Income Taxes (Tables)

12 Months Ended

Jan. 31, 2019

Income Tax Disclosure [Abstract]

Income tax expense (benefit) reconciled to statutory rate

	2019			2018
Statutory	$	(235	)	$	794
State taxes (net of federal tax)	186			341
Change in valuation allowance	831			410
State rate adjustment	(222		)	(260		)
Change in unrecognized tax benefits	1			6
Stock Compensation	(46		)	(200		)
Tax cuts and jobs act	(15		)	4,438
Expirations of attributes	28			143
Other	(31		)	(49		)
Income tax expense	$	497		$	5,623

Significant components of expense (benefit)

Significant components of the expense (benefit) for income taxes (in thousands) attributed to continuing operations are as follows for the years ended January 31 (in thousands):

	2019			2018
Current
Federal	$	(24	)	$	(296	)
State	102			98
	78			(198		)
Deferred
Federal	(247		)	5,270
State	(165		)	141
	(412		)	5,411
Change in Valuation Allowance	831			410
	419			5,821
Income tax expense	$	497		$	5,623

Deferred tax assets and liabilities

Deferred tax assets and liabilities are comprised of the following as of January 31 (in thousands):

	2019			2018
Deferred tax assets
Accrued vacation and sick leave	$	892		$	1,015
Retirement plans	2,748			3,756
Insurance reserves	381			451
Warranty	182			242
Net operating loss carryforwards	5,303			4,722
Inventory	1,320			1,085
§ 163 (j) Limitation	540			—
Other	765			624
	$	12,131		$	11,895
Deferred tax liabilities
Tax in excess of book depreciation	$	(720	)	$	(811	)
Other	(57		)	(66		)
	$	(777	)	$	(877	)
Valuation allowance	(1,756		)	(925		)
Net long term deferred tax asset	$	9,598		$	10,093

Unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits for the years ended January 31 (in thousands):

	2019			2018
Balances as of February 1,	$	38		$	29
Increases related to prior year tax positions	—			2
Decreases related to prior year tax positions	(2		)	—
Increases related to current year tax positions	8			16
Decreases relating to settlements with taxing authorities	—			—
Decreases related to lapsing of statute of limitations	(6		)	(9		)
Balance as of January 31,	$	38		$	38