10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark one)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number:  0-15535

LAKELAND INDUSTRIES, INC.

(Exact name of Registrant as specified in its charter)

Delaware	13-3115216 .
(State of incorporation)	(IRS Employer Identification Number)

701 Koehler Avenue, Suite 7, Ronkonkoma, New York	11779
(Address of principal executive offices)	(Zip Code)

(631) 981-9700

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a nonaccelerated filer or a smaller reporting company. See the definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12-b-2 of the Exchange Act. Check one.

Large accelerated filer ¨	Accelerated filer ¨
Nonaccelerated filer ¨ (Do not check if a smaller reporting company)	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ¨ No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at December 11, 2012
Common Stock, $0.01 par value per share	5,332,159 shares

LAKELAND INDUSTRIES, INC.

AND SUBSIDIARIES

FORM 10-Q

The following information of the Registrant and its subsidiaries is submitted herewith:

PART I - FINANCIAL INFORMATION:

		Page
Item 1.	Financial Statements:
	Introduction	3
	Condensed Consolidated Statements of Operations
	Three and Nine Months Ended October 31, 2012 and 2011	5
	Condensed Consolidated Statements of Comprehensive Income
	Three and Nine Months Ended October 31, 2012 and 2011	6
	Condensed Consolidated Balance Sheets
	October 31, 2012 and January 31, 2012	7
	Condensed Consolidated Statement of Stockholders' Equity
	Nine Months Ended October 31, 2012	8
	Condensed Consolidated Statements of Cash Flows
	Nine Months Ended October 31, 2012 and 2011	9
Notes to Condensed Consolidated Financial Statements		10
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	33
Item 4.	Controls and Procedures	33
PART II - OTHER INFORMATION:
Item 6.	Exhibits	33
Signature Pages		35

LAKELAND INDUSTRIES, INC.

AND SUBSIDIARIES

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

Introduction

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Form 10-Q may contain certain forward-looking statements. When used in this Form 10-Q or in any other presentation, statements which are not historical in nature, including the words “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” “project” and similar expressions, are intended to identify forward-looking statements. They also include statements containing a projection of sales, earnings or losses, capital expenditures, dividends, capital structure or other financial terms.

The forward-looking statements in this Form 10-Q are based upon our management’s beliefs, assumptions and expectations of our future operations and economic performance, taking into account the information currently available to us. These statements are not statements of fact. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. Some of the important factors that could cause our actual results, performance or financial condition to differ materially from expectations are:

· The effect of the recent settlement of the Brazilian arbitration proceeding pursuant to which we are required to pay out approximately $8.5 million over six years, including $1,000,000 by December 31, 2012;

· Risks associated with our recent failure to be in compliance with certain covenants in our loan agreement with TD Bank and the risks associated with maintaining compliance with such covenants as recently amended;

· Our ability to pay or refinance the revolving credit portion ($9.6 million as of October 31, 2012) of our loan with TD Bank which is due June 30, 2013;

· Our loss from continuing operations, before income taxes, for the three months and nine months ended October 31, 2012;

· The results of an updated year-end review of the market value of its assets of discontinued operations in India;

· The results of an updated year-end review of the carrying value of goodwill and other intangible assets relating to its operation in Brazil;

· Our ability to replace the sales lost by virtue of the termination of our supply agreement with DuPont in July 2011 with sales of Lakeland branded products;

· Our ability to obtain fabrics and components from suppliers and manufacturers at competitive prices or prices that vary from quarter to quarter;

· Risks associated with our international manufacturing and sales operations;

· Potential fluctuations in foreign currency exchange rates;

· Our ability to respond to rapid technological change;

· Our ability to identify and complete acquisitions or future expansion;

· Our ability to manage our growth;

· Our ability to recruit and retain skilled employees, including our senior management;

· Our ability to accurately estimate customer demand;

· Competition from other companies, including some with greater resources;

· Risks associated with sales to foreign buyers;

· Restrictions on our financial and operating flexibility as a result of covenants in our credit facilities;

· Our ability to obtain additional funding to expand or operate our business as planned;

· The impact of potential product liability claims;

· Liabilities under environmental laws and regulations;

· Fluctuations in the price of our common stock;

· Variations in our quarterly results of operations;

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· The cost of compliance with the Sarbanes-Oxley Act of 2002 and rules and regulations relating to corporate governance and public disclosure;

· The significant influence of our directors and executive officers on our Company and on matters subject to a vote of our stockholders;

· The impact of a decline in federal funding for preparations for terrorist incidents;

· The limited liquidity of our common stock;

· The other factors referenced in this Form 10-Q, including, without limitation, in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the factors described under “Risk Factors” disclosed in our fiscal 2012 Form 10-K, as modified in the Form 10-Q for the quarters ended April 30, 2012 and July 31, 2012.

We believe these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations. Furthermore, forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements after the date of this Form 10-Q, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this Form 10-Q might not occur. We qualify any and all of our forward-looking statements entirely by these cautionary factors.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three and nine months ended October 31, 2012 and 2011

	THREE MONTHS ENDED						NINE MONTHS ENDED
	October 31,						October 31,
	2012			2011			2012			2011
Net sales from continuing operations	$	24,238,573		$	24,744,033		$	71,718,608		$	76,162,356
Cost of goods sold from continuing operations		16,951,519			17,330,988			49,988,970			52,688,619
Gross profit from continuing operations		7,287,054			7,413,045			21,729,638			23,473,737
Operating expenses from continuing operations		7,019,656			6,840,364			21,285,329			20,499,495
Operating profit from continuing operations		267,398			572,681			444,309			2,974,242
Foreign Exchange charge gain (loss) Brazil		(61,791	)		(343,803	)		(840,319	)		(94,953	)
Arbitration judgment in Brazil		—			—			(7,873,847	)		—
Other income (loss), net		51,972			(12,328	)		171,961			53,302
Interest expense		(270,273	)		(161,914	)		(766,119	)		(425,471	)
Income (loss) from continuing operations  before income taxes		(12,694	)		54,636			(8,864,015	)		2,507,120
Provision (benefit) for income taxes		(295,340	)		(90,998	)		(669,024	)		411,650
Income (loss) from continuing operations		282,646			145,634			(8,194,991	)		2,095,470
Discontinued operations:
Loss from operations of discontinued India glove manufacturing facility		—			(1,128,390	)		—			(1,445,026	)
Benefit for income taxes		—			(406,120	)		—			(520,210	)
Loss on discontinued operations		—			(722,270	)		—			(924,816	)
Net  Income (loss)	$	282,646		$	(576,636	)	($	8,194,991	)	$	1,170,654
Earnings (loss) per share - Basic
Income (loss) from continuing operations	$	0.05		$	0.03		$	(1.55	)	$	0.40
Discontinued operations		—		$	(0.14	)		—		$	(0.18	)
Net income (loss)	$	0.05		$	(0.11	)	$	(1.55	)	$	0.22
Earnings (loss) per share - Diluted
Income (loss) from continuing operations	$	0.05		$	0.03		$	(1.55	)	$	0.39
Discontinued operations		—		$	(0.14	)		—		$	(0.17	)
Net Income (loss)	$	0.05		$	(0.11	)	$	(1.55	)	$	0.22
Weighted average common shares outstanding:
Basic		5,330,286			5,225,020			5,276,288			5,224,371
Diluted		5,367,243			5,356,835			5,276,288			5,348,172

The accompanying notes are an integral part of these condensed consolidated financial statements.

Certain reclassifications of prior period data have been made to conform to current period classifications.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

Three and nine months ended October 31, 2012 and 2011

	Three Months Ended					Nine Months Ended
	October 31,					October 31,
	2012		2011			2012			2011
Net income (loss)	$	282,646	$	(576,636	)	$	(8,194,991	)	$	1,170,654
Other comprehensive income (loss):
Cash flow hedge in China		119,150		40,698			(111,715	)		108,375
Foreign currency translation adjustments:
Lakeland Brazil, S.A.	$	446,945		(1,904,804	)	$	(2,982,122	)	$	(678,905	)
Canada		2,037		(25,641	)		(1,367	)		(263	)
United Kingdom		54,826		(94,165	)		(74,128	)		11,494
China		44,066		19,908			21,984			46,645
Russia/Kazakhstan		8,895		(36,022	)		(51,154	)		(25,950	)
Other comprehensive income (loss)		675,919		(2,000,026	)		(3,198,502	)		(538,604	)
Comprehensive income (loss)	$	958,565	$	(2,576,662	)	$	(11,393,493	)	$	632.050

The accompanying notes are an integral part of these condensed consolidated financial statements.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

October 31, 2012 (unaudited) and January 31, 2012

	October 31, 2012			January 31, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	5,551,735		$	5,711,038
Accounts receivable, net of allowance for doubtful accounts of $239,600 at October 31, 2012 and $270,200 at January 31, 2012		15,597,842			12,576,362
Inventories, net of reserves of $1,901,000  at October 31, 2012 and $1,601,000 at January 31, 2012		41,237,295			45,668,355
Deferred income taxes		4,959,813			3,987,671
Assets of discontinued operation in India		1,990,063			1,998,570
Prepaid income and VAT tax		2,244,369			1,772,806
Other current assets		1,986,041			1,993,151
Total current assets		73,567,158			73,707,953
Property and equipment, net		14,139,625			13,914,826
Prepaid VAT and other taxes, noncurrent		2,432,526			2,791,107
Security deposits		1,381,259			1,330,679
Intangibles and other assets, net		3,931,311			4,527,335
Goodwill		5,529,163			6,132,954
Total assets	$	100,981,042		$	102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	7,360,507		$	4,600,437
Accrued compensation and benefits		1,738,756			1,304,818
Other accrued expenses		1,828,659			1,584,894
Liabilities of discontinued operation in India		19,651			64,780
Current maturity of long-term debt		100,240			860,451
Current maturity of arbitration settlement		1,760,346			—
Short-term borrowing		887,517			1,037,808
Term loans to TD Bank		5,815,000			—
Borrowings under revolving credit facility		9,558,882			—
Total current liabilities		29,069,558			9,453,188
Accrued Arbitration Award in Brazil (net of current maturities)		4,906,761			—
Borrowings under revolving credit facility		—			11,457,807
Other long-term debt		1,502,144			4,814,682
Other liabilities-accrued legal fees in Brazil		83,810			99,367
VAT taxes payable long-term		3,322,993			3,312,953
Total liabilities		38,885,266			29,137,997
Stockholders' equity:
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued)					—
Common stock, $.01 par; authorized 10,000,000 shares, issued, 5,688,600 and 5,581,919 outstanding, 5,332,159 and 5,225,478 at  October 31, 2012 and  January  31, 2012		56,886			55,819
Treasury stock, at cost, 356,441 shares at October 31, 2012 and 356,441 at January 31, 2012		(3,352,291	)		(3,352,291	)
Additional paid-in capital		50,993,939			50,772,594
Retained earnings		17,621,233			25,816,224
Accumulated other comprehensive loss		(3,223,991	)		(25,489	)
Total stockholders' equity		62,095,776			73,266,857
Total liabilities and stockholders’ equity	$	100,981,042		$	102,404,854

The accompanying notes are an integral part of these condensed consolidated financial statements.

Certain reclassifications of prior period data have been made to conform to current period classifications.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

(UNAUDITED)

Nine months ended October 31, 2012

	Common Stock				Treasury Stock						Additional Paid-in			Retained			Accumulated Other Comprehensive
	Shares		Amount		Shares			Amount			Capital			Earnings			Loss			Total
Balance, January 31, 2012		5,581,919	$	55,819		(356,441	)	$	(3,352,291	)	$	50,772,594		$	25,816,224		$	(25,489	)	$	73,266,857
Net loss		—		—		—			—			—			(8,194,991	)		—			(8,194,991	)
Other comprehensive loss		—		—		—			—			—			—			(3,198,502	)		(3,198,502	)
Stock-based compensation:
Grant of director stock options		—		—		—			—			24,630			—			—			24,630
Restricted stock issued at par		106,681		1,067		—			—			(1,067	)		—			—			—
Return of shares in lieu of payroll tax withholding		—		—		—			—			(131,223	)		—			—			(131,223	)
Restricted Stock Plan:
2009 Plan		—		—		—			—			124,342			—			—			124,342
2012 Plan		—		—		—			—			204,663			—			—			204,663
Balance October 31, 2012		5,688,600	$	56,886		(356,441	)	$	(3,352,291	)	$	50,993,939		$	17,621,233		$	(3,223,991	)	$	62,095,776

The accompanying notes are an integral part of these condensed consolidated financial statements.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine months ended October 31, 2012 and 2011

	For the Nine Months Ended October 31,
	2012			2011
Cash flows from operating activities:
Net income (loss)	$	(8,194,991	)	$	1,170,654
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Arbitration award in Brazil		7,873,847			—
Provision for inventory obsolescence		300,000			(37,000	)
Provision for doubtful accounts		(30,000	)		—
Deferred income taxes		(1,209,562	)		28,786
Depreciation and amortization		1,128,784			1,207,135
Stock based and restricted stock compensation		353,635			499,493
(Increase) decrease in operating assets:
Accounts receivable		(3,416,523	)		(1,030,161	)
Inventories		2,591,044			(2,158,394	)
Prepaid income taxes and other current assets		(760,075	)		(1,095,559	)
Other assets		(370,858	)		1,692,670
Assets of discontinued operations		8,507			688,760
Increase (decrease) in operating liabilities:
Accounts payable		3,482,073			(1,114,219	)
Accrued expenses and other liabilities		408,254			(1,431,087	)
Liabilities of discontinued operations		(45,129	)		332,267
Arbitration settlement payments		(503,539	)		—
Net cash provided by (used in) operating activities		1,615,467			(1,246,655	)
Cash flows from investing activities:
Purchases of property and equipment		(1,291,197	)		(3,734,007	)
Net cash used in investing activities		(1,291,197	)		(3,734,007	)
Cash flows from financing activities:
Net borrowings (repayments) under credit agreement, net of reclassification to term  loans		(1,898,925	)		1,219,934
Proceeds from term loans net of repayments		2,280,000			3,725,000
Canada loan repayments		(175,150	)		(73,420	)
Brazil borrowings (repayments)		(542,489	)		587,337
Purchases of stock under stock repurchase program		—			(339,371	)
Other liabilities		(15,558	)		(925	)
Shares returned in lieu of taxes under restricted stock program-cash paid		(131,223	)		(50,429	)
VAT taxes payable		10,040			3,035
Net cash provided by (used in) financing activities		(473,305	)		5,071,161
Effect of exchange rate changes on cash		(10,268	)		(96,917	)
Net decrease in cash and cash equivalents		(159,303	)		(6,418	)
Cash and cash equivalents at beginning of period		5,711,038			5,953,069
Cash and cash equivalents at end of period	$	5,551,735		$	5,946,651

The accompanying notes are an integral part of these condensed consolidated financial statements.

Certain reclassifications of prior period data have been made to conform to current period classifications.

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LAKELAND INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Business

Lakeland Industries, Inc. and Subsidiaries (the "Company"), a Delaware corporation organized in April 1982, manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing and homeland security markets. The principal market for our products is in the United States. No customer accounted for more than 10% of net sales during the nine-month periods ended October 31, 2012 and 2011.

2. Basis of Presentation

The condensed consolidated financial statements included herein have been prepared by us, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments (consisting of only normal and recurring adjustments) which are, in the opinion of management, necessary to present fairly the consolidated financial information required therein. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequate to make the information presented not misleading, it is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended January 31, 2012.

The results of operations for the three and nine-month periods ended October 31, 2012 are not necessarily indicative of the results to be expected for the full year.

In this Form 10-Q, “FY” means fiscal year; thus, for example, FY13 refers to the fiscal year ending January 31, 2013.

3. Principles of Consolidation

The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

4. Inventories:

Inventories consist of the following:

	October 31,		January 31,
	2012		2012
Raw materials	$	17,333,438	$	21,213,423
Work-in-process		1,773,586		1,790,510
Finished goods		22,130,271		22,664,422
	$	41,237,295	$	45,668,355

Inventories include freight-in, materials, labor and overhead costs and are stated at the lower of cost (on a first-in, first-out basis) or market.

5. Earnings Per Share:

Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation takes into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period.

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The following table sets forth the computation of basic and diluted earnings per share based upon income (loss) from continuing operations at October 31, 2012 and 2011.

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2012		2011		2012			2011
Numerator
Net income (loss) from continuing operations	$	282,646	$	145,634	$	(8,194,991	)	$	2,095,470
Denominator
Denominator for basic earnings per share
(Weighted-average shares which reflect  356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively		5,330,286		5,225,020		5,276,288			5,224,371
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		36,957		131,815		0			123,801
Denominator for diluted earnings per share		5,367,243		5,356,835		5,276,288			5,348,172
(adjusted weighted average shares)
Basic earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.40
Diluted earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.39

6. Revolving Credit Facility

At October 31, 2012, the total balance outstanding under our revolving credit facility amounted to $9.6 million. In January 2010, the Company entered into a one-year $23.5 million revolving credit facility (as amended from time to time, the “Loan Agreement”) with TD Bank, N.A. (“TD Bank”). In January 2011, TD Bank agreed to a two-year extension to expire January 2013 and in June 2011, TD Bank agreed to extend the term to June 2014 and add a $6.5 million term loan facility to be used to fund capital expansion in Brazil, Mexico and Argentina, as well as the ability to refinance existing debt in Canada. In April 2012, TD Bank agreed to add a $3.0 million term loan facility to be used to refinance a portion of the revolver. Borrowings under this $9.5 million term loan facility are in the form of a five-year term loan, with maturity June 2014. As a result of the arbitration award issued against the Company in May 2012 (see Note 14) and the subsequent entry into a Settlement Agreement in respect thereof, as well as due to the recent operating results of the Company mentioned below, one or more events of default have occurred under the TD Bank revolving credit facility and term loan facility including an event of default for failure to comply with the minimum EBITDA covenant, which would have allowed TD Bank, at its option, to accelerate the loan.

On October 17, 2012 the Company entered into an Amendment No. 5 and Waiver (the “Amendment”) to the Loan Agreement. Under the Amendment, TD Bank has agreed to waive the Company’s non-compliance with the consolidated leverage ratio requirements and consolidated EBITDA requirements of the Loan Agreement, in each case, for the fiscal quarters ended April 30, 2012 and July 31, 2012. TD Bank has also agreed, with respect to standards for the October 31, 2012 quarter compliance standards, not to test or has revised these and one other financial covenant. As a result of the waivers, the Company is currently in compliance with the Loan Agreement.

Pursuant to the Amendment, TD Bank has reduced the Company’s revolving line of credit from the aggregate principal amount of $30,000,000 to $17,500,000 and increased the maximum interest rate payable on the revolving credit balance from LIBOR plus 2.50% to LIBOR plus 3.50%. There is currently approximately $15,400,000 of outstanding borrowings under the Loan Agreement. The maturity date of amounts outstanding under the revolving credit facility was changed from June 30, 2014 to June 30, 2013. The Loan Agreement requires payment of certain access fees for all unused portions of the total borrowing capacity provided to the Company.

The Company has engaged Raymond James & Associates, Inc. to assist the Board of Directors in its evaluation of a broad range of financial and strategic alternatives for the Company. 

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7. Major Supplier

We did not purchase in excess of 10% of our cost of goods sold from any one supplier during the nine-month period ended October 31, 2012.

8. Employee Stock Compensation

Shares of our common stock may currently be awarded under our 2012 stock incentive plan and a nonemployee director option plan. Upon the approval of the 2012 plan by stockholders of the Company in June 2012, the ability to make grants under the 2009 restricted stock plan was terminated. The 2012 plan has the structure and includes all of the components described below:

	Nature and terms
Restricted Stock Plan - employees	Long-term incentive compensation-three-year plan.  Employees are granted potential share awards at the beginning of the three-year cycle at baseline and maximum amounts.  The level of award and final vesting is based on the Board of Director’s opinion as to the performance of the Company and management in the entire three year cycle.  All vesting is three-year “cliff” vesting - there is no partial vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Restricted Stock Plan – Directors	Long-term incentive compensation-three-year plan.  Directors are granted potential share awards at the beginning of the three-year cycle at baseline and maximum amounts.  The level of award and final vesting is based on the Board of Director’s opinion as to the performance of the Company and management in the entire three-year cycle.  All vesting is three-year “cliff” vesting-there is no partial vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Matching award program	All participating employees are eligible to receive one share of restricted stock awarded for each two shares of Lakeland stock purchased on the open market.  Such restricted shares are subject to three-year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Bonus in stock program - employees	All participating employees are eligible to elect to receive any cash bonus in shares of restricted stock.  Such restricted shares are subject to two-year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the two-year period. Since the employee is giving up cash for unvested shares, the amount of shares awarded is 133% of the cash amount based on the grant date stock price.
Director fee in stock program	All directors are eligible to elect to receive any director fees in shares of restricted stock.  Such restricted shares are subject to two- year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the two-year period.  Since the director is giving up cash for unvested shares, the amount of shares awarded is 133% of the cash amount based on the grant date stock price.
Non-employee director stock option plan	The plan provides for an automatic one-time grant of options to purchase 5,000 shares of common stock to each nonemployee director newly elected or appointed. Options are granted at not less than fair market value, become exercisable commencing six months from the date of grant and expire six years from the date of grant. In addition, all nonemployee directors re-elected to the Company’s Board of Directors at any annual meeting of the stockholders will automatically be granted additional options to purchase 1,000 shares of common stock on that date.

12

Equity Incentive Plans

On June 17, 2009, the stockholders of the Company authorized the issuance of 253,000 shares under a restricted stock plan (the “2009 Equity Incentive Plan”). Under the 2009 Equity Incentive Plan, eligible employees and directors were eligible to be awarded performance-based restricted shares of the company common stock. The amount recorded as expense for the performance-based grants of restricted stock are based upon an estimate made at the end of each reporting period as to the most probable outcome of this plan at the end of the three-year performance period (e.g., baseline, maximum or zero). In addition to the grants with vesting based solely on performance, certain awards pursuant to the plan have a time-based vesting requirement, under which awards vest from two to three years after grant issuance, subject to continuous employment and certain other conditions. Restricted stock has no voting rights until fully vested and issued, and the underlying shares are not considered to be issued and outstanding until vested.

