COMMON STOCK

12 Months Ended

Jan. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

10. COMMON STOCK

During fiscal years 2013, 2012 and 2011, the Company purchased 137,015 shares, 278,369 shares and 1,518,877 shares, respectively, of its common stock for approximately $3,486,000, $5,445,000 and $25,662,000, respectively. Included in these amounts are shares the Company received totaling 32,935 and 213,288 for the years ended January 31, 2013 and 2012, respectively, as tenders of the exercise price of stock options exercised by certain officers and directors of the Company. The cost of these shares, determined as the fair market value on the date they were tendered, was approximately $1,071,000 and $3,444,000 for the years ended January 31, 2013 and, 2012, respectively. At January 31, 2014, the Company had prior authorization by its Board of Directors to purchase, in open market transactions, an additional 280,006 shares of its common stock. Information regarding the Company’s common stock is as follows (amounts in thousands):

	January 31, 2014		January 31, 2013
Authorized shares		45,000		45,000
Issued shares		29,853		29,853
Outstanding shares		8,100		8,152