27, 2011, Levelland Hockley voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Northern District of Texas. In connection with the bankruptcy proceedings, the plant was sold on May 24, 2012 and on August 1, 2012, the bankruptcy case was converted to a Chapter 7 proceeding. As a result, the Company has no remaining ownership or financial interest in Levelland Hockley and classifies the results of Levelland Hockley as discontinued operations. Below is a table reflecting certain items of the Consolidated Statements of Operations that were reclassified as discontinued operations for fiscal years 2012, 2011 and 2010 (amounts in thousands):

	2012			2011			2010
Net sales and revenue	$	1,899		$	4,150		$	73,998
Cost of sales	$	457		$	846		$	71,638
Impairment charges and loss on deconsolidation	$	—		$	—		$	18,424
Income (loss) before income taxes	$	778		$	1,925		$	(21,833	)
(Provision) benefit for income taxes		(278	)		(719	)		8,127
Income (loss) from discontinued operations, net of tax	$	500		$	1,206		$	(13,706	)
Gain on disposal before provision for income taxes	$	201		$	695		$	288
Provision for income taxes		(72	)		(260	)		(127	)
Gain on disposal of discontinued operations, net of tax	$	129		$	435		$	161