Under the 2009 Equity Incentive Plan, the Company has issued 104,989 fully vested shares as of October 31, 2012. The Company has granted up to a maximum of 35,989 restricted stock awards as of October 31, 2012. All of these restricted stock awards are nonvested at October 31, 2012 and have a weighted average grant date fair value of $8.36. The Company recognizes expense related to performance-based awards over the requisite service period using the straight-line attribution method based on the outcome that is probable.

On June 20, 2012, the stockholders of the Company authorized 310,000 shares under the Company’s 2012 Stock Incentive Plan the (“2012 Equity Incentive Plan”). Under the 2012 Incentive Plan, eligible employees and directors may be awarded restricted stock, restricted stock units, performance shares, performance units and other share-based awards. The amount recorded as expense for the performance-based grants of restricted stock are based upon an estimate made at the end of each reporting period as to the most probable outcome of this plan at the end of the three-year performance period (e.g., baseline, maximum or zero). In addition to the grants with vesting based solely on performance, certain awards pursuant to the plan have a time-based vesting requirement, under which awards vest from two to three years after grant issuance, subject to continuous employment and certain other conditions. Restricted stock has no voting rights until fully vested and issued, and the underlying shares are not considered to be issued and outstanding until vested.

Under the 2012 Equity Incentive Plan, the Company has granted 222,621 restricted stock awards as of October 31, 2012, assuming all maximum awards are achieved. All of these restricted stock awards are nonvested at October 31, 2012 (161,121 shares at “baseline”), and have a weighted average grant date fair value of $6.43. The Company recognizes expense related to performance-based awards over the requisite service period using the straight-line attribution method based on the outcome that is probable.

As of October 31, 2012, unrecognized stock-based compensation expense related to restricted stock awards totaled $51,437 pursuant to the 2009 Equity Incentive Plan and $1,261,762 pursuant to the 2012 Equity Incentive Plan, before income taxes, based on the maximum performance award level, less what has been charged to expense on a cumulative basis through October 31, 2012, which was set at baseline. Such unrecognized stock-based compensation expense related to restricted stock awards totaled $51,437 for the 2009 Equity Incentive Plan and $865,702 for the 2012 Equity Incentive Plan at the baseline performance level. The cost of these nonvested awards is expected to be recognized over a weighted-average period of three years. The Board has estimated its current performance level to be at the baseline level, and expenses have been recorded accordingly. The performance based awards are not considered stock equivalents for earnings per share (“EPS”) calculation purposes.

13

The following table represents our stock options granted, exercised and forfeited during the nine-months ended October 31, 2012.

Stock Options	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 31, 2012		18,200	$	7.31		3.38 years	$	10,230
Granted during the nine months ended October 31, 2012		10,000	$	6.44		5.66 years	$	100
Forfeited during the nine months ended October 31, 2012		4,200	$	10.67		—		—
Outstanding at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Exercisable at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Reserved for future issuance:
Directors’ Plan		21,300

There were no exercises during the nine-months ended October 31, 2012.

Stock-Based Compensation

The Company recognized total stock-based compensation costs of $349,530 and $499,493 for the nine-months ended October 31, 2012 and 2011, respectively, of which $0 and $4,253 result from the 2006 Equity Plan, $124,342 and $476,692 result from the 2009 Equity Incentive Plan, $204,663 and $0 result from the 2012 Equity Incentive Plan and $20,525 and $18,548, from the Directors Option Plan, for the nine-months ended October 31, 2012 and 2011, respectively. These amounts are reflected in selling, general and administrative expenses. The total income tax benefit recognized for stock-based compensation arrangements was $127,578 and $182,315 for the nine-months ended October 31, 2012 and 2011, respectively.

Shares under 2009 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2012
Restricted stock grants - employees		129,536		—		79,313		50,223		—
Restricted stock grants - directors		63,184		—		45,232		17,952		—
Matching award program		3,500		—		—		—		3,500
Bonus in stock - employees		25,801		3,289		3,000		—		26,090
Retainer in stock - directors		5,572		1,116		—		—		6,688
Total restricted stock plan		227,593		4,405		127,545		68,175		36,278
Weighted average grant date fair value	$	8.04	$	8.82	$	8.03	$	8.00	$	8.27

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Shares under 2012 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2013
Restricted stock grants - employees		—		164,500		—		—		164,500
Restricted stock grants - directors		—		49,500		—		—		49,500
Matching award program		—		—		—		—		—
Bonus in stock – employees		—		4,331		—		—		4,331
Retainer in stock – directors		—		4,290		—		—		4,290
Total restricted stock plan		—		222,621		—		—		222,621
Weighted average grant date fair value		—	$	6.43		—		—	$	6.43

9. Manufacturing Segment Data

Domestic and international sales from continuing operations are as follows:

	Three Months Ended October 31, (in millions of dollars)								Nine Months Ended October 31, (in millions of dollars)
	2012				2011				2012				2011
Domestic	$	9.8	41	%	$	12.7	51	%	$	28.7	40	%	$	41.0	53	%
International		14.4	59	%		12.0	49	%		43.0	60	%		35.2	47	%
Total	$	24.2	100	%	$	24.7	100	%	$	71.7	100	%	$	76.2	100	%

We manage our operations by evaluating each of our geographic locations. Our North American operations include our facilities in Decatur, Alabama (primarily the distribution to customers of the bulk of our products and the manufacture of our chemical, glove and disposable products), Jerez, Mexico (primarily disposable, glove and chemical suit production) and Sinking Spring, Pennsylvania (primarily woven products production). We also maintain three manufacturing facilities in China (primarily disposable and chemical suit production). Our China facilities, the Jerez Mexico, Salvador Brazil and our Decatur, Alabama facility produce themajority of the Company’s products. The accounting policies of these operating entities are the same as those described in Note 1 to our Annual Report on Form 10-K for the fiscal year ended January 31, 2012. We evaluate the performance of these entities based on operating profit, which is defined as income before income taxes, interest expense and other income and expenses. We have sales forces in Canada, Europe, Chile and China, which sell and distribute products shipped from the United States, Mexico or China. The table below represents information about reported manufacturing segments for the three-month and nine-month periods noted therein:

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	Three Months Ended October 31, (in millions of dollars)						Nine Months Ended October 31, (in millions of dollars)
	2012			2011			2012			2011
Net Sales from Continuing Operations:
USA	$	10.72		$	13.61		$	31.30		$	44.36
Other foreign		6.67			4.37			18.18			14.09
China		9.53			6.54			27.80			21.35
Brazil		4.29			4.87			14.17			12.96
Less intersegment		(6.97	)		(4.65	)		(19.73	)		(16.60	)
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
External Sales from Continuing Operations:
USA	$	9.83		$	12.74		$	28.69		$	41.00
Other foreign		5.92			3.90			16.41			12.54
China		4.20			3.23			12.45			9.66
Brazil		4.29			4.87			14.17			12.96
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
Intersegment Sales from Continuing Operations:
USA	$	0.89		$	0.87		$	2.61		$	3.36
Other foreign		0.75			0.47			1.77			1.55
China		5.33			3.31			15.35			11.69
Brazil		0.00			0.00			0.00			0.00
Consolidated	$	6.97		$	4.65		$	19.73		$	16.60
Operating Profit (Loss) from Continuing Operations:
USA	$	(0.85	)	$	(0.61	)	$	(3.11	)	$	(0.46	)
Other foreign		0.43			0.09			0.87			0.49
China		1.01			0.46			2.16			1.94
Brazil		(0.37	)		0.46			(0.25	)		0.27
Less intersegment		0.05			0.17			0.77			0.73
Consolidated	$	0.27		$	0.57		$	0.44		$	2.97
Depreciation and Amortization Expense  from Continuing Operations:
USA	$	0.15		$	0.16		$	0.44		$	0.51
Other foreign		0.05			0.04			0.16			0.11
China		0.09			0.08			0.26			0.24
Brazil		0.09			0.10			0.27			0.35
Consolidated	$	0.38		$	0.38		$	1.13		$	1.21
Interest Expense from Continuing Operations:
USA	$	0.17		$	0.11		$	0.41		$	0.27
Other foreign		0.05			0.06			0.15			0.18
China		0.00			0.00			0.00			0.00
Brazil		0.24			0.08			0.76			0.18
Less intersegment		(0.19	)		(0.09	)		(0.55	)		(0.21	)
Consolidated	$	0.27		$	0.16		$	0.77		$	0.42
Income Tax Expense (Benefit) from Continuing Operations:
USA	$	(0.32	)	$	(0.27	)	$	(1.06	)	$	(0.29	)
Other foreign		0.02			0.45			0.14			0.70
China		0.03			0.18			0.40			0.56
Brazil		(0.14	)		(0.06	)		(0.43	)		(0.20	)
Less intersegment		0.11			(0.39	)		0.28			(0.36	)
Consolidated	$	(0.30	)	$	(0.09	)	$	(0.67	)	$	0.41
Total Assets (at Balance Sheet Date):
USA							$	29.64		$	37.43
Other foreign								17.69			14.75
China								26.49			22.32
India assets of discontinued operations								2.67			3.73
Brazil								24.49			27.16
Consolidated							$	100.98		$	105.39
Long-lived Assets (at Balance Sheet Date)
USA							$	5.02		$	5.33
Other foreign								1.70			0.03
China								3.02			2.49
Brazil								2.88			2.49
India								1.52			3.25
Consolidated							$	14.14		$	13.59

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10. Income Tax Audit/Change in Accounting Estimate

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.

There was no activity during FY12 or FY13, and the uncertain tax liability at October 31, 2012, was $0. The Company’s policy is to recognize interest and penalties related to income tax issues as components of income tax expense.

The Company is subject to USA federal income tax, as well as income tax in multiple USA state and local jurisdictions and a number of foreign jurisdictions. The Company’s federal income tax returns for through FY07 have been audited by the Internal Revenue Service (“IRS”). The FY07 audit has been completed by the IRS and the Company has received a final “No Change Letter”. The Company has received notice from the IRS that it will shortly commence an audit for the FY09 tax return.

Our three major foreign tax jurisdictions are China, Canada and Brazil. According to China tax regulatory framework, there is no statute of limitation on fraud or any criminal activities to deceive tax authorities. However, the general practice for taxing authorities is to go back five years, and general practice for records maintenance is 15 years. China tax authorities have performed limited reviews on all China subsidiaries as of tax years 2008, 2009, 2010 and 2011 with no significant issues noted. As of this statement filing date, we believe our tax positions are reasonably stated.

Lakeland Protective Wear, Inc., our Canadian subsidiary, follows Canada tax regulatory framework recording its tax expense and deferred tax assets or liabilities. As of this statement filing date, we believe the Company’s tax situation is reasonably stated, and we do not anticipate future tax liability.

The Company’s Brazilian subsidiary is under a tax audit, which raised some issues regarding the tax impact related to the merger in 2008 and the goodwill resulting from the structure which was set up at the Company's Brazilian counsel's advice. The Company has received a formal claim from the authorities in the amount of USD$1.1 million ($R2.3 million) (mostly fines and penalty). The Company has filed a lawsuit in order to cancel this claim. We are still in first administrative level, in case of loss we can appeal another administrative level. Management believes it is possible that we will have success in our defense at the administrative level. In the event we go to judicial level, management believes the chance of loss is remote.

The structure of our 2008 acquisition is relatively common in acquisitions of Brazilian operations made by non-Brazilian companies. In general, acquisitions with this structure have survived challenge by the taxing authorities in Brazil. The cumulative amount of tax benefits recognized on the Company’s books through October 31, 2012, resulting from the tax deduction of the goodwill amortization is approximately USD$870,000. This results from the goodwill on the Brazilian books which, for Brazilian tax purposes, is eligible for tax write-off over a five year period dating from November 2008.

11. Derivative Instruments and Foreign Currency Exposure

The Company has foreign currency exposure, principally through sales in Canada, Brazil, China, Argentina, Chile and the UK, and production in Brazil, Mexico and China. Management has commenced a derivative instrument program to partially offset this risk by purchasing forward contracts to sell the Canadian Dollar, the Chilean Peso, the Euro, the Great Britain Pound and the Argentina Peso. Such contracts are largely timed to expire with the last day of the fiscal quarter, with a new contract purchased on the first day of the following quarter, to match the operating cycle of the Company. Management has decided not to hedge its long position in the Chinese Yuan. Management previously had not hedged the Brazilian Real, but commenced doing so in May 2012. We designated the forward contracts as nonhedging instruments with loss and gain recognized in the current earnings. In the three and nine-months ended October 31, 2012, the Company sustained a pre-tax gain on foreign exchange in Brazil of $61,791or $0.01 per share and a pre-tax loss of  ($840,319) or ($0.13 per share, respectively included in pre-tax income from continuing operations. In the three and nine months ended October 31, 2011, the Company recorded a loss on foreign exchange in Brazil of ($343,803) or ($0.05) per share and ($94,953) or ($0.01) per share, respectively included in pre-tax income from continuing operations.

17

The Company accounts for its foreign exchange derivative instruments as either assets or liabilities at fair value, which may result in additional volatility in both current period earnings and other comprehensive income as a result of recording recognized and unrecognized gains and losses from changes in the fair value of derivative instruments.

We also enter cash flow hedge contracts with financial institutions to manage our currency exposure on future cash payments denominated in foreign currencies. The effective portion of gain or loss on cash flow hedge is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. Our hedge positions are summarized below:

Derivatives not designated as hedging instruments (in thousands)

Foreign Exchange Forward Contracts

	Three Months Ended				Nine Months Ended
	October 31, 2012		October 31, 2011		October 31, 2012		October 31, 2011
Notional Value in USD	$	11,175	$	3,444	$	36,501	$	9,950
Gain and loss reported in current operating income (expense)	$	205	$	41	$	261	$	(130	)

Derivatives designated as hedging instruments (in thousands)

Asset Derivative from Foreign Currency Cash Flow Hedge

	As of October 31, 2012		As of January 31, 2012
Notional value in USD	$	6,777	$	6,904
Gain and (loss) reported in equity as other comprehensive income	$	11	$	123
Reported in Balance Sheet		Other payables		Other assets

Effect of Derivative on Income Statement from Foreign Currency Cash Flow Hedge

	Nine Months Ended October 31, 2012		Nine Months Ended October 31, 2011
Gain reclassed from other comprehensive income into current earnings during nine months ended October 31, 2012 reported in operating income	$	33	$	30

The cash flow hedge is designed to hedge the payments made in Euros and USA dollars to our China subsidiaries. Fair value of $10,775 and $87,614 were both recorded as other assets as of October 31, 2012 and 2011.

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12. VAT Tax Issue in Brazil

Asserted Claims

VAT tax in Brazil is at the state level. We commenced operations in Brazil in May 2008 through an acquisition of Qualytextil, S.A. (“QT”). At the time of the acquisition, and going back to 2004, the acquired company used a port facility in a neighboring state (Recife-Pernambuco), rather than its own, in order to take advantage of incentives, in the form of a discounted VAT tax, to use such neighboring port facility. We continued this practice until April 2009. The practice was stopped largely for economic reasons, resulting from additional trucking costs and longer lead time. The Bahia state auditors (state of domicile for the Lakeland operations in Brazil) initially reviewed the period from 2004-2006 and filed a claim for unpaid VAT taxes in October 2009. The claim asserted that the state VAT taxes are owed to the state of domicile of the ultimate importer/user and disregarded the fact that the VAT taxes had already been paid to the neighboring state.

The audit notice claimed that the taxes paid to Recife-Pernambuco should have been paid to Bahia in the amount of R$4.8 million and assessed fines and interest of an additional R$5.6 million for a total of R$10.4 million (approximately US$3.0 million, $3.5 million and $6.5 million, respectively).

Bahia had announced an amnesty for this tax whereby R$3.5 million (US$1.9 million) of the taxes claimed were paid by QT by the end of the month of May 2010, and the interest and penalties related thereto were forgiven. According to fiscal regulation of Brazil, $R2.1 million (US$1.1 million) of this amnesty payment has since been recouped as credits against future taxes due.

An audit for the 2007-2009 period has been completed by the State of Bahia. In October 2010, the Company received a claim for 2007-2009 from the State of Bahia for taxes of R$6.2 (US$3.1) million and fines and penalties of R$6.1 (US$3.0) million, for a total of R$12.3 (US$6.2) million, which had been expected per above. The Company intends to defend and wait for the next amnesty period.  Of these claims, our attorney informs us that R$0.4 (US$0.2) million in respect of fines and penalties will likely be successfully defended based on state auditor misunderstanding.

Lakeland intends to apply for amnesty and make any necessary payments upon the forthcoming, anticipated amnesty periods imposed by the local Brazilian authorities. Of this R$6.2 (US$3.1) million exposure, R$3.4 (US$1.7) million is eligible for future credit.

Company Brazilian counsel advises the Company that in its opinion the next amnesty will come before the end of the judicial process. There has been a long history in Bahia of the state declaring such amnesty periods every two to three years going back 25 years. The litigation process begins as two separate administrative proceedings and, after a period of time, must be switched to a formal court judicial proceeding. If the next amnesty does not arrive prior to the commencement of the formal court proceedings, the Company will have to remit a “judicial deposit” covering the exposure from 2007-2009 in taxes of approximately R$6.2 (US$3.1) million plus assessed fines and interest bringing the judicial deposit needed to approximately R$12.3 (US$6.2) million. The initial estimated time period to Judicial Court deposit was 1.5-2 years.

Set forth below are the total amounts of potential tax liability from both the first and second claims, the amount of payments already made into amnesty or scheduled for future payment, which are not eligible for future credit (essentially the discount allowed as an incentive by the neighboring state), less the amount of VAT taxes actually paid which are available as a credit and the amounts of the escrow released by one of the three sellers of the Brazilian company acquired by the Company. The foregoing forms the basis for the US$1.6 million charge to expense recorded by Lakeland in the first quarter of fiscal 2011.

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	BRL (millions)						USD (millions)
Foreign exchange rate							1.82		1.82		1.82
	Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit1		Available For Credit2		Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit¹		Available For Credit2
Original claim 2004-2006		3.5		1.4		2.1		1.9		0.8		1.1
Second claim
Preacquisition 2007-April 2008		2.4		1.0		1.4		1.3		0.5		0.8
Postacquisition May 2008-April 2009		3.3		1.4		1.9		1.8		0.8		1.0
Totals		9.2		3.8		5.4		5.0		2.1		2.9
Escrow released from one seller		1.0		1.0		-		0.5		0.5		-
Charged to expense at April 30, 2010		-		2.8		-		-		1.6		-

¹ Essentially represents the discount originally offered as incentive by the neighboring state.

² The amount allowed as credit against future payments represents the VAT taxes actually previously paid to the neighboring state.

Of these claims, our attorney informs us that R$1.0 (US$0.6) million will be successfully defended based on a lapse of statute of limitations and R$0.3 (US$0.2) million based on state auditor misunderstanding. No accrual has been made for these items.

The total taxes paid into the amnesty program on May 31, 2010 were R$3.5 (US$2.2) million.

Future Accounting for Funds

Following payment into the amnesty program, a portion of the taxes were since recouped via credits against future taxes due. The Company does not expect any further charges to expense other than as described below:

In addition to the direct cost of the additional tax liability accrued per above, there are several additional costs which will be future costs. There will be interest costs on the cash paid during the period from the payment to the state and the credit to be subsequently used which has been and will be charged to expense as incurred. There will be legal fees to defend and resolve this legal matter before the state, which will be charged to expense as incurred. Further, there will be a loss of an incentive known as “desenvolve”³ as a result of using the credit rather than cash payments for the future VAT taxes. The “desenvolve” has already been reflected in the operating results subsequent to May 2010 through August 2011 when the initial credit was exhausted and the Company resumed normal monthly cash payments for VAT taxes. This has been reflected as a reduction in the gross margin in the ensuing period through August 2011. This is not a cost but a lost discount.

³ “Desenvolve” is an incentive remaining from Brazil’s hyperinflationary days about 10 years ago. It is based on the net ICMS (VAT) tax payable. (QT pays ICMS to suppliers on raw materials, bills and collects ICMS from customers, takes credit for ICMS paid to suppliers and remits the difference. The net amount payable is payable 30% immediately and 70% for up to five years. The “desenvolve” is an incentive to pay the 70% quickly, like a cash discount. If the full amount is paid immediately, there is an 80% discount of the 70% (or 56% of the total).

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Summary of Cash Flow Requirements: (R$ millions and US$ millions)

Claim period/description	Taxes		Fines and penalties		Maximum judicial deposit
2004-2006 not paid into amnesty and being defended. Management does not plan to pay this into amnesty	R$	1.3	R$	1.9	R$	3.2	US$	1.6
2007-2009 claim by State of Bahia (1)	R$	6.2	R$	6.1	R$	12.3	US$	6.2
TOTAL	R$	7.5	R$	8.0	R$	15.5	US$	7.8

⁽¹⁾  Our attorney informs us that based on the slow progress so far in the administrative proceedings for the 2007-2009 claim, they believe it is now more likely than not that the next amnesty will arrive prior to the need to pay the R$12.3 judicial deposit. Therefore, the most likely cash flow outlook in management’s opinion is as follows:

R$3.1 (US$1.6) million 2004-2006 Judicial deposit	Management has been able to satisfy the remaining balance of R$3.1 (US$1.6) million judicial deposits by pledging real estate owned rather than paying  cash
R$6.2 (US$3.1) million 2007-2009 claim into amnesty	From Quarter One Fiscal year 2014 to Quarter Two Fiscal year 2014

At the next amnesty period:

· If before judicial process - still administration proceeding - the Company would pay only the taxes with no penalty or interest. This would then be recouped via credits against future taxes on future imports. As before, the Company would lose desenvolve and interest.

· If after judicial process commences - the amount of the judicial deposit previously remitted would be reclassified to the taxes at issue, and the excess submitted to cover fines and interest would be refunded to QT. As above, the taxes would be recouped via credits against future taxes on future imports, but we would lose desenvolve and interest.

