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Stock Option Plans (Tables)
12 Months Ended
Jan. 31, 2016
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,
     2016    2015    2014

Risk free interest rate

   1.34 - 1.55%    1.63%    0.83%

Expected life

   4.87 - 6.87 yrs    4.70 - 6.70 yrs    5.62 yrs

Expected volatility

   50 - 52%    47%    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, 2016:

 

    Number of
Shares

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

(in years)
    Aggregate
Intrinsic
Value

(in  thousands)
 

Outstanding, January 31, 2015

    1,406      $ 12.85        4.32      $ 200   

Granted

    828        4.03       

Exercised

    —          —         

Forfeited

    (15     5.00       

Expired

    (261     10.19       
 

 

 

       

Outstanding, January 31, 2016

    1,958      $ 9.54        6.31      $ —     
 

 

 

       

Exercisable at January 31, 2016

    1,196      $ 10.03        4.36      $ —     

Vested and expected to vest at January 31, 2016

    1,900      $ 8.14        6.26      $ —     

Restricted Stock and Changes During Period

Restricted stock as of January 31, 2016 and changes during the fiscal year ended January 31, 2016 were as follows:

 

     Year Ended January 31, 2016  
     Number of
Shares
(in thousands)
     Weighted Average
Grant Date Fair
Value
 

Unvested, beginning of period

     66       $ 14.19   

Granted

     7         4.07   

Vested

     (41      14.22   

Canceled

     —           —     
  

 

 

    

Unvested, end of period

     32       $ 11.89