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Stock Option Plans (Tables)
12 Months Ended
Jan. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Fair Value Option Award

The assumptions for the periods indicated are noted in the following table.

Weighted average Black-Scholes-Merton fair value assumptions

 

     Years Ended January 31,
     2015   2014   2013

Risk free interest rate

   1.63%   0.83%   0.58 - 0.78%

Expected life

   4.70 - 6.70 yrs   5.62 yrs   3.28 - 6.60 yrs

Expected volatility

   47%   60%   59 - 60%

Expected dividend yield

   0.0%   0.0%   0.0%
Summary of Company's Stock Option Activity

The following table presents a summary of the Company’s stock option activity for the fiscal year ended January 31, 2015:

 

    Number of
Shares

(in
thousands)
    Weighted
Average
Exercise
Price
    Weighted Average
Remaining
Contractual Term

(in years)
    Aggregate
Intrinsic
Value

(in
thousands)
 

Outstanding, January 31, 2014

    1,436      $ 12.04        4.74      $ 5,630   

Granted

    110        13.89       

Exercised

    (65     5.16       

Forfeited

    —          —         

Expired

    (75     5.51       
 

 

 

       

Outstanding, January 31, 2015

  1,406    $ 12.85      4.32    $ 200   
 

 

 

       

Exercisable at January 31, 2015

  1,225    $ 12.66      3.69    $ 200   

Vested and expected to vest at January 31, 2015

  1,399    $ 12.85      4.33    $ 200  
Restricted Stock and Changes During Period

Restricted stock as of January 31, 2015 and changes during the fiscal year ended January 31, 2015 were as follows:

 


     Year Ended January 31, 2015  
     Number of
Shares (in
thousands)
     Weighted Average
Grant Date Fair
Value
 

Unvested, beginning of period

     66         15.89   

Granted

     39         13.89   

Vested

     (39      16.73   

Canceled

     —           —     
  

 

 

    

Unvested, end of period

  66      14.19