· The desenvolve is scheduled to expire on February 2013 and has been partially phased out starting February 2011. Based on the anticipated timing of the next amnesty, there may be little amounts of lost desenvolve since it would largely expire on its own terms in any case.

Balance Sheet Treatment

The Company has reflected the above items on its October 31, 2012, balance sheet as follows:

		(R$ millions)		US$ millions
Noncurrent assets	VAT taxes eligible for future credit		4.0		1.9
Long-term liabilities	Taxes payable		6.2		3.2

13. Termination of License Agreement with DuPont

The Company received notice, dated July 12, 2011, from E.I. DuPont de Nemours and Company (“DuPont”) stating that DuPont was terminating the DuPont Wholesaler Agreement dated January 1, 2011. DuPont fulfilled orders for purchases of finished garments containing Tychem® and Tyvek® through September 10, 2011.

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While products made from DuPont-branded fabrics have long been an important part of Lakeland’s product mix, in recent years we have been successfully growing our own branded product lines. This was according to a prudent strategy to reduce excessive reliance upon any one supplier.

We have also aggressively globalized our business over the last decade to take advantage of the fast growth in emerging markets/BRIC countries, and we are achieving positive results in Canada and Europe.  As a result, we are in a position where the loss of DuPont-supplied fabrics will have a smaller impact on our overall business and profit than it would have a few years ago.

These DuPont-branded garments, which were sold with the DuPont brand and marketed under restrictive agreements with DuPont, delivered a gross margin in the previous fiscal year significantly lower than the margin on the balance of all products marketed and sold by the Company worldwide which carry the Lakeland brand, so the impact of the decline on the bottom line is less significant than on the top line.

With the dissolution of the agreement with DuPont, we will for the first time have removed the obstacles that prevented us from fully and adequately addressing the US market, such as licensing restrictions that prevented aggressive advertising and promotion of Company-branded disposable products.  We have earlier this year launched our broad scale marketing of Lakeland branded products in the US.

Supporting these product introductions is the re-organization and increase in the size of the US sales force and other marketing and product strategies that had already begun just prior to the termination of the agreement with DuPont.  The fact that Lakeland uniquely among its competitors does not rely upon contract manufacturers — and thus has more control over quality — is highly valued by its customers, who also prefer to deal directly with the manufacturer.

14. Brazil Management and Share Purchase Agreement-Arbitration

Lakeland Industries, Inc. and its wholly-owned subsidiary, Lakeland Brasil S.A. (“Lakeland Brasil” and together with Lakeland Industries, Inc., the “Company”) were parties to an arbitration proceeding in Brazil involving the Company and two former officers (the “former officers”) of Lakeland Brasil.  On May 8, 2012, the Company received notice of an arbitral award in favor of the former officers as described below.  On May 12, 2012, the Company filed a request for clarification seeking a modification of the award or to have it set aside. However, no such relief was awarded to the Company.

The arbitration proceeding arose out of the acquisition by the Company in 2008 of Qualytextil, S.A., a company of which the former officers were owners.  In connection with the acquisition, the Company entered into management agreements with the former officers and agreed to pay the former officers a supplemental purchase price payment (“SPP”), calculated based upon the 2010 EBITDA of the acquired company, subject to a cap (the “Maximum SPP”).  Based upon actual results for 2010 as contractually specified, the Company determined that no SPP would be payable.  Contractual provisions further provided for the former officers to be paid the Maximum SPP in the event that either of them were terminated by the Company without cause even if a SPP would not otherwise be payable. In May 2010, the Company terminated the former officers for cause.

In the arbitration proceeding, the former officers sought a determination that they were terminated by the Company without cause and, therefore, entitled to be paid their portion of the Maximum SPP and the monthly remuneration that they would have been paid from the date of termination through the end of their contractual employment period on December 31, 2011. On May 8, 2012, the Company received the arbitration decision which accepted the former officers’ requests to declare that their employments were terminated without cause and determined that, among other things, the non-compete clauses of each of the stock purchase agreement and management agreements were null and non-applicable despite having been drafted by one of the top law firms in Brazil and reviewed by a second top law firm. The Company was ordered to pay to the former officers damages representing their portion of the Maximum SPP in the aggregate amount of R$18,037,500 (approximately US$9 million at current exchange rates) and monthly remuneration from the date of termination through December 31, 2011, which the Company estimates at an aggregate amount of R$1,150,000 (US$580,000). The arbitration panel further ordered that the Company pay the former officers approximately R$450,000 (US$226,000) from an escrow account established in connection with the acquisition and the Company is responsible for payment of 85% of the costs and arbitrators’ fees associated with the arbitration. The arbitration award, with all taxes, expenses, interest and applicable adjustments to date amounts to R$25,148,252 (approximately US$ 12,575,000) as adjusted for inflation, plus interest and penalties.

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On September 11, 2012, the Company and the former officers entered into a settlement agreement (the “Settlement Agreement”) which fully and finally resolved all alleged outstanding claims against the Company arising from the arbitration proceeding. Pursuant to the Settlement Agreement, the Company agreed to pay to the former officers an aggregate of approximately US $8.5 million (the “Settlement Amount”) over a period of six (6) years. The Settlement Amount is payable in combined Brazilian Real and United States dollars as follows: (i) R$3 million (approximately US $1.5 million) was paid on the effective date of the Settlement Agreement, of which amount (A) R$2.294 million (approximately US $1.15 million) in cash was released from the escrow account established in connection with the Qualytextil, S.A. acquisition, and (B) R$706,000 (approximately US $350,000) was paid directly by the Company; (ii) R$2 million (approximately US $1.0 million) is payable on or before December 31, 2012; and (iii) the balance of $6.0 million of the Settlement Amount will be made in United States dollars consisting of 24 consecutive quarterly installments of US $250,000 beginning on March 31, 2013. In the event the Company fails to pay the remainder of the Settlement Amount in accordance with terms of the Settlement Agreement, the former officers will be entitled to seek payment by the Company of R$25,148,252.47 (approximately US $12,575,000) as adjusted for inflation, plus interest and penalties, less prior payments, which represents the original arbitral award inclusive of all taxes, expenses, interest and applicable adjustments.

In addition, pursuant to the Settlement Agreement, as additional security for payment of the Settlement Amount, Lakeland Brasil agreed to grant the former officers a second mortgage interest on certain of its property in Brazil, which mortgage is expressly behind the lien securing the payment of tax debts to a state within Brazil related to certain notices of tax assessment on such property (see Note 12). Lakeland also agreed to become a co-obligor, in lieu of a guarantor, for payment of the Settlement Amount.

The Company has recorded a settlement liability at net present value of $7.0 million, by applying a risk-free interest rate of 1.58% to discount the non-interest bearing payment schedule. Together with estimated total fees for the settlement of $856,000, the total cost for the settlement is estimated at $7.9 million.

The Company continues to strongly believe that the Brazilian arbitration decision is inconsistent with the underlying facts. However, the Company entered into the Settlement Agreement to eliminate the uncertainty, burden, risk, expense and distraction of further arbitration or litigation

The Company further believes that its available resources, together with additional outside funding through debt or equity financings or asset sales, will enable it to make timely payment of the Settlement Amount and continue its operations on a viable basis. There can, however, be no assurance that such outside funding will ultimately be obtained. The Company is continuing to work with Raymond James & Associates, Inc. in its evaluation of a broad range of financial and strategic alternatives for the Company.

The legal and arbitration fees are being charged to expense as incurred.

15. Goodwill

The changes in the carrying amount of goodwill during fiscal year 2012 are summarized in the following:

	USA		Brazil			Total
Balance as of January 31, 2012	$	871,297	$	5,261,657		$	6,132,954
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation		-		(603,791	)		(603,791	)
Balance as of October 31, 2012	$	871,297	$	4,657,866		$	5,529,163

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16. Recent Accounting Pronouncements

In June 2011, the FASB issued amendments to the presentation of comprehensive income, which became effective for interim and annual periods beginning after December 15, 2011. The amendments eliminated the previous reporting option of displaying components of other comprehensive income within the statement of changes in stockholders’ equity. Under the new guidance, the Company is required to present either a single continuous statement of comprehensive income or an income statement immediately followed by a statement of comprehensive income. In addition, the amendment requires the reclassification adjustments from other comprehensive income to net income be shown on the face of the financial statements; however the FASB has postponed the implementation regarding the reclassification indefinitely.

17. Discontinued Operations in India

The Company decided to discontinue operations in its India glove manufacturing facility and put the assets and business up for sale. The Company decided to sell this division primarily because it has incurred significant operating losses since inception, and the Company has been unsuccessful in developing sufficient sales to reach at least break even. The Company was attempting to sell the operations as an ongoing operation but shut down its operations in December 2011.

Prior year financial statements for the three and nine months ended October 31, 2011 have been restated to present the operations of the India glove manufacturing subsidiary as a discontinued operation.

In conjunction with the discontinuance of operations in FY12, the Company recognized a pretax loss on disposal of $1.4 million, primarily consisting of $0.9 million in fixed asset write-downs, $0.4 million in inventory write-downs and $0.1 million in professional fees relating to the sale and $0.3 million in shutdown expenses. The assets and liabilities of the discontinued operations are presented separately under the captions “Assets of discontinued operations in India” and “Liabilities of discontinued operations in India,” respectively, in the accompanying Balance Sheets at October 31, 2012 and January 31, 2012, and consist of the following:

	October 31, 2012		January 31, 2012
Cash	$	219,949	$	230,502
Accounts receivable		16,494		6,772
Inventory		220,603		200,000
Other current asset		11,246		27,262
Property and equipment		1,521,771		1,534,034
Total assets of discontinued operations		1,990,063		1,998,570
Liabilities of discontinued operations:
Accounts payable		14,668		5,715
Other liabilities		4,983		59,065
Total liabilities of discontinued operations		19,651		64,780
Net assets of discontinued operations	$	1,970,412	$	1,933,790

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The following table illustrates the reporting of the discontinued operations reclassified on the face of the Statements of Operations for the nine months ended October 31, 2012 and 2011:

	Three Months Ended October 31,					Nine Months Ended October 31,
	2012		2011			2012		2011
Net sales		—	$	225,307			—	$	742,055
Cost of goods sold		—		372,691			—		1,056,757
Gross profit		—		(147,384	)		—		(314,702	)
Operating expense		—		100,312			—		249,630
Operating profit (loss)		—		(247,696	)		—		(564,332	)
Shutdown expense accrual		—		880,694			—		880,694
Loss from discontinued operations before income taxes		—		(1,128,390	)		—		(1,445,026	)
Benefit from income taxes from discontinued operations		—		406,120			—		520,210
Net loss from discontinued operations		—		(722,270	)		—		(924,816	)

The above amounts presented for the previous fiscal year have been reclassified to conform to the current presentation.

Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Form 10-Q may contain certain “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. This information involves risks and uncertainties. Our actual results may differ materially from the results discussed in the forward-looking statements. See Part I, Item 1.

Overview

We manufacture and sell a comprehensive line of safety garments and accessories for the industrial protective clothing market. Our products are sold by our in-house customer service group, our regional sales managers and independent sales representatives to a network of over 1,200 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories. In addition, we supply federal, state and local governmental agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control.

We have operated manufacturing facilities in Mexico since 1995, in China since 1996 and in Brazil since 2008. Beginning in 1995, we moved the labor intensive sewing operation for our limited use/disposable protective clothing lines to these facilities. Our facilities and capabilities in China and Mexico allow access to a less expensive labor pool than is available in the United States and permit us to purchase certain raw materials at a lower cost than are available domestically. As we have increasingly moved production of our products to our facilities in China, Mexico and Brazil, we have seen improvements in the profit margins for these products (other than issues with the Brazilian Navy contract as discussed herein) and for cost increases early in the second quarter of FY13 for which transfer pricing has been adjusted effective in the third quarter of FY13.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of our financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, net sales and expenses and disclosure of contingent assets and liabilities. We base estimates on our past experience and on various other assumptions that we believe to be reasonable under the circumstances, and we periodically evaluate these estimates.

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We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of our consolidated financial statements.

Revenue Recognition. The Company derives its sales primarily from its limited use/disposable protective clothing and secondarily from its sales of high-end chemical protective suits, firefighting and heat protective apparel, gloves and arm guards and reusable woven garments. Sales are recognized when goods are shipped, at which time title and the risk of loss pass to the customer. Sales are reduced for sales returns and allowances. Payment terms are generally net 30 days for United States sales and net 90 days for international sales.

Substantially all the Company’s sales outside Brazil are made through distributors. There are no significant differences across product lines or customers in different geographical areas in the manner in which the Company’s sales are made.

Lakeland offers a growth rebate to certain distributors each year on a calendar-year basis. Sales are tracked on a monthly basis, and accruals are based on sales growth over the prior year. The growth rebate accrual is booked on a monthly basis as a reduction to revenue and an increase to liabilities if the accrual is increased and the reverse if the trend goes in the opposite direction over the prior year in a given month. Based on volume and products purchased, distributors can earn anywhere from 1% to 6% rebates in the form of either a quarterly or annual credit to their account, depending on the specific agreement. In estimating the accrual needed, management tracks sales growth over the prior year.

Our sales are generally final; however, requests for return of goods can be made and must be received within 90 days from invoice date. No returns will be accepted without a written authorization. Return products may be subject to a restocking charge and must be shipped freight prepaid. Any special made-to-order items are not returnable. Customer returns have historically been insignificant.

Customer pricing is subject to change on a 30-day notice; exceptions based on meeting competitors’ pricing are considered on a case-by-case basis.

Inventories. Inventories include freight-in, materials, labor and overhead costs and are stated at the lower of cost (on a first-in, first-out basis) or market. Provision is made for slow-moving, obsolete or unusable inventory.

Allowance for Doubtful Accounts. Trade accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company recognizes losses when information available before the financial statements are issued or available to be issued indicates that it is probable that an asset has been impaired based on criteria noted above at the date of the financial statements, and the amount of the loss can be reasonably estimated. Management considers the following factors when determining the collectability of specific customer accounts:

Customer creditworthiness, past transaction history with the customer, current economic industry trends and changes in customer payment terms. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable.

Uncertain Tax Positions. The Company only recognizes or continues to recognize tax positions that meet a “more likely than not” threshold. This guidance prescribes recognition thresholds that must be met before a tax benefit is recognized in the financial statements and provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under this guidance, an entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold.

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Income Taxes and Valuation Allowances. We are required to estimate our income taxes in each of the jurisdictions in which we operate as part of preparing our consolidated financial statements. This involves estimating the actual current tax in addition to assessing temporary differences resulting from differing treatments for tax and financial accounting purposes. These differences, together with net operating loss carry forwards and tax credits, are recorded as deferred tax assets or liabilities on our balance sheet. A judgment must then be made of the likelihood that any deferred tax assets will be realized from future taxable income. A valuation allowance may be required to reduce deferred tax assets to the amount that is more likely than not to be realized. In the event we determine that we may not be able to realize all or part of our deferred tax asset in the future, or that new estimates indicate that a previously recorded valuation allowance is no longer required, an adjustment to the deferred tax asset is charged or credited to net income in the period of such determination.

Valuation of Goodwill and Other Intangible Assets. Goodwill represents the excess of purchase price over the fair value of the net assets acquired. The Company does not amortize goodwill but does assess the recoverability of goodwill each year, or more often if indicators warrant, by determining whether the fair value of each reporting unit supports its carrying value. The fair value of the Company’s identified reporting units were estimated using the present value of expected future discounted cash flows.

The Company amortizes the cost of other intangible assets over their estimated useful lives, unless such lives are deemed indefinite. Intangible assets with indefinite lives are tested each year for impairment, or more often if indicators warrant. There were no impairment charges related to goodwill or other intangible assets for fiscal year 2013 and 2012.

Foreign Currency Risks. The functional currency for the Brazil operation is the Brazil Real; the United Kingdom, the Euro; the trading company in China, the RenminBi; the Canada Real Estate, the Canadian dollar; and the Russia operation, the Russian Ruble and Kazakhstan Tenge. All other operations have the U.S. dollar as its functional currency.

Impairment of Long-Lived Assets. The Company evaluates the carrying value of long-lived assets to be held and used when events or changes in circumstances indicate the carrying value may not be recoverable. The carrying value of a long-lived asset is considered impaired when the total projected undiscounted cash flows from the asset are separately identifiable and are less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset.

Self-Insured Liabilities. We have a self-insurance program for certain employee health benefits. The cost of such benefits is recognized as expense based on claims filed in each reporting period and an estimate of claims incurred but not reported during such period. Our estimate of claims incurred but not reported is based upon historical trends. If more claims are made than were estimated or if the costs of actual claims increase beyond what was anticipated, reserves recorded may not be sufficient, and additional accruals may be required in future periods. We maintain separate insurance to cover the excess liability over set single claim amounts and aggregate annual claim amounts.

Loss Contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been or is probable of being incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

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Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed.

Significant Balance Sheet Fluctuation October 31, 2012, As Compared to January 31, 2012

The Company maintains operations in many countries, each of which require working capital. There are restrictions on movements of cash other than trade payables and potential tax liabilities if profits are repatriated. Accordingly, a substantial portion of the Company’s cash is not readily available to pay corporate obligations from the United States, including the payments due pursuant to the Settlement Agreement (described herein and in Note 14). Cash decreased by $0.2 million as borrowings from TD Bank decreased by $1.9 million at October 31, 2012, with all TD borrowings including $5.8 million in term loans now classified as current. Accounts receivables increased $3.0 million, primarily due to the increase of sales in the nine months ended October 31, 2012 in Brazil of $14.2 million or 21.7% from the nine months ended January 31, 2012, primarily resulting from our Brazilian Navy contract. Inventory decreased by $4.4 million, including the $2.6 million of which decrease was in the U.S., with $0.7 million in chemical, as we changed our inventory mix to Lakeland branded products only. Our wovens division inventory decreased $1.4 million as a planned reduction as we physically moved this division from Missouri to Alabama. Accounts payables increased $2.8 million due primarily to the $1.2 million increase in China payables as more materials are sourced and purchased in China and in Brazil in respect of raw material for the Navy Contract, all of which are paid on a more prolonged schedule than the average payable. As a result of the Settlement Agreement in Brazil, the balance sheet now reflects a total accrual of $6.7 million, with $4.9 million in non-current with $1.8 million current maturity and $0.7 million in accrued fees at October 31, 2012.

At October 31, 2012, the Company had an outstanding loan balance of $9.6 million under its revolving facility with TD Bank compared with $11.5 million at January 31, 2012. The term loan balance at October 31, 2012 was $5.8 million. Total stockholders’ equity decreased $11.2 million principally due to the arbitration award and subsequent Settlement Agreement in Brazil and changes in foreign exchange translations in other comprehensive income of $3.2 million.

Three months ended October 31, 2012, As Compared to the Three Months Ended October 31, 2011

Net Sales. Net sales from continuing operations decreased $0.5 million, or 2%, to $24.2 million for the three months ended October 31, 2012, from $24.7 million for the three months ended October 31, 2011. The net decrease was due to a $2.9 million decrease in domestic sales offset in part by a $2.4 million increase in foreign sales. USA domestic sales of disposables decreased by $3.1 million, chemical suit sales decreased by $0.5 million, gloves decreased by $0.2 million, as reflective sales increased by $0.5 million, wovens sales increased by $0.1 million and fire product related sales increased by $0.3 million. The decrease in domestic sales was mainly due to the loss of the DuPont product sales as a result of the termination of the DuPont supply contract in July 2011, and partially due to a shortage in stock situation that management believes has been resolved (but may have continuing impact resulting from lost customers), and also to operating inefficiencies resulting from the move from St. Joseph, Missouri to Decatur, Alabama and Mexico which resulted in additional lost sales. The sales team continues to make progress in converting customers from Tyvek, previously supplied DuPont product, to Lakeland branded products. Currently, the decreased sales due to the loss of the DuPont contract have not been offset by such sales of Lakeland branded products; however, the sales achieved from Lakeland branded products have greater gross profit margins than the DuPont Tyvek products, lessening the impact of the revenue reduction. While the Company’s sales of Lakeland branded products show strong gains over the Lakeland branded product sales from the same period in the prior year, there can be no assurance that the lost sales volume can be rebuilt. Domestic sales in China and to the Asia Pacific Rim remain strong. UK sales increased by $1.2 million, or 83.4%. Chile and Argentina sales increased by 91%, Beijing sales increased by $0.4 million or 33.5% and Mexico sales increased by $0.2 million or 39.9%.

Gross Profit. Gross profit decreased $0.1 million, or 1.7%, to $7.3 million for the three months ended October 31, 2012, from $7.4 million for the three months ended October 31, 2011. Gross profit as a percentage of net sales was flat at 30.1% for the three months ended October 31, 2012, from 30% for the three months ended October 31, 2011. Factors driving the changes in gross margins were:

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* Disposables margins increased 4.3 percentage points in the third quarter of FY13 over the third quarter of FY12, resulting mainly from changed sales mix of nearly all Lakeland branded products this year, while last year had more than 50% sales of DuPont products at a lower margin. This year’s margin was lower than it otherwise would be as a result of lower volume and an increase in inventory reserves against Tyvek items remaining.

* China manufacturing gross margin at our Qingdao plant increased 10.7 percentage points over last year due to low volume in the previous year forcing us to accept orders from customers not in our normal product range at lower margins in order to keep our plant busy during a slow time.

* Brazil margin decreased by 17.8 percentage points in the third quarter of FY13 from the third quarter of FY12 due to issues with the Brazilian Navy contract.  This contract was to supply coveralls to the Brazilian Navy made from Fire-Resistant cotton for a total value of approximately USD $5.0 million. The Brazilian currency weakened significantly in May 2012, thereby greatly increasing the material cost purchased from a USA supplier. Further, due to the length of time elapsed since the bid was submitted there were increases in the material invoiced cost, along with a need to change certain components at a higher cost. There were also similar issues with several utility contracts.

* Chile gross margin increased by approximately 18 percentage points in the second quarter of FY13 over the second quarter of FY12 due to a very strong quarter.

