Income Taxes

9 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 12. Income Taxes

The effective tax rate on consolidated pre-tax income from continuing operations was 14.8% for the three months ended October 31, 2015, and 29.9% for the three months ended October 31, 2014. The effective tax rate on consolidated pre-tax income from continuing operations was 28.1% for the nine months ended October 31, 2015, and 33.5% for the nine months ended October 31, 2014. The fluctuations in the effective tax rate primarily relate to the release of valuation allowances against capital loss carryforwards, the domestic production activities deduction, a change in the apportionment of income to certain states, the expiration of statutes for years with uncertain tax positions and a decrease in state income tax rates. These items reduced the effective tax rate approximately 17% for the quarter ended October 31, 2015 and approximately 7% for the nine months ended October 31, 2015.

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, 2010 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, January 31, 2015	$	1,658
Changes for prior years’ tax positions		(1,658	)
Changes for current year tax positions		—
Unrecognized tax benefits, October 31, 2015	$	—