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Stock Option Plans (Tables)
12 Months Ended
Jan. 31, 2017
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,
     2017   2016   2015

Risk free interest rate

   1.34 - 1.55%   1.34 - 1.55%   1.63%

Expected life

   4.87 - 6.87 yrs   4.87 - 6.87 yrs   4.70 - 6.70 yrs

Expected volatility

   50 - 52%   50 - 52%   47%

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, 2017:

 


     Number of
Shares

(in thousands)
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining

Contractual
Term

(in years)
     Aggregate
Intrinsic
Value

(in thousands)
 

Outstanding, January 31, 2016

     1,958      $ 9.54        6.31      $ —    

Granted

     —          —          

Exercised

     —          —          

Forfeited

     —          —          

Expired

     177        12.23        
  

 

 

          

Outstanding, January 31, 2017

     1,781      $ 9.27        5.90      $ 778  
  

 

 

          

Exercisable at January 31, 2017

     1,314      $ 9.29        4.98      $ 283  

Vested and expected to vest at January 31, 2017

     1,765      $ 8.01        5.91      $ 754
Restricted Stock and Changes During Period

Restricted stock as of January 31, 2017 and changes during the fiscal year ended January 31, 2017 were as follows:

 

     Year Ended January 31, 2017  
     Number of
Shares
(in thousands)
     Weighted Average
Grant Date Fair
Value
 

Unvested, beginning of period

     32      $ 11.89  

Granted

     —          —    

Vested

     (20      13.03  

Canceled

     —          —    
  

 

 

    

 

 

 

Unvested, end of period

     12      $ 9.97