* Gloves gross margins improved by 8.9 percentage points resulting from improved mix.

Operating Expenses. Operating expenses increased by $0.2 million to $7.0 million for the three months ended October 31, 2012, from $6.8 million for the three months ended October 31, 2011. As a percentage of sales, operating expenses were flat at 28% for the three months ended October 31, 2012 and the three months ended October 31, 2011. Factors affecting operating expenses included:

$0.2	million increase in sales salaries resulting from additional sales personnel in China and the USA.
$0.1	million increase in bad debts primarily resulting from one large account in Chile
$0.1	million miscellaneous increases
$0.1	million increase in professional fees due to additional legal matters relating to various banking compliance issues and accrual for several payroll terminations
$(0.1)	million decrease in freight out, mainly from lower volume in disposables in the USA
$(0.2)	million decrease in payroll administration salaries due to reductions in Brazil

Operating Profit. Operating profit decreased 53.3% to $0.3 million for the three months ended October 31, 2012, from $0.6 million for the three months ended October 31, 2011. Operating margins were 1.1% for the three months ended October 31, 2012, compared to 2.3% for the three months ended October 31, 2011, due to lower gross profit and higher operating expenses as described above.

Interest Expenses. Interest expenses increased $0.1 million to $0.3 million for the three months ended October 31, 2012, from $0.2 million for the three months ended October 31, 2011, due to higher borrowing levels outstanding and higher interest rates in the current year.

Income Tax Expense. Income tax expenses consist of federal, state and foreign income taxes. There was an income tax benefit of $0.3 million for the three months ended October 31, 2012, as compared to an income tax benefit of $0.1 million for the three months ended October 31, 2011. Our effective tax rates were not meaningful for either the third quarter FY13 or the third quarter FY12. Our effective tax rate for both periods varied from the 34% federal statutory rate primarily due to goodwill amortization in Brazil and tax loss benefits in the USA at higher rates than China profits were taxed, certain losses in China which are carried forward and the arbitration settlement.

Net Income (Loss). Net income increased by $0.9 million to $0.3 million for the three months ended October 31, 2012, from ($0.6) million for the three months ended October 31, 2011, reflecting the large foreign exchange charge in Brazil in the prior quarter, the charge for discontinued operations in the prior quarter and the larger income tax credit this quarter.

For the quarter ended October 31, 2011, there was a net $722,270 charge for loss from discontinued operations in relation to the discontinued India glove manufacturing facility; there was no such charge in the more recent quarter.

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Nine months ended October 31, 2012, As Compared to the Nine Months Ended October 31, 2011

Net Sales. Net sales from continuing operations decreased $4.5 million, or 5.8%, to $71.7 million for the nine months ended October 31, 2012, from $76.2 million for the nine months ended October 31, 2011. The net decrease was due to a $12.3 million decrease in domestic sales, offset in part by a $7.8 million increase in foreign sales. USA domestic sales of disposables decreased by $11.9 million, chemical suite sales decreased by $0.5 million, as wovens increased by $0.5 million, and glove sales increased by $0.1 million. The decrease in domestic sales is due primarily to the loss of the DuPont Tyvek sales, to a shortage in stock situation that management believes has been resolved (but may have continuing impact resulting from lost customers), and also to operating inefficiencies resulting from the move from St. Joseph, MO to Decatur, AL and Mexico which resulted in additional lost sales. External sales from China were up $4.5 million from the year ago period. In addition, domestic sales in China and to the Asia Pacific Rim remain strong recording a $1.5 million increase for the nine months ended October 31, 2012. UK sales increased by $2.7 million, or 57.2%, and Chile and Argentina sales increased by 67.4%. Sales in Brazil increased by $1.2 million or 9.4%. The increase in foreign sales is primarily due to introduction of new products and new marketing material targeting specific markets.

Gross Profit. Gross profit from continuing operations decreased $1.8 million, or 7.4%, to $21.7 million for the nine months ended October 31, 2012, from $23.5 million for the nine months ended October 31, 2011. Gross profit as a percentage of net sales decreased to 30.3% for the nine months ended October 31, 2012, from 30.8% for the nine months ended October 31, 2011. Factors driving the changes in gross margins were:

* Disposables gross margins increased 4.7 percentage points over last year, resulting mainly from changed sales mix of nearly all Lakeland branded products this year, while last year had more than 50% sales derived from lower margin DuPont products. This year’s margin was lower than it otherwise would have been mainly as a result of lower volume.

* China manufacturing gross margins at our Weifang plant decreased by approximately 5 percentage points over last year due to a 12% labor cost increase in April 2012 and the negative impact to margins from sales to our UK operations in Euros earlier in the year when the Euro was weaker.

* China margins in our Qingdao plant increased 5.4 percentage points based on continued strong operations and strong internal demand resulting in higher volume.

* Brazil margins decreased by 8.7 percentage points in the nine months in FY13 from the nine months in FY12 primarily due to issues with the Brazilian Navy contract. The Brazilian currency weakened significantly in May, thereby greatly increasing its material the cost of material purchased from a USA supplier. Further, due to the length of time elapsed since the bid was submitted in respect of the Navy contract, there were increases in the material cost, along with a need to change certain components at a higher cost. There were also similar issues with several utility contracts.

* Wovens gross margins decreased by approximately 3.6 percentage points in the nine months ended October 2012 over the prior year as a result of the facility closure in the first quarter of FY13, partially offset by improvements in the third quarter of FY13.

* Chemical gross margins decreased by 8.2 percentage points resulting from a different sales mix, with improvements in the third quarter of FY13 over the second quarter of FY13.

* Gloves gross margins improved by 6.6 percentage points resulting from improved mix.

Operating Expenses. Operating expenses from continuing operations increased $0.8 million, or 3.8%, to $21.3 million for the nine months ended October 31, 2012, from $20.5 million for the nine months ended October 31, 2011. As a percentage of sales, operating expenses increased to 29.7 % for the nine months ended October 31, 2012, from 26.9% for the nine months ended October 31, 2011. The $0.8 million increase in operating expenses in the nine months ended October 31, 2012, as compared to the nine months ended October 31, 2011, was comprised of:

$0.7	million increase in sales salaries resulting from new hires in China and the USA
$0.6	million increase in sales commissions mainly resulting from large bid contracts in Brazil
$0.2	million increase in professional fees primarily due to additional legal matters relating to various banking compliance issues and several payroll terminations

30

$0.1	million increase in employee benefits primarily due to unemployment compensation insurance premiums resulting from reductions in force
$0.1	million increase in entertainment and auto expense due to increased sales staff in the USA
$0.1	million increase in computer expense primarily due to USA hardware upgrades
$0.1	million increase in bad debt due to one account in Chile
$(0.2)	million reduction in equity compensation mainly resulting from differences in the new 2012 plan compared with the previous plan
$(0.2)	million decrease in currency fluctuation due to major weakness in the Euro in the prior year
$(0.3)	million reduction in freight out resulting from lower volume in disposables in the USA.
$(0.4)	million decrease in payroll administrative expense due to reductions in Brazil and the USA

Operating Profit. Operating profit from continuing operations decreased to $0.4 million for the nine months ended October 31, 2012 from $3.0 million for the nine months ended October 31, 2011. Operating margins were 0.6% for the nine months ended October 31, 2012, compared to 3.9% for the nine months ended October 31, 2011.

Arbitration Judgment in Brazil. As a result of the decision of the arbitration matter and the subsequent settlement thereof, the Company recorded a $7.9 million charge, inclusive of expenses, for the nine months ended October 31, 2012.

Interest Expenses. Interest expenses from continuing operations increased by $0.3 million for the nine months ended October 31, 2012, as compared to the nine months ended October 31, 2011, due to higher borrowing levels outstanding.

Income Tax Expense. Income tax expenses from continuing operations consist of federal, state and foreign income taxes. There was an income tax benefit of $0.3 million for the nine months ended October 31, 2012, as compared to an expense of $0.1 million for the nine months ended October 31, 2011. Our effective tax rates were not meaningful for either the first nine months of FY13or the first nine months of FY12. Our effective tax rate for the third quarter of FY13 varied from the 34% federal statutory rate primarily due to goodwill amortization in Brazil and tax benefits from operating losses in the USA at higher rates than China profits were taxed along (resulting in a lower overall net rate) with certain losses in China which are carried forward with no tax benefit recorded.

Net Income (Loss). Loss from continuing operations was $(8.2) million for the nine months ended October 31, 2012 and income from continuing operations was $2.1 million for the nine months ended October 31, 2011. Without the $7.9 million charge in respect of the Brazilian arbitration and settlement, the loss from continuing operations would have been $0.3 million for the more recent period.

For the nine months ended October 31, 2011, there was a net $924,816 charge for loss from discontinued operations in relation to the discontinued India glove manufacturing facility; there was no such charge in the more recent quarter.

Liquidity and Capital Resources

Cash Flows. As of October 31, 2012, we had cash and cash equivalents of $5.6 million and working capital of $44.5 million. Cash and cash equivalents decreased $0.1 million, and working capital decreased $19.8 million from January 31, 2012, mainly resulting from reclassifying all TD Bank debt as current and the arbitration accrual. Our primary sources of funds for conducting our business activities have been cash flow provided by operations and borrowings under our credit facilities described below. We require liquidity and working capital primarily to fund operating losses while we transition to Lakeland branded product sales in the USA and, to a lesser extent, for capital expenditures.

Net cash provided by operating activities of $1.6 million for the nine months ended October 31, 2012 was due primarily to a $2.8 million increase in accounts payable mainly in China as they source directly from local suppliers and in Brazil as part of the Brazilian Navy contract, partially offset by a $3.0 million increase in accounts receivable.

31

On October 17, 2012, the Company entered into an Amendment No. 5 and Waiver (the “Amendment”) to the Loan and Security Agreement, dated January 14, 2010 (as amended from time to time, the “Loan Agreement”), with TD Bank. The Amendment was required as a result of the Company’s entry into a settlement agreement in August 2012 with former officers of its Brazilian subsidiary, as disclosed in Note 14 to the financial statements included herein and the Company’s recent operating results, which collectively caused certain events of default under the Loan Agreement, allowing for TD Bank, at its option, to accelerate the loan. Under the Amendment, TD Bank has agreed to waive the Company’s non-compliance with the consolidated leverage ratio requirements and consolidated EBITDA requirements of the Loan Agreement, in each case, for the fiscal quarters ended April 30, 2012 and July 31, 2012. TD Bank has also agreed, with respect to the October 31, 2012 quarter compliance standards, not to test or has revised these and one other financial covenant. Pursuant to the Amendment, TD Bank has reduced the Company’s revolving line of credit from the aggregate principal amount of $30,000,000 to $17,500,000 and has increased the maximum rate of interest payable on the revolving credit balance from LIBOR plus 2.5% to LIBOR plus 3.5%. In addition, the maturity date of amounts outstanding under the revolving credit facility was changed from June 30, 2014 to June 30, 2013. As a result of the waivers, the Company is currently in compliance with the Loan Agreement.

Pursuant to the Amendment, TD Bank has reduced the Company’s revolving line of credit from the aggregate principal amount of $30,000,000 to $17,500,000 and increased the maximum interest rate payable on the revolving credit balance from LIBOR plus 2.50% to LIBOR plus 3.50%. There is currently approximately $15,400,000 of outstanding borrowings under the Loan Agreement. The maturity date of amounts outstanding under the revolving credit facility was changed from June 30, 2014 to June 30, 2013. The Loan Agreement requires payment of certain access fees for all unused portions of the total borrowing capacity provided to the Company.

We believe that we have available resources, together with additional outside funding through debt or equity financings or asset sales, to enable us to satisfy the payments required under the Settlement Agreement and enable us to meet our currently anticipated operating, capital expenditures and debt service requirements for at least the next 12 months. While we are in discussions with TD Bank and others about obtaining financing beyond June 2013, no assurances can be given that we will be able to work out a satisfactory arrangement with TD Bank or find new lenders. In addition, the Company has engaged Raymond James & Associates, Inc. to assist the Board of Directors in its evaluation of a broad range of financial and strategic alternatives for the Company. There can be no assurance that we will successfully consummate a fund-raising transaction that will enable us to make payments in accordance with the Settlement Agreement or otherwise satisfy our future cash flow needs.

The Company presently has sufficient availability on its revolving credit to fund its payment under the settlement agreement of $1.0 million due December 31, 2012. Furthermore, the Company is building cash reserves in addition to the availability on its revolver to fund this payment.

Capital Expenditures. Our capital expenditures principally relate to purchases of manufacturing equipment, computer equipment and leasehold improvements. Our facilities in China are not encumbered by commercial bank mortgages and, thus, Chinese commercial mortgage loans may be available with respect to these real estate assets if we need additional liquidity. We expect our capital expenditures for the remainder of FY13 to be insignificant.

Foreign Currency Exposure. The Company has foreign currency exposure, principally through its investment in Brazil, sales in China, Canada and the UK and production in Mexico and China. Management has in place a hedging program to offset this risk by purchasing forward contracts to sell the Canadian Dollar, Chilean Peso, Euro and Great Britain Pound. Such contracts are largely timed to expire with the last day of the fiscal quarter, with a new contract purchased on the first day of the following quarter, to match the operating cycle of the Company. Management has decided not to hedge its long position in the Chinese Yuan and previously the Brazilian Real. In May 2012 we began a limited program to hedge the Brazilian Real on very short term forward contracts.

32

Health Care Reform. During March 2010, a comprehensive health care reform legislation was signed into law in the USA under the Patient Protection and Affordable Care Act, as amended  by the Health Care and Education Reconciliation Act of 2010 (the “Acts”).  Included among the major provisions of the law is a change in tax treatment of the federal drug subsidy paid with respect to Medicare-eligible retirees.  This change did not have a significant impact because the Company operates its principal drug plan for Medicare-eligible retirees as secondary to Medicare and manages Medicare Part D reimbursement through a third- party administrator.  The effect of the Acts on the Company’s other long-term employee benefit obligation and cost depends on finalization of related regulatory requirements.  The Company will continue to monitor and assess the effect of the Acts as the regulatory requirements are finalized.

Item 3.                      Quantitative and Qualitative Disclosures About Market Risk

There have been no significant changes in market risk from that disclosed in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012.

Item 4.                      Controls and Procedures

We conducted an evaluation, under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of October 31, 2012. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives. Based on their evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of October 31, 2012.

Changes in Internal Control over Financial Reporting

There have been no changes in Lakeland Industries, Inc.’s internal control over financial reporting that occurred during Lakeland’s third quarter of fiscal 2013 that have materially affected, or are reasonably likely to materially affect, Lakeland Industries, Inc.’s internal control over financial reporting.

PART II. OTHER INFORMATION

Item 6. Exhibits:

10.1	Lakeland Industries, Inc. 2012 Stock Incentive Plan (incorporated by reference to Registrant’s Registration Statement on Forms S-8 filed September 13, 2012).
10.2	Amendment No. 5 and Waiver, dated October 17, 2012, to Loan and Security Agreement with TD Bank, N.A. (incorporated by reference to Registrant’s Current Report on Form 8-K filed October 17, 2012).
10.3	Second amended and restated Revolving Credit Note, dated October 17, 2012 (incorporated by reference to Registrant’s Current Report on Form 8-K filed October 17, 2012).

31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL instance Document*
101.SCH	XBRL Taxonomy Extension Schema Document*

33

101.CAL	XBRL Taxonomy Extension Definitions Document*
101.DEF	XBRL Taxonomy Extension Labels Document*
101.LAB	XBRL Taxonomy Extension Labels Document*
101.PRE	XBRL Taxonomy Extension Presentations Document*

* In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be “furnished” and not “filed”.

34

_________________SIGNATURES_________________

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	LAKELAND INDUSTRIES, INC.
	(Registrant)
Date: December 13, 2012	/s/ Christopher J. Ryan
	Christopher J. Ryan,
	Chief Executive Officer, President and Secretary (Principal Executive Officer and Authorized Signatory)
Date: December 13, 2012	/s/Gary Pokrassa
	Gary Pokrassa,
	Chief Financial Officer (Principal Accounting Officer and Authorized Signatory)

35

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECURIVE OFFICER PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Christopher J. Ryan, certify that:

1. I have reviewed this report on Form 10-Q of Lakeland Industries, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant, and we have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: December 13, 2012

/s/ Christopher J. Ryan

By: Christopher J. Ryan,

Chief Executive Officer,

President and Secretary

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Gary Pokrassa, certify that:

1. I have reviewed this report on Form 10-Q of Lakeland Industries, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant, and we have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: December 13, 2012

/s/ Gary Pokrassa

By: Gary Pokrassa,

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
18 U.S.C. § 1350, AS ADOPTED PURSUANT TO
§ 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing with the Securities and Exchange Commission of the Quarterly Report of Lakeland Industries, Inc. (the “Company”) on Form 10-Q for the period ended October 31, 2012 (the “Report”), I, Christopher J. Ryan, Chief Executive Officer, President, Secretary and General Counsel of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents in all material respects, the financial condition and results of operations of the Company.

December 13, 2012	/s/Christopher J. Ryan
	Christopher J. Ryan
	Chief Executive Officer, President and Secretary

EX-32.2

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
18 U.S.C. § 1350, AS ADOPTED PURSUANT TO
§ 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing with the Securities and Exchange Commission of the Quarterly Report of Lakeland Industries, Inc. (the “Company”) on Form 10-Q for the period ended October 31, 2012 (the “Report”), I, Gary Pokrassa, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents in all material respects, the financial condition and results of operations of the Company.

December 13, 2012	/s/Gary Pokrassa
	Gary Pokrassa,
	Chief Financial Officer

XML

Employee Stock Compensation (Details) (USD $)	9 Months Ended	12 Months Ended
	Oct. 31, 2012	Jan. 31, 2012
Number of Shares, Outstanding at January 31, 2012	18,200
Number of Shares, Granted during the nine months ended October 31, 2012	10,000
Number of Shares, Forfeited during the nine months ended October 31, 2012	4,200
Number of Shares, Outstanding at October 31, 2012	24,000	18,200
Number of Shares, Exercisable at October 31, 2012	24,000
Number of Shares, Directors' Plan	21,300
Weighted Average Exercise Price per Share, Outstanding at January 31, 2012	$ 7.31
Weighted Average Exercise Price per Share, Granted during the nine months ended October 31, 2012	$ 6.44
Weighted Average Exercise Price per Share, Forfeited during the nine months ended October 31, 2012	$ 10.67
Weighted Average Exercise Price per Share, Outstanding at October 31, 2012	$ 7.47	$ 7.31
Weighted Average Exercise Price per Share, Exercisable at October 31, 2012	$ 7.47
Weighted Average Remaining Contractual Term, Outstanding	4 years 2 months 12 days	3 years 4 months 17 days
Weighted Average Remaining Contractual Term, Granted during the nine months ended October 31, 2012	5 years 7 months 28 days
Weighted Average Remaining Contractual Term, Forfeited during the nine months ended October 31, 2012	0 years
Weighted Average Remaining Contractual Term, Exercisable at October 31, 2012	4 years 2 months 12 days
Aggregate Intrinsic Value, Outstanding at January 31, 2012	$ 10,230
Aggregate Intrinsic Value, Granted during the nine months ended October 31, 2012	100
Aggregate Intrinsic Value, Forfeited during the nine months ended October 31, 2012	0
Aggregate Intrinsic Value, Outstanding at October 31, 2012	1,300	10,230
Aggregate Intrinsic Value, Exercisable at October 31, 2012	$ 1,300

XML

Discontinued Operations in India (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Net sales	$ 0	$ 225,307	$ 0	$ 742,055
Cost of goods sold	0	372,691	0	1,056,757
Gross profit	0	(147,384)	0	(314,702)
Operating expense	0	100,312	0	249,630
Operating profit (loss)	0	(247,696)	0	(564,332)
Shutdown expense accrual	0	880,694	0	880,694
Loss from discontinued operations before income taxes	0	(1,128,390)	0	(1,445,026)
Benefit from income taxes from discontinued operations	0	406,120	0	520,210
Net loss from discontinued operations	$ 0	$ (722,270)	$ 0	$ (924,816)

XML

VAT Tax Issue in Brazil (Details 1) In Millions, unless otherwise specified	9 Months Ended
	Oct. 31, 2012 USD ($)	Oct. 31, 2012 BRL	Oct. 31, 2012 Claim 2004-2006 Not Paid Under Amnesty Program [Member] USD ($)	Oct. 31, 2012 Claim 2004-2006 Not Paid Under Amnesty Program [Member] BRL	Oct. 31, 2012 Claim 2007-2009 By State Of Bahia [Member] USD ($)		Oct. 31, 2012 Claim 2007-2009 By State Of Bahia [Member] BRL
Taxes		7.5		1.3			6.2	[1]
Fines and penalties		8.0		1.9			6.1	[1]
Maximum judicial deposit	$ 7.8	15.5	$ 1.6	3.2	$ 6.2	[1]	12.3	[1]

[1] Our attorney informs us that based on the slow progress so far in the administrative proceedings for the 2007-2009 claim, they believe it is now more likely than not that the next amnesty will arrive prior to the need to pay the R$12.3 judicial deposit.

