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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Jan. 31, 2010
Revenues:      
Equipment leasing $ 70,137 $ 36,825 $ 27,702
Lease pool equipment sales 6,503 2,470 3,321
Seamap equipment sales 28,406 21,345 20,567
Other equipment sales 7,788 10,723 3,582
Total revenues 112,834 71,363 55,172
Cost of sales:      
Direct costs-equipment leasing 8,059 3,739 3,760
Direct costs-lease pool depreciation 27,400 21,354 17,712
Cost of lease pool equipment sales 1,580 1,130 2,566
Cost of Seamap and other equipment sales 18,043 18,498 13,009
Total cost of sales 55,082 44,721 37,047
Gross profit 57,752 26,642 18,125
Operating expenses:      
General and administrative 21,354 16,755 14,977
Provision for doubtful accounts 615 1,795 1,378
Depreciation and amortization 1,239 1,171 899
Total operating expenses 23,208 19,721 17,254
Operating income 34,544 6,921 871
Other income (expense):      
Gain from bargain purchase in business combination   1,304  
Interest income 344 283 214
Interest expense (740) (756) (629)
Other, net 182 (958) 183
Total other expense (214) (127) (232)
Income before income taxes 34,330 6,794 639
Provision for income taxes 10,009 2,065 119
Net income $ 24,321 $ 4,729 $ 520
Net income per common share:      
Basic $ 2.13 $ 0.48 $ 0.05
Diluted $ 2.02 $ 0.46 $ 0.05
Shares used in computing income per common share:      
Basic 11,432 9,870 9,799
Diluted 12,069 10,181 9,963