XML

Discontinued Operations in India (Details Textual) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Oct. 31, 2012
Discontinued Operation Income Loss On Pretax Loss On Disposal	$ 1.4
Disposal Group Including Discontinued Operation Fixed Assets Write Downs	0.9
Disposal Group Including Discontinued Operation Inventory Write Downs	0.4
Disposal Group Including Discontinued Operation Professional Fees	0.1
Disposal Group Including Discontinued Operation Shutdown Expenses	$ 0.3

XML

Derivative Instruments and Foreign Currency Exposure (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Foreign Currency Transaction Loss, before Tax		$ (343,803)	$ (840,319)	$ (94,953)
Foreign Currency Transaction Gain, before Tax	61,791
Foreign Currency Transaction Gain Loss Before Tax Price Per Share (in dollars per share)	$ 0.01	$ (0.05)	$ (0.13)	$ (0.01)
Derivative Financial Instruments, Assets [Member]
Other Assets	$ 10,775	$ 87,614	$ 10,775	$ 87,614

XML

Business (Details Textual)	9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Entity Wide Revenue Major Customer Description	No customer accounted for more than 10% of net sales	No customer accounted for more than 10% of net sales

XML

Inventories (Tables)

9 Months Ended

Oct. 31, 2012

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories consist of the following:

	October 31,		January 31,
	2012		2012
Raw materials	$	17,333,438	$	21,213,423
Work-in-process		1,773,586		1,790,510
Finished goods		22,130,271		22,664,422
	$	41,237,295	$	45,668,355

XML

VAT Tax Issue in Brazil (Details Textual) In Millions, unless otherwise specified	1 Months Ended						3 Months Ended				9 Months Ended		3 Months Ended				1 Months Ended				9 Months Ended
	Oct. 31, 2010 USD ($)	Oct. 31, 2010 BRL	May 31, 2010 USD ($)	May 31, 2010 BRL	Oct. 31, 2009 USD ($)	Oct. 31, 2009 BRL	Apr. 30, 2011 USD ($)		Apr. 30, 2011 BRL		Oct. 31, 2012 USD ($)	Oct. 31, 2012 BRL	Apr. 30, 2011 Defended Based On Lapse Of Statute Limitations [Member] USD ($)	Apr. 30, 2011 Defended Based On Lapse Of Statute Limitations [Member] BRL	Apr. 30, 2011 Defended Based On State Auditor Misunderstanding [Member] USD ($)	Apr. 30, 2011 Defended Based On State Auditor Misunderstanding [Member] BRL	May 31, 2010 Original Claim 2004-2006 [Member] USD ($)	May 31, 2010 Original Claim 2004-2006 [Member] BRL	Oct. 31, 2010 Claim 2007-2009 By State Of Bahia [Member] USD ($)	Oct. 31, 2010 Claim 2007-2009 By State Of Bahia [Member] BRL	Oct. 31, 2012 Maximum [Member]	Oct. 31, 2012 Minimum [Member]
Foreign Currency Exchange Rate Translation1											1.82	1.82
Value Added Tax Examination Claims Incurred In Period					$ 3.0	4.8
Value Added Tax Examination Penalties and Interest Expense					3.5	5.6
Value Added Tax Examination Income Tax Total					6.5	10.4
Value Added Tax Claim Paid Amount			1.9	3.5
Value Added Tax Credit Carryforward Amount											1.1	2.1
Other Tax Expense (Benefit)							1.6
Value Added Tax Fines and Penalties Defendable	0.2	0.4											0.6	1.0	0.2	0.3
Total Paid Or To Be Paid Into Government Under Amnesty Program							5.0		9.2								2.2	3.5
Value Added Tax Payable During Period	6.2	12.3																	3.1	6.2
Fines and penalties												8.0							3.0	6.1
Available For Credit	1.7	3.4					2.9	[1]	5.4	[1]
Value Added Tax Judicial deposit											6.2	12.3
Judicial Court Deposit Initial Estimated Time Period																					2 years	1 year 6 months
Value Added Tax Judicial Deposit To Be Paid By Pledging Asset											$ 1.6	3.1
Value Added Tax Loss Of Incentive Description											''''Desenvolve'''' is an incentive remaining from Brazil''s hyperinflationary days about 10 years ago. It is based on the net ICMS (VAT) tax payable. (QT pays ICMS to suppliers on raw materials, bills and collects ICMS from customers, takes credit for ICMS paid to suppliers and remits the difference. The net amount payable is payable 30% immediately and 70% for up to five years. The ''''desenvolve'''' is an incentive to pay the 70% quickly, like a cash discount. If the full amount is paid immediately, there is an 80% discount of the 70% (or 56% of the total).	''''Desenvolve'''' is an incentive remaining from Brazil''s hyperinflationary days about 10 years ago. It is based on the net ICMS (VAT) tax payable. (QT pays ICMS to suppliers on raw materials, bills and collects ICMS from customers, takes credit for ICMS paid to suppliers and remits the difference. The net amount payable is payable 30% immediately and 70% for up to five years. The ''''desenvolve'''' is an incentive to pay the 70% quickly, like a cash discount. If the full amount is paid immediately, there is an 80% discount of the 70% (or 56% of the total).

[1] The amount allowed as credit against future payments represents the VAT taxes actually previously paid to the neighboring state.

XML

Manufacturing Segment Data (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Domestic Sales, Value	$ 9,800,000	$ 12,700,000	$ 28,700,000	$ 41,000,000
International Sales, Value	14,400,000	12,000,000	43,000,000	35,200,000
Total Sales, Value	$ 24,238,573	$ 24,744,033	$ 71,718,608	$ 76,162,356
Domestic Sales, Percentage	41.00%	51.00%	40.00%	53.00%
International Sales, Percentage	59.00%	49.00%	60.00%	47.00%
Total Sales, Percentage	100.00%	100.00%	100.00%	100.00%

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Revolving Credit Facility (Details Textual) (USD $)	1 Months Ended	9 Months Ended		1 Months Ended		1 Months Ended
	Jan. 31, 2011	Oct. 31, 2012	Oct. 31, 2012 Revolving Credit Facility [Member]	Apr. 30, 2012 T D Bank [Member]	Jan. 31, 2010 T D Bank [Member]	Oct. 31, 2012 T D Bank Original Loan Agreement [Member]	Oct. 31, 2012 T D Bank Amended Loan Agreement [Member]
Line of Credit Facility, Amount Outstanding			$ 9,600,000		$ 23,500,000		$ 15,400,000
Line of Credit Facility, Increase, Additional Borrowings	6,500,000	9,500,000		3,000,000
Line Of Credit Facility Expiration Date1						Jun. 30, 2014	Jun. 30, 2013
Line of Credit Facility, Initiation Date							Oct. 17, 2012
Line of Credit Facility, Maximum Borrowing Capacity						$ 30,000,000	$ 17,500,000
Line of Credit Facility, Interest Rate Description						LIBOR plus 2.50%	LIBOR plus 3.50%.

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Goodwill (Details) (USD $)	9 Months Ended
	Oct. 31, 2012
Balance as of January 31, 2012	$ 6,132,954
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation	(603,791)
Balance as of October 31, 2012	5,529,163
USA [Member]
Balance as of January 31, 2012	871,297
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation	0
Balance as of October 31, 2012	871,297
Brazil [Member]
Balance as of January 31, 2012	5,261,657
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation	(603,791)
Balance as of October 31, 2012	$ 4,657,866

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VAT Tax Issue in Brazil (Details) In Millions, unless otherwise specified	1 Months Ended		3 Months Ended
	Oct. 31, 2010 USD ($)	Oct. 31, 2010 BRL	Apr. 30, 2011 USD ($)		Apr. 30, 2011 BRL		Apr. 30, 2011 Original Claim 2004-2006 [Member] USD ($)		Apr. 30, 2011 Original Claim 2004-2006 [Member] BRL		Apr. 30, 2011 Preacquisition 2007-April 2008 [Member] USD ($)		Apr. 30, 2011 Preacquisition 2007-April 2008 [Member] BRL		Apr. 30, 2011 Postacquisition May 2008-April 2009 [Member] USD ($)		Apr. 30, 2011 Postacquisition May 2008-April 2009 [Member] BRL		Apr. 30, 2011 Escrow Released [Member] USD ($)		Apr. 30, 2011 Escrow Released [Member] BRL		Apr. 30, 2011 Charged To Expense [Member] USD ($)		Apr. 30, 2011 Charged To Expense [Member] BRL
Total Paid Or To Be Paid Into Government Under Amnesty Program			$ 5.0		9.2		$ 1.9		3.5		$ 1.3		2.4		$ 1.8		3.3		$ 0.5		1.0		$ 0		0
Total Not Available For Credit			2.1	[1]	3.8	[1]	0.8	[1]	1.4	[1]	0.5	[1]	1.0	[1]	0.8	[1]	1.4	[1]	0.5	[1]	1.0	[1]	1.6	[1]	2.8	[1]
Available For Credit	$ 1.7	3.4	$ 2.9	[2]	5.4	[2]	$ 1.1	[2]	2.1	[2]	$ 0.8	[2]	1.4	[2]	$ 1.0	[2]	1.9	[2]	$ 0	[2]	0	[2]	$ 0	[2]	0	[2]

[1] Essentially represents the discount originally offered as incentive by the neighboring state.

[2] The amount allowed as credit against future payments represents the VAT taxes actually previously paid to the neighboring state.

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Basis of Presentation

9 Months Ended

Oct. 31, 2012

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

2. Basis of Presentation

The condensed consolidated financial statements included herein have been prepared by us, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments (consisting of only normal and recurring adjustments) which are, in the opinion of management, necessary to present fairly the consolidated financial information required therein. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. While we believe that the disclosures are adequate to make the information presented not misleading, it is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended January 31, 2012.

The results of operations for the three and nine-month periods ended October 31, 2012 are not necessarily indicative of the results to be expected for the full year.

In this Form 10-Q, “FY” means fiscal year; thus, for example, FY13 refers to the fiscal year ending January 31, 2013.

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Manufacturing Segment Data (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011	Jan. 31, 2012
Net Sales from Continuing Operations:
Net sales from continuing operations	$ 24,238,573	$ 24,744,033	$ 71,718,608	$ 76,162,356
External Sales from Continuing Operations:
Revenue from External Customers	24,240,000	24,740,000	71,720,000	76,160,000
Intersegment Sales from Continuing Operations:
Segment Reporting Information, Intersegment Revenue	6,970,000	4,650,000	19,730,000	16,600,000
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	267,398	572,681	444,309	2,974,242
Depreciation and Amortization Expense from Continuing Operations:
Depreciation and amortization	380,000	380,000	1,128,784	1,207,135
Interest Expense from Continuing Operations:
Interest expense	270,273	161,914	766,119	425,471
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	(295,340)	(90,998)	(669,024)	411,650
Total Assets (at Balance Sheet Date):
Total assets	100,981,042	105,390,000	100,981,042	105,390,000	102,404,854
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	14,140,000	13,590,000	14,140,000	13,590,000
USA [Member]
Net Sales from Continuing Operations:
Net sales from continuing operations	10,720,000	13,610,000	31,300,000	44,360,000
External Sales from Continuing Operations:
Revenue from External Customers	9,830,000	12,740,000	28,690,000	41,000,000
Intersegment Sales from Continuing Operations:
Segment Reporting Information, Intersegment Revenue	890,000	870,000	2,610,000	3,360,000
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	(850,000)	(610,000)	3,110,000	(460,000)
Depreciation and Amortization Expense from Continuing Operations:
Depreciation and amortization	150,000	160,000	440,000	510,000
Interest Expense from Continuing Operations:
Interest expense	170,000	110,000	410,000	270,000
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	(320,000)	(270,000)	(1,060,000)	(290,000)
Total Assets (at Balance Sheet Date):
Total assets	29,640,000	37,430,000	29,640,000	37,430,000
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	5,020,000	5,330,000	5,020,000	5,330,000
Other Countries [Member]
Net Sales from Continuing Operations:
Net sales from continuing operations	6,670,000	4,370,000	18,180,000	14,090,000
External Sales from Continuing Operations:
Revenue from External Customers	5,920,000	3,900,000	16,410,000	12,540,000
Intersegment Sales from Continuing Operations:
Segment Reporting Information, Intersegment Revenue	750,000	470,000	1,770,000	1,550,000
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	430,000	90,000	870,000	490,000
Depreciation and Amortization Expense from Continuing Operations:
Depreciation and amortization	50,000	40,000	160,000	110,000
Interest Expense from Continuing Operations:
Interest expense	50,000	60,000	150,000	180,000
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	20,000	450,000	140,000	700,000
Total Assets (at Balance Sheet Date):
Total assets	17,690,000	14,750,000	17,690,000	14,750,000
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	1,700,000	30,000	1,700,000	30,000
China [Member]
Net Sales from Continuing Operations:
Net sales from continuing operations	9,530,000	6,540,000	27,800,000	21,350,000
External Sales from Continuing Operations:
Revenue from External Customers	4,200,000	3,230,000	12,450,000	9,660,000
Intersegment Sales from Continuing Operations:
Segment Reporting Information, Intersegment Revenue	5,330,000	3,310,000	15,350,000	11,690,000
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	1,010,000	460,000	2,160,000	1,940,000
Depreciation and Amortization Expense from Continuing Operations:
Depreciation and amortization	90,000	80,000	260,000	240,000
Interest Expense from Continuing Operations:
Interest expense	0	0	0	0
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	30,000	180,000	400,000	560,000
Total Assets (at Balance Sheet Date):
Total assets	26,490,000	22,320,000	26,490,000	22,320,000
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	3,020,000	2,490,000	3,020,000	2,490,000
Brazil [Member]
Net Sales from Continuing Operations:
Net sales from continuing operations	4,290,000	4,870,000	14,170,000	12,960,000
External Sales from Continuing Operations:
Revenue from External Customers	4,290,000	4,870,000	14,170,000	12,960,000
Intersegment Sales from Continuing Operations:
Segment Reporting Information, Intersegment Revenue	0	0	0	0
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	(370,000)	460,000	(250,000)	270,000
Depreciation and Amortization Expense from Continuing Operations:
Depreciation and amortization	90,000	100,000	270,000	350,000
Interest Expense from Continuing Operations:
Interest expense	240,000	80,000	760,000	180,000
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	(140,000)	(60,000)	(430,000)	(200,000)
Total Assets (at Balance Sheet Date):
Total assets	24,490,000	27,160,000	24,490,000	27,160,000
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	2,880,000	2,490,000	2,880,000	2,490,000
India [Member]
Total Assets (at Balance Sheet Date):
Total assets	2,670,000	3,730,000	2,670,000	3,730,000
Long-lived Assets (at Balance Sheet Date)
Long-Lived Assets	1,520,000	3,250,000	1,520,000	3,250,000
Geographical Intersegment, Eliminations [Member]
Net Sales from Continuing Operations:
Net sales from continuing operations	(6,970,000)	(4,650,000)	(19,730,000)	(16,600,000)
Operating Profit (Loss) from Continuing Operations:
Operating profit from continuing operations	50,000	170,000	770,000	730,000
Interest Expense from Continuing Operations:
Interest expense	(190,000)	(90,000)	(550,000)	(210,000)
Income Tax Expense (Benefits) from Continuing Operations:
Provision (benefit) for income taxes	$ 110,000	$ (390,000)	$ 280,000	$ (360,000)

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Derivative Instruments and Foreign Currency Exposure (Tables)

9 Months Ended

Oct. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Our hedge positions are summarized below:

Derivatives not designated as hedging instruments (in thousands)

Foreign Exchange Forward Contracts

	Three Months Ended				Nine Months Ended
	October 31, 2012		October 31, 2011		October 31, 2012		October 31, 2011
Notional Value in USD	$	11,175	$	3,444	$	36,501	$	9,950
Gain and loss reported in current operating income (expense)	$	205	$	41	$	261	$	(130	)

Derivatives designated as hedging instruments (in thousands)

Asset Derivative from Foreign Currency Cash Flow Hedge

	As of October 31, 2012		As of January 31, 2012
Notional value in USD	$	6,777	$	6,904
Gain and (loss) reported in equity as other comprehensive income	$	11	$	123
Reported in Balance Sheet		Other payables		Other assets

Effect of Derivative on Income Statement from Foreign Currency Cash Flow Hedge

	Nine Months Ended October 31, 2012		Nine Months Ended October 31, 2011
Gain reclassed from other comprehensive income into current earnings during nine months ended October 31, 2012 reported in operating income	$	33	$	30

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Manufacturing Segment Data (Tables)

9 Months Ended

Oct. 31, 2012

Segment Reporting [Abstract]

Schedule Of Revenue From External Customers Geographic Areas [Table Text Block]

Domestic and international sales from continuing operations are as follows:

	Three Months Ended October 31, (in millions of dollars)								Nine Months Ended October 31, (in millions of dollars)
	2012				2011				2012				2011
Domestic	$	9.8	41	%	$	12.7	51	%	$	28.7	40	%	$	41.0	53	%
International		14.4	59	%		12.0	49	%		43.0	60	%		35.2	47	%
Total	$	24.2	100	%	$	24.7	100	%	$	71.7	100	%	$	76.2	100	%

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

The table below represents information about reported manufacturing segments for the three-month and nine-month periods noted therein:

	Three Months Ended October 31, (in millions of dollars)						Nine Months Ended October 31, (in millions of dollars)
	2012			2011			2012			2011
Net Sales from Continuing Operations:
USA	$	10.72		$	13.61		$	31.30		$	44.36
Other foreign		6.67			4.37			18.18			14.09
China		9.53			6.54			27.80			21.35
Brazil		4.29			4.87			14.17			12.96
Less intersegment		(6.97	)		(4.65	)		(19.73	)		(16.60	)
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
External Sales from Continuing Operations:
USA	$	9.83		$	12.74		$	28.69		$	41.00
Other foreign		5.92			3.90			16.41			12.54
China		4.20			3.23			12.45			9.66
Brazil		4.29			4.87			14.17			12.96
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
Intersegment Sales from Continuing Operations:
USA	$	0.89		$	0.87		$	2.61		$	3.36
Other foreign		0.75			0.47			1.77			1.55
China		5.33			3.31			15.35			11.69
Brazil		0.00			0.00			0.00			0.00
Consolidated	$	6.97		$	4.65		$	19.73		$	16.60
Operating Profit (Loss) from Continuing Operations:
USA	$	(0.85	)	$	(0.61	)	$	(3.11	)	$	(0.46	)
Other foreign		0.43			0.09			0.87			0.49
China		1.01			0.46			2.16			1.94
Brazil		(0.37	)		0.46			(0.25	)		0.27
Less intersegment		0.05			0.17			0.77			0.73
Consolidated	$	0.27		$	0.57		$	0.44		$	2.97
Depreciation and Amortization Expense  from Continuing Operations:
USA	$	0.15		$	0.16		$	0.44		$	0.51
Other foreign		0.05			0.04			0.16			0.11
China		0.09			0.08			0.26			0.24
Brazil		0.09			0.10			0.27			0.35
Consolidated	$	0.38		$	0.38		$	1.13		$	1.21
Interest Expense from Continuing Operations:
USA	$	0.17		$	0.11		$	0.41		$	0.27
Other foreign		0.05			0.06			0.15			0.18
China		0.00			0.00			0.00			0.00
Brazil		0.24			0.08			0.76			0.18
Less intersegment		(0.19	)		(0.09	)		(0.55	)		(0.21	)
Consolidated	$	0.27		$	0.16		$	0.77		$	0.42
Income Tax Expense (Benefit) from Continuing Operations:
USA	$	(0.32	)	$	(0.27	)	$	(1.06	)	$	(0.29	)
Other foreign		0.02			0.45			0.14			0.70
China		0.03			0.18			0.40			0.56
Brazil		(0.14	)		(0.06	)		(0.43	)		(0.20	)
Less intersegment		0.11			(0.39	)		0.28			(0.36	)
Consolidated	$	(0.30	)	$	(0.09	)	$	(0.67	)	$	0.41
Total Assets (at Balance Sheet Date):
USA							$	29.64		$	37.43
Other foreign								17.69			14.75
China								26.49			22.32
India assets of discontinued operations								2.67			3.73
Brazil								24.49			27.16
Consolidated							$	100.98		$	105.39
Long-lived Assets (at Balance Sheet Date)
USA							$	5.02		$	5.33
Other foreign								1.70			0.03
China								3.02			2.49
Brazil								2.88			2.49
India								1.52			3.25
Consolidated							$	14.14		$	13.59

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Income Tax Audit/Change in Accounting Estimate (Details Textual)	9 Months Ended
	Oct. 31, 2012 USD ($)	Oct. 31, 2012 BRL
Liability for Uncertain Tax Positions, Noncurrent	$ 0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	1,100,000	2,300,000
Deferred Tax Liabilities, Goodwill and Intangible Assets, Goodwill	$ 870,000

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VAT Tax Issue in Brazil (Tables)

9 Months Ended

Oct. 31, 2012

Vat Tax Issues Disclosure [Abstract]

Schedule Of Value Added Tax [Table Text Block]

The foregoing forms the basis for the US$1.6 million charge to expense recorded by Lakeland in the first quarter of fiscal 2011.

	BRL (millions)						USD (millions)
Foreign exchange rate							1.82		1.82		1.82
	Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit1		Available For Credit2		Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit¹		Available For Credit2
Original claim 2004-2006		3.5		1.4		2.1		1.9		0.8		1.1
Second claim
Preacquisition 2007-April 2008		2.4		1.0		1.4		1.3		0.5		0.8
Postacquisition May 2008-April 2009		3.3		1.4		1.9		1.8		0.8		1.0
Totals		9.2		3.8		5.4		5.0		2.1		2.9
Escrow released from one seller		1.0		1.0		-		0.5		0.5		-
Charged to expense at April 30, 2010		-		2.8		-		-		1.6		-

¹ Essentially represents the discount originally offered as incentive by the neighboring state.

² The amount allowed as credit against future payments represents the VAT taxes actually previously paid to the neighboring state.

Schedule Of Components Of Value Added Tax [Table Text Block]

Summary of Cash Flow Requirements: (R$ millions and US$ millions)

Claim period/description	Taxes		Fines and penalties		Maximum judicial deposit
2004-2006 not paid into amnesty and being defended. Management does not plan to pay this into amnesty	R$	1.3	R$	1.9	R$	3.2	US$	1.6
2007-2009 claim by State of Bahia (1)	R$	6.2	R$	6.1	R$	12.3	US$	6.2
TOTAL	R$	7.5	R$	8.0	R$	15.5	US$	7.8

⁽¹⁾  Our attorney informs us that based on the slow progress so far in the administrative proceedings for the 2007-2009 claim, they believe it is now more likely than not that the next amnesty will arrive prior to the need to pay the R$12.3 judicial deposit.

Schedule Of Unused Value Added Tax Credit [Table Text Block]

The Company has reflected the above items on its October 31, 2012, balance sheet as follows:

		(R$ millions)		US$ millions
Noncurrent assets	VAT taxes eligible for future credit		4.0		1.9
Long-term liabilities	Taxes payable		6.2		3.2

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Goodwill (Tables)

9 Months Ended

Oct. 31, 2012

Disclosure Text Block Supplement [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill during fiscal year 2012 are summarized in the following:

	USA		Brazil			Total
Balance as of January 31, 2012	$	871,297	$	5,261,657		$	6,132,954
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation		-		(603,791	)		(603,791	)
Balance as of October 31, 2012	$	871,297	$	4,657,866		$	5,529,163

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Business

9 Months Ended

Oct. 31, 2012

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Nature of Operations [Text Block]

1. Business

Lakeland Industries, Inc. and Subsidiaries (the "Company"), a Delaware corporation organized in April 1982, manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing and homeland security markets. The principal market for our products is in the United States. No customer accounted for more than 10% of net sales during the nine-month periods ended October 31, 2012 and 2011.

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Discontinued Operations in India (Tables)

9 Months Ended

Oct. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Disposal Groups, Including Discontinued Operations, Balance Sheet [Table Text Block]

The assets and liabilities of the discontinued operations are presented separately under the captions “Assets of discontinued operations in India” and “Liabilities of discontinued operations in India,” respectively, in the accompanying Balance Sheets at October 31, 2012 and January 31, 2012, and consist of the following:

	October 31, 2012		January 31, 2012
Cash	$	219,949	$	230,502
Accounts receivable		16,494		6,772
Inventory		220,603		200,000
Other current asset		11,246		27,262
Property and equipment		1,521,771		1,534,034
Total assets of discontinued operations		1,990,063		1,998,570
Liabilities of discontinued operations:
Accounts payable		14,668		5,715
Other liabilities		4,983		59,065
Total liabilities of discontinued operations		19,651		64,780
Net assets of discontinued operations	$	1,970,412	$	1,933,790

Schedule Of Disposal Groups, Including Discontinued Operations, Income Statement [Table Text Block]

The following table illustrates the reporting of the discontinued operations reclassified on the face of the Statements of Operations for the nine months ended October 31, 2012 and 2011:

	Three Months Ended October 31,					Nine Months Ended October 31,
	2012		2011			2012		2011
Net sales		—	$	225,307			—	$	742,055
Cost of goods sold		—		372,691			—		1,056,757
Gross profit		—		(147,384	)		—		(314,702	)
Operating expense		—		100,312			—		249,630
Operating profit (loss)		—		(247,696	)		—		(564,332	)
Shutdown expense accrual		—		880,694			—		880,694
Loss from discontinued operations before income taxes		—		(1,128,390	)		—		(1,445,026	)
Benefit from income taxes from discontinued operations		—		406,120			—		520,210
Net loss from discontinued operations		—		(722,270	)		—		(924,816)

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Employee Stock Compensation (Details 1) (USD $)	9 Months Ended
	Oct. 31, 2012
Shares Under 2009 Plan [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	227,593
Granted during FY13 through October 31 2012, restricted stock	4,405
Becoming Vested during FY13 through October 31 2012, restricted stock	127,545
Forfeited during FY13 through October 31 2012, restricted stock	68,175
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	36,278
Outstanding unvested grants at maximum at beginning of FY13, Weighted average grant date fair value (in dollars per share)	$ 8.04
Granted during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per share)	$ 8.82
Becoming Vested during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per shares)	$ 8.03
Forfeited during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per share)	$ 8
Outstanding unvested grants at maximum at October 31, 2013, Weighted average grant date fair value (in dollars per share)	$ 8.27
Shares Under 2009 Plan [Member] | Restricted Stock Grants - Employees [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	129,536
Granted during FY13 through October 31 2012, restricted stock	0
Becoming Vested during FY13 through October 31 2012, restricted stock	79,313
Forfeited during FY13 through October 31 2012, restricted stock	50,223
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	0
Shares Under 2009 Plan [Member] | Restricted Stock Grants - Directors [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	63,184
Granted during FY13 through October 31 2012, restricted stock	0
Becoming Vested during FY13 through October 31 2012, restricted stock	45,232
Forfeited during FY13 through October 31 2012, restricted stock	17,952
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	0
Shares Under 2009 Plan [Member] | Matching Award Program [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	3,500
Granted during FY13 through October 31 2012, restricted stock	0
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	3,500
Shares Under 2009 Plan [Member] | Bonus In Stock - Employees [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	25,801
Granted during FY13 through October 31 2012, restricted stock	3,289
Becoming Vested during FY13 through October 31 2012, restricted stock	3,000
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	26,090
Shares Under 2009 Plan [Member] | Retainer In Stock - Directors [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	5,572
Granted during FY13 through October 31 2012, restricted stock	1,116
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	6,688
Shares Under 2012 Plan [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	222,621
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	222,621
Outstanding unvested grants at maximum at beginning of FY13, Weighted average grant date fair value (in dollars per share)	$ 0
Granted during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per share)	$ 6.43
Becoming Vested during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per shares)	$ 0
Forfeited during FY13 through October 31 2012, Weighted average grant date fair value (in dollars per share)	$ 0
Outstanding unvested grants at maximum at October 31, 2013, Weighted average grant date fair value (in dollars per share)	$ 6.43
Shares Under 2012 Plan [Member] | Restricted Stock Grants - Employees [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	164,500
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	164,500
Shares Under 2012 Plan [Member] | Restricted Stock Grants - Directors [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	49,500
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	49,500
Shares Under 2012 Plan [Member] | Matching Award Program [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	0
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	0
Shares Under 2012 Plan [Member] | Bonus In Stock - Employees [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	4,331
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	4,331
Shares Under 2012 Plan [Member] | Retainer In Stock - Directors [Member]
Outstanding unvested grants at maximum at beginning of FY13, restricted stock	0
Granted during FY13 through October 31 2012, restricted stock	4,290
Becoming Vested during FY13 through October 31 2012, restricted stock	0
Forfeited during FY13 through October 31 2012, restricted stock	0
Outstanding unvested grants at maximum at October 31, 2013, restricted stock	4,290

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Discontinued Operations in India (Details) (USD $)	Oct. 31, 2012	Jan. 31, 2012
Cash	$ 219,949	$ 230,502
Accounts receivable	16,494	6,772
Inventory	220,603	200,000
Other current asset	11,246	27,262
Property and equipment	1,521,771	1,534,034
Total assets of discontinued operations	1,990,063	1,998,570
Liabilities of discontinued operations:
Accounts payable	14,668	5,715
Other liabilities	4,983	59,065
Total liabilities of discontinued operations	19,651	64,780
Net assets of discontinued operations	$ 1,970,412	$ 1,933,790

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Net sales from continuing operations	$ 24,238,573	$ 24,744,033	$ 71,718,608	$ 76,162,356
Cost of goods sold from continuing operations	16,951,519	17,330,988	49,988,970	52,688,619
Gross profit from continuing operations	7,287,054	7,413,045	21,729,638	23,473,737
Operating expenses from continuing operations	7,019,656	6,840,364	21,285,329	20,499,495
Operating profit from continuing operations	267,398	572,681	444,309	2,974,242
Foreign Exchange charge gain (loss) Brazil	(61,791)	(343,803)	(840,319)	(94,953)
Arbitration judgment in Brazil	0	0	(7,873,847)	0
Other income (loss), net	51,972	(12,328)	171,961	53,302
Interest expense	(270,273)	(161,914)	(766,119)	(425,471)
Income (loss) from continuing operations before income taxes	(12,694)	54,636	(8,864,015)	2,507,120
Provision (benefit) for income taxes	(295,340)	(90,998)	(669,024)	411,650
Income (loss) from continuing operations	282,646	145,634	(8,194,991)	2,095,470
Discontinued operations:
Loss from operations of discontinued India glove manufacturing facility	0	(1,128,390)	0	(1,445,026)
Benefit for income taxes	0	(406,120)	0	(520,210)
Loss on discontinued operations	0	(722,270)	0	(924,816)
Net Income (loss)	$ 282,646	$ (576,636)	$ (8,194,991)	$ 1,170,654
Earnings (loss) per share - Basic
Income (loss) from continuing operations (in dollars per share)	$ 0.05	$ 0.03	$ (1.55)	$ 0.40
Discontinued operations (in dollars per share)	$ 0	$ (0.14)	$ 0	$ (0.18)
Net income (loss) (in dollars per share)	$ 0.05	$ (0.11)	$ (1.55)	$ 0.22
Earnings (loss) per share - Diluted
Income (loss) from continuing operations (in dollars per share)	$ 0.05	$ 0.03	$ (1.55)	$ 0.39
Discontinued operations (in dollars per share)	$ 0	$ (0.14)	$ 0	$ (0.17)
Net Income (loss) (in dollars per share)	$ 0.05	$ (0.11)	$ (1.55)	$ 0.22
Weighted average common shares outstanding:
Basic (in shares)	5,330,286	5,225,020	5,276,288	5,224,371
Diluted (in shares)	5,367,243	5,356,835	5,276,288	5,348,172

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Derivative Instruments and Foreign Currency Exposure (Details ) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011	Jan. 31, 2012
Derivatives not designated as hedging instruments, Foreign Exchange Forward Contracts
Notional Value in USD	$ 11,175	$ 3,444	$ 36,501	$ 9,950
Gain and loss reported in current operating income (expense)	205	41	261	(130)
Derivatives designated as hedging instruments, Asset Derivative from Foreign Currency Cash Flow Hedge
Notional Value in USD	6,777		6,777		6,904
Gain and (loss) reported in equity as other comprehensive income	11		11		123
Effect of Derivative on Income Statement from Foreign Currency Cash Flow Hedge
Gain reclassed from other comprehensive income into current earnings during nine months ended October 31, 2012 reported in operating income			$ 33	$ 30

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Jan. 31, 2012	$ 55,819	$ (3,352,291)	$ 50,772,594	$ 25,816,224	$ (25,489)	$ 73,266,857
Balance (in shares) at Jan. 31, 2012	5,581,919	(356,441)
Net loss	0	0	0	(8,194,991)	0	(8,194,991)
Other comprehensive loss	0	0	0	0	(3,198,502)	(3,198,502)
Stock-based compensation:
Grant of director stock options	0	0	24,630	0	0	24,630
Restricted stock issued at par	1,067	0	(1,067)	0	0	0
Restricted stock issued at par (in shares)	106,681	0
Return of shares in lieu of payroll tax withholding	0	0	(131,223)	0	0	(131,223)
Restricted Stock Plan:
2009 Plan	0	0	124,342	0	0	124,342
2012 Plan	0	0	204,663	0	0	204,663
Balance at Oct. 31, 2012	$ 56,886	$ (3,352,291)	$ 50,993,939	$ 17,621,233	$ (3,223,991)	$ 62,095,776
Balance (in shares) at Oct. 31, 2012	5,688,600	(356,441)

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Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Numerator
Net income (loss) from continuing operations (in dollars)	$ 282,646	$ 145,634	$ (8,194,991)	$ 2,095,470
Denominator
Denominator for basic earnings per share(Weighted-average shares which reflect 356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively	5,330,286	5,225,020	5,276,288	5,224,371
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options	36,957	131,815	0	123,801
Denominator for diluted earnings per share (adjusted weighted average shares)	5,367,243	5,356,835	5,276,288	5,348,172
Basic earnings (loss) per share (in dollars per share)	$ 0.05	$ 0.03	$ (1.55)	$ 0.40
Diluted earnings (loss) per share (in dollars per share)	$ 0.05	$ 0.03	$ (1.55)	$ 0.39

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Goodwill

9 Months Ended

Oct. 31, 2012

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

15. Goodwill

The changes in the carrying amount of goodwill during fiscal year 2012 are summarized in the following:

	USA		Brazil			Total
Balance as of January 31, 2012	$	871,297	$	5,261,657		$	6,132,954
During fiscal year 2013 through October 31, 2012
Effect of foreign currency translation		-		(603,791	)		(603,791	)
Balance as of October 31, 2012	$	871,297	$	4,657,866		$	5,529,163

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Earnings Per Share (Details Textual)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Weighted Average Number of Shares, Treasury Stock	356,441	356,441	356,441	356,441

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Discontinued Operations in India

9 Months Ended

Oct. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

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

17. Discontinued Operations in India

The Company decided to discontinue operations in its India glove manufacturing facility and put the assets and business up for sale. The Company decided to sell this division primarily because it has incurred significant operating losses since inception, and the Company has been unsuccessful in developing sufficient sales to reach at least break even. The Company was attempting to sell the operations as an ongoing operation but shut down its operations in December 2011.

Prior year financial statements for the three and nine months ended October 31, 2011 have been restated to present the operations of the India glove manufacturing subsidiary as a discontinued operation.

In conjunction with the discontinuance of operations in FY12, the Company recognized a pretax loss on disposal of $1.4 million, primarily consisting of $0.9 million in fixed asset write-downs, $0.4 million in inventory write-downs and $0.1 million in professional fees relating to the sale and $0.3 million in shutdown expenses. The assets and liabilities of the discontinued operations are presented separately under the captions “Assets of discontinued operations in India” and “Liabilities of discontinued operations in India,” respectively, in the accompanying Balance Sheets at October 31, 2012 and January 31, 2012, and consist of the following:

	October 31, 2012		January 31, 2012
Cash	$	219,949	$	230,502
Accounts receivable		16,494		6,772
Inventory		220,603		200,000
Other current asset		11,246		27,262
Property and equipment		1,521,771		1,534,034
Total assets of discontinued operations		1,990,063		1,998,570
Liabilities of discontinued operations:
Accounts payable		14,668		5,715
Other liabilities		4,983		59,065
Total liabilities of discontinued operations		19,651		64,780
Net assets of discontinued operations	$	1,970,412	$	1,933,790

The following table illustrates the reporting of the discontinued operations reclassified on the face of the Statements of Operations for the nine months ended October 31, 2012 and 2011:

	Three Months Ended October 31,					Nine Months Ended October 31,
	2012		2011			2012		2011
Net sales		—	$	225,307			—	$	742,055
Cost of goods sold		—		372,691			—		1,056,757
Gross profit		—		(147,384	)		—		(314,702	)
Operating expense		—		100,312			—		249,630
Operating profit (loss)		—		(247,696	)		—		(564,332	)
Shutdown expense accrual		—		880,694			—		880,694
Loss from discontinued operations before income taxes		—		(1,128,390	)		—		(1,445,026	)
Benefit from income taxes from discontinued operations		—		406,120			—		520,210
Net loss from discontinued operations		—		(722,270	)		—		(924,816	)

The above amounts presented for the previous fiscal year have been reclassified to conform to the current presentation.

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ (8,194,991)	$ 1,170,654
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Arbitration award in Brazil	7,873,847	0
Provision for inventory obsolescence	300,000	(37,000)
Provision for doubtful accounts	(30,000)	0
Deferred income taxes	(1,209,562)	28,786
Depreciation and amortization	1,128,784	1,207,135
Stock based and restricted stock compensation	353,635	499,493
(Increase) decrease in operating assets:
Accounts receivable	(3,416,523)	(1,030,161)
Inventories	2,591,044	(2,158,394)
Prepaid income taxes and other current assets	(760,075)	(1,095,559)
Other assets	(370,858)	1,692,670
Assets of discontinued operations	8,507	688,760
Increase (decrease) in operating liabilities:
Accounts payable	3,482,073	(1,114,219)
Accrued expenses and other liabilities	408,254	(1,431,087)
Liabilities of discontinued operations	(45,129)	332,267
Arbitration settlement payments	(503,539)	0
Net cash provided by (used in) operating activities	1,615,467	(1,246,655)
Cash flows from investing activities:
Purchases of property and equipment	(1,291,197)	(3,734,007)
Net cash used in investing activities	(1,291,197)	(3,734,007)
Cash flows from financing activities:
Net borrowings (repayments) under credit agreement, net of reclassification to term loans	(1,898,925)	1,219,934
Proceeds from term loans net of repayments	2,280,000	3,725,000
Canada loan repayments	(175,150)	(73,420)
Brazil borrowings (repayments)	(542,489)	587,337
Purchases of stock under stock repurchase program	0	(339,371)
Other liabilities	(15,558)	(925)
Shares returned in lieu of taxes under restricted stock program-cash paid	(131,223)	(50,429)
VAT taxes payable	10,040	3,035
Net cash provided by (used in) financing activities	(473,305)	5,071,161
Effect of exchange rate changes on cash	(10,268)	(96,917)
Net decrease in cash and cash equivalents	(159,303)	(6,418)
Cash and cash equivalents at beginning of period	5,711,038	5,953,069
Cash and cash equivalents at end of period	$ 5,551,735	$ 5,946,651

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
Net income (loss)	$ 282,646	$ (576,636)	$ (8,194,991)	$ 1,170,654
Other comprehensive income (loss):
Cash flow hedge in China	119,150	40,698	(111,715)	108,375
Other comprehensive income (loss)	675,919	(2,000,026)	(3,198,502)	(538,604)
Comprehensive income (loss)	958,565	(2,576,662)	(11,393,493)	632,050
Lakeland Brazil S.A. [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments	446,945	(1,904,804)	(2,982,122)	(678,905)
Canada [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments	2,037	(25,641)	(1,367)	(263)
United Kingdom [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments	54,826	(94,165)	(74,128)	11,494
China [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments	44,066	19,908	21,984	46,645
Russia/kazakhstan [Member]
Other comprehensive income (loss):
Foreign currency translation adjustments	$ 8,895	$ (36,022)	$ (51,154)	$ (25,950)

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Income Tax Audit/Change in Accounting Estimate

9 Months Ended

Oct. 31, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

10. Income Tax Audit/Change in Accounting Estimate

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.

There was no activity during FY12 or FY13, and the uncertain tax liability at October 31, 2012, was $0. The Company’s policy is to recognize interest and penalties related to income tax issues as components of income tax expense.

The Company is subject to USA federal income tax, as well as income tax in multiple USA state and local jurisdictions and a number of foreign jurisdictions. The Company’s federal income tax returns for through FY07 have been audited by the Internal Revenue Service (“IRS”). The FY07 audit has been completed by the IRS and the Company has received a final “No Change Letter”. The Company has received notice from the IRS that it will shortly commence an audit for the FY09 tax return.

Our three major foreign tax jurisdictions are China, Canada and Brazil. According to China tax regulatory framework, there is no statute of limitation on fraud or any criminal activities to deceive tax authorities. However, the general practice for taxing authorities is to go back five years, and general practice for records maintenance is 15 years. China tax authorities have performed limited reviews on all China subsidiaries as of tax years 2008, 2009, 2010 and 2011 with no significant issues noted. As of this statement filing date, we believe our tax positions are reasonably stated.

Lakeland Protective Wear, Inc., our Canadian subsidiary, follows Canada tax regulatory framework recording its tax expense and deferred tax assets or liabilities. As of this statement filing date, we believe the Company’s tax situation is reasonably stated, and we do not anticipate future tax liability.

The Company’s Brazilian subsidiary is under a tax audit, which raised some issues regarding the tax impact related to the merger in 2008 and the goodwill resulting from the structure which was set up at the Company's Brazilian counsel's advice. The Company has received a formal claim from the authorities in the amount of USD$1.1 million ($R2.3 million) (mostly fines and penalty). The Company has filed a lawsuit in order to cancel this claim. We are still in first administrative level, in case of loss we can appeal another administrative level. Management believes it is possible that we will have success in our defense at the administrative level. In the event we go to judicial level, management believes the chance of loss is remote.

The structure of our 2008 acquisition is relatively common in acquisitions of Brazilian operations made by non-Brazilian companies. In general, acquisitions with this structure have survived challenge by the taxing authorities in Brazil. The cumulative amount of tax benefits recognized on the Company’s books through October 31, 2012, resulting from the tax deduction of the goodwill amortization is approximately USD$870,000. This results from the goodwill on the Brazilian books which, for Brazilian tax purposes, is eligible for tax write-off over a five year period dating from November 2008.

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DOCUMENT AND ENTITY INFORMATION	9 Months Ended
	Oct. 31, 2012	Dec. 11, 2012
Entity Registrant Name	LAKELAND INDUSTRIES INC
Entity Central Index Key	0000798081
Current Fiscal Year End Date	--01-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	lake
Entity Common Stock, Shares Outstanding		5,332,159
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2012
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2013

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Derivative Instruments and Foreign Currency Exposure

9 Months Ended

Oct. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

11. Derivative Instruments and Foreign Currency Exposure

The Company has foreign currency exposure, principally through sales in Canada, Brazil, China, Argentina, Chile and the UK, and production in Brazil, Mexico and China. Management has commenced a derivative instrument program to partially offset this risk by purchasing forward contracts to sell the Canadian Dollar, the Chilean Peso, the Euro, the Great Britain Pound and the Argentina Peso. Such contracts are largely timed to expire with the last day of the fiscal quarter, with a new contract purchased on the first day of the following quarter, to match the operating cycle of the Company. Management has decided not to hedge its long position in the Chinese Yuan. Management previously had not hedged the Brazilian Real, but commenced doing so in May 2012. We designated the forward contracts as nonhedging instruments with loss and gain recognized in the current earnings. In the three and nine-months ended October 31, 2012, the Company sustained a pre-tax gain on foreign exchange in Brazil of $61,791or $0.01 per share and a pre-tax loss of  ($840,319) or ($0.13 per share, respectively included in pre-tax income from continuing operations. In the three and nine months ended October 31, 2011, the Company recorded a loss on foreign exchange in Brazil of ($343,803) or ($0.05) per share and ($94,953) or ($0.01) per share, respectively included in pre-tax income from continuing operations.

The Company accounts for its foreign exchange derivative instruments as either assets or liabilities at fair value, which may result in additional volatility in both current period earnings and other comprehensive income as a result of recording recognized and unrecognized gains and losses from changes in the fair value of derivative instruments.

We also enter cash flow hedge contracts with financial institutions to manage our currency exposure on future cash payments denominated in foreign currencies. The effective portion of gain or loss on cash flow hedge is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings. Our hedge positions are summarized below:

Derivatives not designated as hedging instruments (in thousands)

Foreign Exchange Forward Contracts

	Three Months Ended				Nine Months Ended
	October 31, 2012		October 31, 2011		October 31, 2012		October 31, 2011
Notional Value in USD	$	11,175	$	3,444	$	36,501	$	9,950
Gain and loss reported in current operating income (expense)	$	205	$	41	$	261	$	(130	)

Derivatives designated as hedging instruments (in thousands)

Asset Derivative from Foreign Currency Cash Flow Hedge

	As of October 31, 2012		As of January 31, 2012
Notional value in USD	$	6,777	$	6,904
Gain and (loss) reported in equity as other comprehensive income	$	11	$	123
Reported in Balance Sheet		Other payables		Other assets

Effect of Derivative on Income Statement from Foreign Currency Cash Flow Hedge

	Nine Months Ended October 31, 2012		Nine Months Ended October 31, 2011
Gain reclassed from other comprehensive income into current earnings during nine months ended October 31, 2012 reported in operating income	$	33	$	30

The cash flow hedge is designed to hedge the payments made in Euros and USA dollars to our China subsidiaries. Fair value of $10,775 and $87,614 were both recorded as other assets as of October 31, 2012 and 2011.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2012	Jan. 31, 2012
ASSETS
Cash and cash equivalents	$ 5,551,735	$ 5,711,038
Accounts receivable, net of allowance for doubtful accounts of $239,600 at October 31, 2012 and $270,200 at January 31, 2012	15,597,842	12,576,362
Inventories, net of reserves of $1,901,000 at October 31, 2012 and $1,601,000 at January 31, 2012	41,237,295	45,668,355
Deferred income taxes	4,959,813	3,987,671
Assets of discontinued operation in India	1,990,063	1,998,570
Prepaid income and VAT tax	2,244,369	1,772,806
Other current assets	1,986,041	1,993,151
Total current assets	73,567,158	73,707,953
Property and equipment, net	14,139,625	13,914,826
Prepaid VAT and other taxes, noncurrent	2,432,526	2,791,107
Security deposits	1,381,259	1,330,679
Intangibles and other assets, net	3,931,311	4,527,335
Goodwill	5,529,163	6,132,954
Total assets	100,981,042	102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	7,360,507	4,600,437
Accrued compensation and benefits	1,738,756	1,304,818
Other accrued expenses	1,828,659	1,584,894
Liabilities of discontinued operation in India	19,651	64,780
Current maturity of long-term debt	100,240	860,451
Current maturity of arbitration settlement	1,760,346	0
Short-term borrowing	887,517	1,037,808
Term loans to TD Bank	5,815,000	0
Borrowings under revolving credit facility	9,558,882	0
Total current liabilities	29,069,558	9,453,188
Accrued Arbitration Award in Brazil (net of current maturities)	4,906,761	0
Borrowings under revolving credit facility	0	11,457,807
Other long-term debt	1,502,144	4,814,682
Other liabilities-accrued legal fees in Brazil	83,810	99,367
VAT taxes payable long-term	3,322,993	3,312,953
Total liabilities	38,885,266	29,137,997
Stockholders' equity:
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued)		0
Common stock, $.01 par; authorized 10,000,000 shares, issued, 5,688,600 and 5,581,919 outstanding, 5,332,159 and 5,225,478 at October 31, 2012 and January 31, 2012	56,886	55,819
Treasury stock, at cost, 356,441 shares at October 31, 2012 and 356,441 at January 31, 2012	(3,352,291)	(3,352,291)
Additional paid-in capital	50,993,939	50,772,594
Retained earnings	17,621,233	25,816,224
Accumulated other comprehensive loss	(3,223,991)	(25,489)
Total stockholders' equity	62,095,776	73,266,857
Total liabilities and stockholders' equity	$ 100,981,042	$ 102,404,854

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Earnings Per Share

9 Months Ended

Oct. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Earnings Per Share:

Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation takes into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period.

The following table sets forth the computation of basic and diluted earnings per share based upon income (loss) from continuing operations at October 31, 2012 and 2011.

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2012		2011		2012			2011
Numerator
Net income (loss) from continuing operations	$	282,646	$	145,634	$	(8,194,991	)	$	2,095,470
Denominator
Denominator for basic earnings per share
(Weighted-average shares which reflect  356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively		5,330,286		5,225,020		5,276,288			5,224,371
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		36,957		131,815		0			123,801
Denominator for diluted earnings per share		5,367,243		5,356,835		5,276,288			5,348,172
(adjusted weighted average shares)
Basic earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.40
Diluted earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.39

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Inventories

9 Months Ended

Oct. 31, 2012

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

4. Inventories:

Inventories consist of the following:

	October 31,		January 31,
	2012		2012
Raw materials	$	17,333,438	$	21,213,423
Work-in-process		1,773,586		1,790,510
Finished goods		22,130,271		22,664,422
	$	41,237,295	$	45,668,355

Inventories include freight-in, materials, labor and overhead costs and are stated at the lower of cost (on a first-in, first-out basis) or market.

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Recent Accounting Pronouncements

9 Months Ended

Oct. 31, 2012

Accounting Changes and Error Corrections [Abstract]

Accounting Changes and Error Corrections [Text Block]

16. Recent Accounting Pronouncements

In June 2011, the FASB issued amendments to the presentation of comprehensive income, which became effective for interim and annual periods beginning after December 15, 2011. The amendments eliminated the previous reporting option of displaying components of other comprehensive income within the statement of changes in stockholders’ equity. Under the new guidance, the Company is required to present either a single continuous statement of comprehensive income or an income statement immediately followed by a statement of comprehensive income. In addition, the amendment requires the reclassification adjustments from other comprehensive income to net income be shown on the face of the financial statements; however the FASB has postponed the implementation regarding the reclassification indefinitely.

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VAT Tax Issue in Brazil

9 Months Ended

Oct. 31, 2012

Vat Tax Issues Disclosure [Abstract]

Vat Tax Issue [Text Block]

12. VAT Tax Issue in Brazil

Asserted Claims

VAT tax in Brazil is at the state level. We commenced operations in Brazil in May 2008 through an acquisition of Qualytextil, S.A. ("QT"). At the time of the acquisition, and going back to 2004, the acquired company used a port facility in a neighboring state (Recife-Pernambuco), rather than its own, in order to take advantage of incentives, in the form of a discounted VAT tax, to use such neighboring port facility. We continued this practice until April 2009. The practice was stopped largely for economic reasons, resulting from additional trucking costs and longer lead time. The Bahia state auditors (state of domicile for the Lakeland operations in Brazil) initially reviewed the period from 2004-2006 and filed a claim for unpaid VAT taxes in October 2009. The claim asserted that the state VAT taxes are owed to the state of domicile of the ultimate importer/user and disregarded the fact that the VAT taxes had already been paid to the neighboring state.

The audit notice claimed that the taxes paid to Recife-Pernambuco should have been paid to Bahia in the amount of R$4.8 million and assessed fines and interest of an additional R$5.6 million for a total of R$10.4 million (approximately US$3.0 million, $3.5 million and $6.5 million, respectively).

Bahia had announced an amnesty for this tax whereby R$3.5 million (US$1.9 million) of the taxes claimed were paid by QT by the end of the month of May 2010, and the interest and penalties related thereto were forgiven. According to fiscal regulation of Brazil, $R2.1 million (US$1.1 million) of this amnesty payment has since been recouped as credits against future taxes due.

An audit for the 2007-2009 period has been completed by the State of Bahia. In October 2010, the Company received a claim for 2007-2009 from the State of Bahia for taxes of R$6.2 (US$3.1) million and fines and penalties of R$6.1 (US$3.0) million, for a total of R$12.3 (US$6.2) million, which had been expected per above. The Company intends to defend and wait for the next amnesty period.  Of these claims, our attorney informs us that R$0.4 (US$0.2) million in respect of fines and penalties will likely be successfully defended based on state auditor misunderstanding.

Lakeland intends to apply for amnesty and make any necessary payments upon the forthcoming, anticipated amnesty periods imposed by the local Brazilian authorities. Of this R$6.2 (US$3.1) million exposure, R$3.4 (US$1.7) million is eligible for future credit.

Company Brazilian counsel advises the Company that in its opinion the next amnesty will come before the end of the judicial process. There has been a long history in Bahia of the state declaring such amnesty periods every two to three years going back 25 years. The litigation process begins as two separate administrative proceedings and, after a period of time, must be switched to a formal court judicial proceeding. If the next amnesty does not arrive prior to the commencement of the formal court proceedings, the Company will have to remit a "judicial deposit" covering the exposure from 2007-2009 in taxes of approximately R$6.2 (US$3.1) million plus assessed fines and interest bringing the judicial deposit needed to approximately R$12.3 (US$6.2) million. The initial estimated time period to Judicial Court deposit was 1.5-2 years.

Set forth below are the total amounts of potential tax liability from both the first and second claims, the amount of payments already made into amnesty or scheduled for future payment, which are not eligible for future credit (essentially the discount allowed as an incentive by the neighboring state), less the amount of VAT taxes actually paid which are available as a credit and the amounts of the escrow released by one of the three sellers of the Brazilian company acquired by the Company. The foregoing forms the basis for the US$1.6 million charge to expense recorded by Lakeland in the first quarter of fiscal 2011.
  

	BRL (millions)						USD (millions)
Foreign exchange rate							1.82		1.82		1.82
	Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit1		Available For Credit2		Total Paid Or To Be Paid Into Government Under Amnesty Program		Total Not Available For Credit¹		Available For Credit2
Original claim 2004-2006		3.5		1.4		2.1		1.9		0.8		1.1
Second claim
Preacquisition 2007-April 2008		2.4		1.0		1.4		1.3		0.5		0.8
Postacquisition May 2008-April 2009		3.3		1.4		1.9		1.8		0.8		1.0
Totals		9.2		3.8		5.4		5.0		2.1		2.9
Escrow released from one seller		1.0		1.0		-		0.5		0.5		-
Charged to expense at April 30, 2010		-		2.8		-		-		1.6		-

¹ Essentially represents the discount originally offered as incentive by the neighboring state.

² The amount allowed as credit against future payments represents the VAT taxes actually previously paid to the neighboring state.

Of these claims, our attorney informs us that R$1.0 (US$0.6) million will be successfully defended based on a lapse of statute of limitations and R$0.3 (US$0.2) million based on state auditor misunderstanding. No accrual has been made for these items.

The total taxes paid into the amnesty program on May 31, 2010 were R$3.5 (US$2.2) million.

Future Accounting for Funds

Following payment into the amnesty program, a portion of the taxes were since recouped via credits against future taxes due. The Company does not expect any further charges to expense other than as described below:

In addition to the direct cost of the additional tax liability accrued per above, there are several additional costs which will be future costs. There will be interest costs on the cash paid during the period from the payment to the state and the credit to be subsequently used which has been and will be charged to expense as incurred. There will be legal fees to defend and resolve this legal matter before the state, which will be charged to expense as incurred. Further, there will be a loss of an incentive known as “desenvolve”³ as a result of using the credit rather than cash payments for the future VAT taxes. The “desenvolve” has already been reflected in the operating results subsequent to May 2010 through August 2011 when the initial credit was exhausted and the Company resumed normal monthly cash payments for VAT taxes. This has been reflected as a reduction in the gross margin in the ensuing period through August 2011. This is not a cost but a lost discount.
 

³ "Desenvolve" is an incentive remaining from Brazil's hyperinflationary days about 10 years ago. It is based on the net ICMS (VAT) tax payable. (QT pays ICMS to suppliers on raw materials, bills and collects ICMS from customers, takes credit for ICMS paid to suppliers and remits the difference. The net amount payable is payable 30% immediately and 70% for up to five years. The "desenvolve" is an incentive to pay the 70% quickly, like a cash discount. If the full amount is paid immediately, there is an 80% discount of the 70% (or 56% of the total).

Summary of Cash Flow Requirements: (R$ millions and US$ millions)

Claim period/description	Taxes		Fines and penalties		Maximum judicial deposit
2004-2006 not paid into amnesty and being defended. Management does not plan to pay this into amnesty	R$	1.3	R$	1.9	R$	3.2	US$	1.6
2007-2009 claim by State of Bahia (1)	R$	6.2	R$	6.1	R$	12.3	US$	6.2
TOTAL	R$	7.5	R$	8.0	R$	15.5	US$	7.8

⁽¹⁾  Our attorney informs us that based on the slow progress so far in the administrative proceedings for the 2007-2009 claim, they believe it is now more likely than not that the next amnesty will arrive prior to the need to pay the R$12.3 judicial deposit. Therefore, the most likely cash flow outlook in management’s opinion is as follows:

R$3.1 (US$1.6) million 2004-2006 Judicial deposit	Management has been able to satisfy the remaining balance of R$3.1 (US$1.6) million judicial deposits by pledging real estate owned rather than paying  cash
R$6.2 (US$3.1) million 2007-2009 claim into amnesty	From Quarter One Fiscal year 2014 to Quarter Two Fiscal year 2014

At the next amnesty period:

· If before judicial process - still administration proceeding - the Company would pay only the taxes with no penalty or interest. This would then be recouped via credits against future taxes on future imports. As before, the Company would lose desenvolve and interest.

· If after judicial process commences - the amount of the judicial deposit previously remitted would be reclassified to the taxes at issue, and the excess submitted to cover fines and interest would be refunded to QT. As above, the taxes would be recouped via credits against future taxes on future imports, but we would lose desenvolve and interest.

· The desenvolve is scheduled to expire on February 2013 and has been partially phased out starting February 2011. Based on the anticipated timing of the next amnesty, there may be little amounts of lost desenvolve since it would largely expire on its own terms in any case.

Balance Sheet Treatment

The Company has reflected the above items on its October 31, 2012, balance sheet as follows:

		(R$ millions)		US$ millions
Noncurrent assets	VAT taxes eligible for future credit		4.0		1.9
Long-term liabilities	Taxes payable		6.2		3.2

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Employee Stock Compensation

9 Months Ended

Oct. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

8. Employee Stock Compensation

Shares of our common stock may currently be awarded under our 2012 stock incentive plan and a nonemployee director option plan. Upon the approval of the 2012 plan by stockholders of the Company in June 2012, the ability to make grants under the 2009 restricted stock plan was terminated. The 2012 plan has the structure and includes all of the components described below:

	Nature and terms
Restricted Stock Plan - employees	Long-term incentive compensation-three-year plan.  Employees are granted potential share awards at the beginning of the three-year cycle at baseline and maximum amounts.  The level of award and final vesting is based on the Board of Director’s opinion as to the performance of the Company and management in the entire three year cycle.  All vesting is three-year “cliff” vesting - there is no partial vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Restricted Stock Plan – Directors	Long-term incentive compensation-three-year plan.  Directors are granted potential share awards at the beginning of the three-year cycle at baseline and maximum amounts.  The level of award and final vesting is based on the Board of Director’s opinion as to the performance of the Company and management in the entire three-year cycle.  All vesting is three-year “cliff” vesting-there is no partial vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Matching award program	All participating employees are eligible to receive one share of restricted stock awarded for each two shares of Lakeland stock purchased on the open market.  Such restricted shares are subject to three-year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the three-year period.
Bonus in stock program - employees	All participating employees are eligible to elect to receive any cash bonus in shares of restricted stock.  Such restricted shares are subject to two-year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the two-year period. Since the employee is giving up cash for unvested shares, the amount of shares awarded is 133% of the cash amount based on the grant date stock price.
Director fee in stock program	All directors are eligible to elect to receive any director fees in shares of restricted stock.  Such restricted shares are subject to two- year time vesting. The valuation is based on the stock price at the grant date and amortized to expense over the two-year period.  Since the director is giving up cash for unvested shares, the amount of shares awarded is 133% of the cash amount based on the grant date stock price.
Non-employee director stock option plan	The plan provides for an automatic one-time grant of options to purchase 5,000 shares of common stock to each nonemployee director newly elected or appointed. Options are granted at not less than fair market value, become exercisable commencing six months from the date of grant and expire six years from the date of grant. In addition, all nonemployee directors re-elected to the Company’s Board of Directors at any annual meeting of the stockholders will automatically be granted additional options to purchase 1,000 shares of common stock on that date.

Equity Incentive Plans

On June 17, 2009, the stockholders of the Company authorized the issuance of 253,000 shares under a restricted stock plan (the “2009 Equity Incentive Plan”). Under the 2009 Equity Incentive Plan, eligible employees and directors were eligible to be awarded performance-based restricted shares of the company common stock. The amount recorded as expense for the performance-based grants of restricted stock are based upon an estimate made at the end of each reporting period as to the most probable outcome of this plan at the end of the three-year performance period (e.g., baseline, maximum or zero). In addition to the grants with vesting based solely on performance, certain awards pursuant to the plan have a time-based vesting requirement, under which awards vest from two to three years after grant issuance, subject to continuous employment and certain other conditions. Restricted stock has no voting rights until fully vested and issued, and the underlying shares are not considered to be issued and outstanding until vested.

Under the 2009 Equity Incentive Plan, the Company has issued 104,989 fully vested shares as of October 31, 2012. The Company has granted up to a maximum of 35,989 restricted stock awards as of October 31, 2012. All of these restricted stock awards are nonvested at October 31, 2012 and have a weighted average grant date fair value of $8.36. The Company recognizes expense related to performance-based awards over the requisite service period using the straight-line attribution method based on the outcome that is probable.

On June 20, 2012, the stockholders of the Company authorized 310,000 shares under the Company’s 2012 Stock Incentive Plan the (“2012 Equity Incentive Plan”). Under the 2012 Incentive Plan, eligible employees and directors may be awarded restricted stock, restricted stock units, performance shares, performance units and other share-based awards. The amount recorded as expense for the performance-based grants of restricted stock are based upon an estimate made at the end of each reporting period as to the most probable outcome of this plan at the end of the three-year performance period (e.g., baseline, maximum or zero). In addition to the grants with vesting based solely on performance, certain awards pursuant to the plan have a time-based vesting requirement, under which awards vest from two to three years after grant issuance, subject to continuous employment and certain other conditions. Restricted stock has no voting rights until fully vested and issued, and the underlying shares are not considered to be issued and outstanding until vested.

Under the 2012 Equity Incentive Plan, the Company has granted 222,621 restricted stock awards as of October 31, 2012, assuming all maximum awards are achieved. All of these restricted stock awards are nonvested at October 31, 2012 (161,121 shares at “baseline”), and have a weighted average grant date fair value of $6.43. The Company recognizes expense related to performance-based awards over the requisite service period using the straight-line attribution method based on the outcome that is probable.

As of October 31, 2012, unrecognized stock-based compensation expense related to restricted stock awards totaled $51,437 pursuant to the 2009 Equity Incentive Plan and $1,261,762 pursuant to the 2012 Equity Incentive Plan, before income taxes, based on the maximum performance award level, less what has been charged to expense on a cumulative basis through October 31, 2012, which was set at baseline. Such unrecognized stock-based compensation expense related to restricted stock awards totaled $51,437 for the 2009 Equity Incentive Plan and $865,702 for the 2012 Equity Incentive Plan at the baseline performance level. The cost of these nonvested awards is expected to be recognized over a weighted-average period of three years. The Board has estimated its current performance level to be at the baseline level, and expenses have been recorded accordingly. The performance based awards are not considered stock equivalents for earnings per share (“EPS”) calculation purposes.

The following table represents our stock options granted, exercised and forfeited during the nine-months ended October 31, 2012.

Stock Options	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 31, 2012		18,200	$	7.31		3.38 years	$	10,230
Granted during the nine months ended October 31, 2012		10,000	$	6.44		5.66 years	$	100
Forfeited during the nine months ended October 31, 2012		4,200	$	10.67		—		—
Outstanding at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Exercisable at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Reserved for future issuance:
Directors’ Plan		21,300

There were no exercises during the nine-months ended October 31, 2012.

Stock-Based Compensation

The Company recognized total stock-based compensation costs of $349,530 and $499,493 for the nine-months ended October 31, 2012 and 2011, respectively, of which $0 and $4,253 result from the 2006 Equity Plan, $124,342 and $476,692 result from the 2009 Equity Incentive Plan, $204,663 and $0 result from the 2012 Equity Incentive Plan and $20,525 and $18,548, from the Directors Option Plan, for the nine-months ended October 31, 2012 and 2011, respectively. These amounts are reflected in selling, general and administrative expenses. The total income tax benefit recognized for stock-based compensation arrangements was $127,578 and $182,315 for the nine-months ended October 31, 2012 and 2011, respectively.

Shares under 2009 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2012
Restricted stock grants - employees		129,536		—		79,313		50,223		—
Restricted stock grants - directors		63,184		—		45,232		17,952		—
Matching award program		3,500		—		—		—		3,500
Bonus in stock - employees		25,801		3,289		3,000		—		26,090
Retainer in stock - directors		5,572		1,116		—		—		6,688
Total restricted stock plan		227,593		4,405		127,545		68,175		36,278
Weighted average grant date fair value	$	8.04	$	8.82	$	8.03	$	8.00	$	8.27

Shares under 2012 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2013
Restricted stock grants - employees		—		164,500		—		—		164,500
Restricted stock grants - directors		—		49,500		—		—		49,500
Matching award program		—		—		—		—		—
Bonus in stock – employees		—		4,331		—		—		4,331
Retainer in stock – directors		—		4,290		—		—		4,290
Total restricted stock plan		—		222,621		—		—		222,621
Weighted average grant date fair value		—	$	6.43		—		—	$	6.43

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Revolving Credit Facility

9 Months Ended

Oct. 31, 2012

Line Of Credit Facility [Abstract]

Line Of Credit Facility [Text Block]

6. Revolving Credit Facility

At October 31, 2012, the total balance outstanding under our revolving credit facility amounted to $9.6 million. In January 2010, the Company entered into a one-year $23.5 million revolving credit facility (as amended from time to time, the “Loan Agreement”) with TD Bank, N.A. (“TD Bank”). In January 2011, TD Bank agreed to a two-year extension to expire January 2013 and in June 2011, TD Bank agreed to extend the term to June 2014 and add a $6.5 million term loan facility to be used to fund capital expansion in Brazil, Mexico and Argentina, as well as the ability to refinance existing debt in Canada. In April 2012, TD Bank agreed to add a $3.0 million term loan facility to be used to refinance a portion of the revolver. Borrowings under this $9.5 million term loan facility are in the form of a five-year term loan, with maturity June 2014. As a result of the arbitration award issued against the Company in May 2012 (see Note 14) and the subsequent entry into a Settlement Agreement in respect thereof, as well as due to the recent operating results of the Company mentioned below, one or more events of default have occurred under the TD Bank revolving credit facility and term loan facility including an event of default for failure to comply with the minimum EBITDA covenant, which would have allowed TD Bank, at its option, to accelerate the loan.

On October 17, 2012 the Company entered into an Amendment No. 5 and Waiver (the “Amendment”) to the Loan Agreement. Under the Amendment, TD Bank has agreed to waive the Company’s non-compliance with the consolidated leverage ratio requirements and consolidated EBITDA requirements of the Loan Agreement, in each case, for the fiscal quarters ended April 30, 2012 and July 31, 2012. TD Bank has also agreed, with respect to standards for the October 31, 2012 quarter compliance standards, not to test or has revised these and one other financial covenant. As a result of the waivers, the Company is currently in compliance with the Loan Agreement.

Pursuant to the Amendment, TD Bank has reduced the Company’s revolving line of credit from the aggregate principal amount of $30,000,000 to $17,500,000 and increased the maximum interest rate payable on the revolving credit balance from LIBOR plus 2.50% to LIBOR plus 3.50%. There is currently approximately $15,400,000 of outstanding borrowings under the Loan Agreement. The maturity date of amounts outstanding under the revolving credit facility was changed from June 30, 2014 to June 30, 2013. The Loan Agreement requires payment of certain access fees for all unused portions of the total borrowing capacity provided to the Company.

The Company has engaged Raymond James & Associates, Inc. to assist the Board of Directors in its evaluation of a broad range of financial and strategic alternatives for the Company. 

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Major Supplier

9 Months Ended

Oct. 31, 2012

Major Supplier Disclosure [Abstract]

Major Supplier [Text Block]

7. Major Supplier

We did not purchase in excess of 10% of our cost of goods sold from any one supplier during the nine-month period ended October 31, 2012.

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Manufacturing Segment Data

9 Months Ended

Oct. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

9. Manufacturing Segment Data

Domestic and international sales from continuing operations are as follows:

	Three Months Ended October 31, (in millions of dollars)								Nine Months Ended October 31, (in millions of dollars)
	2012				2011				2012				2011
Domestic	$	9.8	41	%	$	12.7	51	%	$	28.7	40	%	$	41.0	53	%
International		14.4	59	%		12.0	49	%		43.0	60	%		35.2	47	%
Total	$	24.2	100	%	$	24.7	100	%	$	71.7	100	%	$	76.2	100	%

We manage our operations by evaluating each of our geographic locations. Our North American operations include our facilities in Decatur, Alabama (primarily the distribution to customers of the bulk of our products and the manufacture of our chemical, glove and disposable products), Jerez, Mexico (primarily disposable, glove and chemical suit production) and Sinking Spring, Pennsylvania (primarily woven products production). We also maintain three manufacturing facilities in China (primarily disposable and chemical suit production). Our China facilities, the Jerez Mexico, Salvador Brazil and our Decatur, Alabama facility produce themajority of the Company’s products. The accounting policies of these operating entities are the same as those described in Note 1 to our Annual Report on Form 10-K for the fiscal year ended January 31, 2012. We evaluate the performance of these entities based on operating profit, which is defined as income before income taxes, interest expense and other income and expenses. We have sales forces in Canada, Europe, Chile and China, which sell and distribute products shipped from the United States, Mexico or China. The table below represents information about reported manufacturing segments for the three-month and nine-month periods noted therein:

	Three Months Ended October 31, (in millions of dollars)						Nine Months Ended October 31, (in millions of dollars)
	2012			2011			2012			2011
Net Sales from Continuing Operations:
USA	$	10.72		$	13.61		$	31.30		$	44.36
Other foreign		6.67			4.37			18.18			14.09
China		9.53			6.54			27.80			21.35
Brazil		4.29			4.87			14.17			12.96
Less intersegment		(6.97	)		(4.65	)		(19.73	)		(16.60	)
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
External Sales from Continuing Operations:
USA	$	9.83		$	12.74		$	28.69		$	41.00
Other foreign		5.92			3.90			16.41			12.54
China		4.20			3.23			12.45			9.66
Brazil		4.29			4.87			14.17			12.96
Consolidated	$	24.24		$	24.74		$	71.72		$	76.16
Intersegment Sales from Continuing Operations:
USA	$	0.89		$	0.87		$	2.61		$	3.36
Other foreign		0.75			0.47			1.77			1.55
China		5.33			3.31			15.35			11.69
Brazil		0.00			0.00			0.00			0.00
Consolidated	$	6.97		$	4.65		$	19.73		$	16.60
Operating Profit (Loss) from Continuing Operations:
USA	$	(0.85	)	$	(0.61	)	$	(3.11	)	$	(0.46	)
Other foreign		0.43			0.09			0.87			0.49
China		1.01			0.46			2.16			1.94
Brazil		(0.37	)		0.46			(0.25	)		0.27
Less intersegment		0.05			0.17			0.77			0.73
Consolidated	$	0.27		$	0.57		$	0.44		$	2.97
Depreciation and Amortization Expense  from Continuing Operations:
USA	$	0.15		$	0.16		$	0.44		$	0.51
Other foreign		0.05			0.04			0.16			0.11
China		0.09			0.08			0.26			0.24
Brazil		0.09			0.10			0.27			0.35
Consolidated	$	0.38		$	0.38		$	1.13		$	1.21
Interest Expense from Continuing Operations:
USA	$	0.17		$	0.11		$	0.41		$	0.27
Other foreign		0.05			0.06			0.15			0.18
China		0.00			0.00			0.00			0.00
Brazil		0.24			0.08			0.76			0.18
Less intersegment		(0.19	)		(0.09	)		(0.55	)		(0.21	)
Consolidated	$	0.27		$	0.16		$	0.77		$	0.42
Income Tax Expense (Benefit) from Continuing Operations:
USA	$	(0.32	)	$	(0.27	)	$	(1.06	)	$	(0.29	)
Other foreign		0.02			0.45			0.14			0.70
China		0.03			0.18			0.40			0.56
Brazil		(0.14	)		(0.06	)		(0.43	)		(0.20	)
Less intersegment		0.11			(0.39	)		0.28			(0.36	)
Consolidated	$	(0.30	)	$	(0.09	)	$	(0.67	)	$	0.41
Total Assets (at Balance Sheet Date):
USA							$	29.64		$	37.43
Other foreign								17.69			14.75
China								26.49			22.32
India assets of discontinued operations								2.67			3.73
Brazil								24.49			27.16
Consolidated							$	100.98		$	105.39
Long-lived Assets (at Balance Sheet Date)
USA							$	5.02		$	5.33
Other foreign								1.70			0.03
China								3.02			2.49
Brazil								2.88			2.49
India								1.52			3.25
Consolidated							$	14.14		$	13.59

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Inventories (Details) (USD $)	Oct. 31, 2012	Jan. 31, 2012
Raw materials	$ 17,333,438	$ 21,213,423
Work-in-process	1,773,586	1,790,510
Finished goods	22,130,271	22,664,422
Inventory, Net, Total	$ 41,237,295	$ 45,668,355

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Brazil Management and Share Purchase Agreement-Arbitration (Details Textual)	9 Months Ended										9 Months Ended
	Oct. 31, 2012 USD ($)	Oct. 31, 2012 BRL	Oct. 31, 2012 September 11, 2012 [Member] USD ($)	Oct. 31, 2012 September 11, 2012 [Member] BRL	Oct. 31, 2012 September 11, 2012 [Member] Parent Company [Member] USD ($)	Oct. 31, 2012 September 11, 2012 [Member] Parent Company [Member] BRL	Oct. 31, 2012 September 11, 2012 [Member] Qualytextil, Sa [Member] USD ($)	Oct. 31, 2012 September 11, 2012 [Member] Qualytextil, Sa [Member] BRL	Oct. 31, 2012 Subsequent Event [Member] December 31, 2012 [Member] USD ($)	Oct. 31, 2012 Subsequent Event [Member] December 31, 2012 [Member] BRL	Oct. 31, 2012 Subsequent Event [Member] March 31, 2013 [Member] USD ($)	Oct. 31, 2012 Subsequent Event [Member] March 31, 2013 [Member] BRL	Oct. 31, 2012 Former Officers [Member] USD ($)	Oct. 31, 2012 Former Officers [Member] BRL	Oct. 31, 2012 Former Officers [Member] September 11, 2012 [Member] USD ($)
Loss Contingency Settlement Agreement Consideration1			$ 1,500,000	3,000,000	$ 350,000	706,000	$ 1,150,000	2,294,000	$ 1,000,000	2,000,000	$ 6,000,000		$ 9,000,000	18,037,500	$ 8,500,000
Estimated Litigation Liability													580,000	1,150,000
Supplemental Unemployment Benefits, Severance Benefits													226,000	450,000
Percentage Of Arbitrators Fees	85.00%	85.00%
Adjustments Of Arbitration Expenses	12,575,000	25,148,252									12,575,000	25,148,252.47
Revised Settlement Agreement Amount	7,000,000
Accounts Payable, Interest-bearing, Interest Rate	1.58%	1.58%
Total Fees Of Revised Settlement	856,000
Settlement Expenses, Net	7,900,000
Loss Contingency, Settlement Agreement, Consideration Installment											$ 250,000

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Brazil Management and Share Purchase Agreement-Arbitration

9 Months Ended

Oct. 31, 2012

Brazil Management and Share Purchase Agreement [Abstract]

Brazil Management and Share Purchase Agreement [Text Block]

14. Brazil Management and Share Purchase Agreement-Arbitration

Lakeland Industries, Inc. and its wholly-owned subsidiary, Lakeland Brasil S.A. (“Lakeland Brasil” and together with Lakeland Industries, Inc., the “Company”) were parties to an arbitration proceeding in Brazil involving the Company and two former officers (the “former officers”) of Lakeland Brasil.  On May 8, 2012, the Company received notice of an arbitral award in favor of the former officers as described below.  On May 12, 2012, the Company filed a request for clarification seeking a modification of the award or to have it set aside. However, no such relief was awarded to the Company.

The arbitration proceeding arose out of the acquisition by the Company in 2008 of Qualytextil, S.A., a company of which the former officers were owners.  In connection with the acquisition, the Company entered into management agreements with the former officers and agreed to pay the former officers a supplemental purchase price payment (“SPP”), calculated based upon the 2010 EBITDA of the acquired company, subject to a cap (the “Maximum SPP”).  Based upon actual results for 2010 as contractually specified, the Company determined that no SPP would be payable.  Contractual provisions further provided for the former officers to be paid the Maximum SPP in the event that either of them were terminated by the Company without cause even if a SPP would not otherwise be payable. In May 2010, the Company terminated the former officers for cause.

In the arbitration proceeding, the former officers sought a determination that they were terminated by the Company without cause and, therefore, entitled to be paid their portion of the Maximum SPP and the monthly remuneration that they would have been paid from the date of termination through the end of their contractual employment period on December 31, 2011. On May 8, 2012, the Company received the arbitration decision which accepted the former officers’ requests to declare that their employments were terminated without cause and determined that, among other things, the non-compete clauses of each of the stock purchase agreement and management agreements were null and non-applicable despite having been drafted by one of the top law firms in Brazil and reviewed by a second top law firm. The Company was ordered to pay to the former officers damages representing their portion of the Maximum SPP in the aggregate amount of R$18,037,500 (approximately US$9 million at current exchange rates) and monthly remuneration from the date of termination through December 31, 2011, which the Company estimates at an aggregate amount of R$1,150,000 (US$580,000). The arbitration panel further ordered that the Company pay the former officers approximately R$450,000 (US$226,000) from an escrow account established in connection with the acquisition and the Company is responsible for payment of 85% of the costs and arbitrators’ fees associated with the arbitration. The arbitration award, with all taxes, expenses, interest and applicable adjustments to date amounts to R$25,148,252 (approximately US$ 12,575,000) as adjusted for inflation, plus interest and penalties.

On September 11, 2012, the Company and the former officers entered into a settlement agreement (the “Settlement Agreement”) which fully and finally resolved all alleged outstanding claims against the Company arising from the arbitration proceeding. Pursuant to the Settlement Agreement, the Company agreed to pay to the former officers an aggregate of approximately US $8.5 million (the “Settlement Amount”) over a period of six (6) years. The Settlement Amount is payable in combined Brazilian Real and United States dollars as follows: (i) R$3 million (approximately US $1.5 million) was paid on the effective date of the Settlement Agreement, of which amount (A) R$2.294 million (approximately US $1.15 million) in cash was released from the escrow account established in connection with the Qualytextil, S.A. acquisition, and (B) R$706,000 (approximately US $350,000) was paid directly by the Company; (ii) R$2 million (approximately US $1.0 million) is payable on or before December 31, 2012; and (iii) the balance of $6.0 million of the Settlement Amount will be made in United States dollars consisting of 24 consecutive quarterly installments of US $250,000 beginning on March 31, 2013. In the event the Company fails to pay the remainder of the Settlement Amount in accordance with terms of the Settlement Agreement, the former officers will be entitled to seek payment by the Company of R$25,148,252.47 (approximately US $12,575,000) as adjusted for inflation, plus interest and penalties, less prior payments, which represents the original arbitral award inclusive of all taxes, expenses, interest and applicable adjustments.

In addition, pursuant to the Settlement Agreement, as additional security for payment of the Settlement Amount, Lakeland Brasil agreed to grant the former officers a second mortgage interest on certain of its property in Brazil, which mortgage is expressly behind the lien securing the payment of tax debts to a state within Brazil related to certain notices of tax assessment on such property (see Note 12). Lakeland also agreed to become a co-obligor, in lieu of a guarantor, for payment of the Settlement Amount.

The Company has recorded a settlement liability at net present value of $7.0 million, by applying a risk-free interest rate of 1.58% to discount the non-interest bearing payment schedule. Together with estimated total fees for the settlement of $856,000, the total cost for the settlement is estimated at $7.9 million.

The Company continues to strongly believe that the Brazilian arbitration decision is inconsistent with the underlying facts. However, the Company entered into the Settlement Agreement to eliminate the uncertainty, burden, risk, expense and distraction of further arbitration or litigation

The Company further believes that its available resources, together with additional outside funding through debt or equity financings or asset sales, will enable it to make timely payment of the Settlement Amount and continue its operations on a viable basis. There can, however, be no assurance that such outside funding will ultimately be obtained. The Company is continuing to work with Raymond James & Associates, Inc. in its evaluation of a broad range of financial and strategic alternatives for the Company.

The legal and arbitration fees are being charged to expense as incurred.

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Earnings Per Share (Tables)

9 Months Ended

Oct. 31, 2012

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share based upon income (loss) from continuing operations at October 31, 2012 and 2011.

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2012		2011		2012			2011
Numerator
Net income (loss) from continuing operations	$	282,646	$	145,634	$	(8,194,991	)	$	2,095,470
Denominator
Denominator for basic earnings per share
(Weighted-average shares which reflect  356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively		5,330,286		5,225,020		5,276,288			5,224,371
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		36,957		131,815		0			123,801
Denominator for diluted earnings per share		5,367,243		5,356,835		5,276,288			5,348,172
(adjusted weighted average shares)
Basic earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.40
Diluted earnings (loss) per share	$	0.05	$	0.03	$	(1.55	)	$	0.39

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VAT Tax Issue in Brazil (Details 2) In Millions, unless otherwise specified	Oct. 31, 2012 USD ($)	Oct. 31, 2012 BRL
Noncurrent assets ,VAT taxes eligible for future credit	$ 1.9	4.0
Long-term liabilities , Taxes payable	$ 3.2	6.2

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Employee Stock Compensation (Details Textual) (USD $)	9 Months Ended									9 Months Ended				9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012 Equity Incentive 2009 Plan [Member]	Oct. 31, 2011 Equity Incentive 2009 Plan [Member]	Oct. 31, 2012 Equity Incentive 2006 Plan [Member]	Oct. 31, 2011 Equity Incentive 2006 Plan [Member]	Oct. 31, 2012 Equity Incentive 2012 Plan [Member]	Oct. 31, 2011 Equity Incentive 2012 Plan [Member]	Jun. 20, 2012 Equity Incentive 2012 Plan [Member]	Oct. 31, 2012 Selling, General and Administrative Expenses [Member]	Oct. 31, 2011 Selling, General and Administrative Expenses [Member]	Oct. 31, 2012 Restricted Stock [Member] Equity Incentive 2009 Plan [Member]	Jun. 17, 2009 Restricted Stock [Member] Equity Incentive 2009 Plan [Member]	Oct. 31, 2012 Restricted Stock [Member] Equity Incentive 2012 Plan [Member]	Oct. 31, 2012 Director Option Plan [Member]	Oct. 31, 2011 Director Option Plan [Member]	Oct. 31, 2012 Non Employee Director Stock Option Plan [Member]	Oct. 31, 2012 Employees Bonus In Stock Program [Member]	Oct. 31, 2012 Director Fee In Stock Program [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Purchase Price Of Common Stock, Percent																		133.00%	133.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																	5,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant																	1,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized									310,000				253,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period												104,989
Granted during FY13 through July 31, 2012, Total restricted stock plan												35,989		222,621
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number														161,121
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value												$ 8.36		$ 6.43
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Stock Options												$ 51,437		$ 1,261,762
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Stock Options At Base Line Performance												51,437		865,702
Share-based Compensation	349,530	499,493	124,342	476,692	0	4,253	204,663	0							20,525	18,548
Allocated Share-based Compensation Expense										$ 127,578	$ 182,315

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CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Oct. 31, 2012	Jan. 31, 2012
Allowance for doubtful accounts (in dollars)	$ 239,600	$ 270,200
Reserves on Inventories (in dollars)	$ 1,901,000	$ 1,601,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	5,688,600	5,581,919
Common stock, shares outstanding	5,332,159	5,225,478
Treasury stock, shares	356,441	356,441

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Principles of Consolidation

9 Months Ended

Oct. 31, 2012

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

3. Principles of Consolidation

The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

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Employee Stock Compensation (Tables)

9 Months Ended

Oct. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table represents our stock options granted, exercised and forfeited during the nine-months ended October 31, 2012.

Stock Options	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 31, 2012		18,200	$	7.31		3.38 years	$	10,230
Granted during the nine months ended October 31, 2012		10,000	$	6.44		5.66 years	$	100
Forfeited during the nine months ended October 31, 2012		4,200	$	10.67		—		—
Outstanding at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Exercisable at October 31, 2012		24,000	$	7.47		4.20 years	$	1,300
Reserved for future issuance:
Directors’ Plan		21,300

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

Shares under 2009 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2012
Restricted stock grants - employees		129,536		—		79,313		50,223		—
Restricted stock grants - directors		63,184		—		45,232		17,952		—
Matching award program		3,500		—		—		—		3,500
Bonus in stock - employees		25,801		3,289		3,000		—		26,090
Retainer in stock - directors		5,572		1,116		—		—		6,688
Total restricted stock plan		227,593		4,405		127,545		68,175		36,278
Weighted average grant date fair value	$	8.04	$	8.82	$	8.03	$	8.00	$	8.27

Shares under 2012 Plan	Outstanding unvested grants at maximum at beginning of FY13		Granted during FY13 through October 31, 2012		Becoming Vested during FY13 through October 31, 2012		Forfeited during FY13 through October 31, 2012		Outstanding unvested grants at maximum at October 31, 2013
Restricted stock grants - employees		—		164,500		—		—		164,500
Restricted stock grants - directors		—		49,500		—		—		49,500
Matching award program		—		—		—		—		—
Bonus in stock – employees		—		4,331		—		—		4,331
Retainer in stock – directors		—		4,290		—		—		4,290
Total restricted stock plan		—		222,621		—		—		222,621
Weighted average grant date fair value		—	$	6.43		—		—	$	6.43

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Major Supplier (Details Textual)	9 Months Ended
	Oct. 31, 2012
Percentage Of Cost Of Goods Sold Not Excess Purchased From Major Suppliers	10.00%

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Termination of License Agreement with DuPont

9 Months Ended

Oct. 31, 2012

License Agreement With Dupont [Abstract]

License Agreement With Dupont [Text Block]

13. Termination of License Agreement with DuPont

The Company received notice, dated July 12, 2011, from E.I. DuPont de Nemours and Company (“DuPont”) stating that DuPont was terminating the DuPont Wholesaler Agreement dated January 1, 2011. DuPont fulfilled orders for purchases of finished garments containing Tychem® and Tyvek® through September 10, 2011.

While products made from DuPont-branded fabrics have long been an important part of Lakeland’s product mix, in recent years we have been successfully growing our own branded product lines. This was according to a prudent strategy to reduce excessive reliance upon any one supplier.

We have also aggressively globalized our business over the last decade to take advantage of the fast growth in emerging markets/BRIC countries, and we are achieving positive results in Canada and Europe.  As a result, we are in a position where the loss of DuPont-supplied fabrics will have a smaller impact on our overall business and profit than it would have a few years ago.

These DuPont-branded garments, which were sold with the DuPont brand and marketed under restrictive agreements with DuPont, delivered a gross margin in the previous fiscal year significantly lower than the margin on the balance of all products marketed and sold by the Company worldwide which carry the Lakeland brand, so the impact of the decline on the bottom line is less significant than on the top line.

With the dissolution of the agreement with DuPont, we will for the first time have removed the obstacles that prevented us from fully and adequately addressing the US market, such as licensing restrictions that prevented aggressive advertising and promotion of Company-branded disposable products.  We have earlier this year launched our broad scale marketing of Lakeland branded products in the US.

Supporting these product introductions is the re-organization and increase in the size of the US sales force and other marketing and product strategies that had already begun just prior to the termination of the agreement with DuPont.  The fact that Lakeland uniquely among its competitors does not rely upon contract manufacturers — and thus has more control over quality — is highly valued by its customers, who also prefer to deal directly with the manufacturer.