XML 54 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Stock-Based Compensation | 6 Months Ended
--- | ---
Jul. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-Based Compensation | NOTE 9 - STOCK-BASED COMPENSATION At July 31, 2014, there were 1,295,000 shares of the Company’s common stock reserved for issuance under its stock option plans, including approximately 352,000 shares of the Company’s common stock available for awards under the Company’s 2011 Stock Plan. A summary of activity under the Company’s stock option plans for the six months ended July 31, 2014 is presented below:
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract Term (Years) |  |  | Weighted Average Fair Value |
Outstanding, January 31, 2014 |  |  | 916,150 |  |  | $ | 17.36 |  |  |  | 6.04 |  |  | $ | 5.58 |
Granted |  |  | 180,500 |  |  | $ | 27.09 |  |  |  |  |  |  |  |  |
Exercised |  |  | (153,800 | ) |  | $ | 14.84 |  |  |  |  |  |  |  |  |
Outstanding, July 31, 2014 |  |  | 942,850 |  |  | $ | 19.63 |  |  |  | 6.65 |  |  | $ | 5.72 |
Exercisable, July 31, 2014 |  |  | 540,350 |  |  | $ | 15.67 |  |  |  | 5.92 |  |  | $ | 5.91 |
Exercisable, January 31, 2014 |  |  | 613,150 |  |  | $ | 15.40 |  |  |  | 5.09 |  |  | $ | 6.15 |
A summary of the change in the number of non-vested options to purchase shares of common stock for the six months ended July 31, 2014 is presented below:
|  | Shares |  |  | Weighted Average Fair Value |
Nonvested, January 31, 2014 |  |  | 303,000 |  |  | $ | 4.40 |
Granted |  |  | 180,500 |  |  | $ | 6.28 |
Vested |  |  | (81,000 | ) |  | $ | 3.30 |
Nonvested, July 31, 2014 |  |  | 402,500 |  |  | $ | 5.46 |
Compensation expense amounts related to stock options were $625,000 and $322,000 for the three months ended July 31, 2014 and 2013, respectively, and were $968,000 and $759,000 for the six months ended July 31, 2014 and 2013, respectively. At July 31, 2014, there was $1,055,000 in unrecognized compensation cost related to outstanding stock options. The Company expects to recognize the compensation expense for these awards within the next nine months. The total intrinsic values of the stock options exercised during the six months ended July 31, 2014 and 2013 were approximately $2,452,000 and $546,000, respectively. At July 31, 2014, the aggregate market values of the shares of common stock subject to outstanding and exercisable stock options exceeded the aggregate exercise prices of such options by approximately $13,451,000 and $9,849,000, respectively. The fair value of each stock option granted in the six-month period ended July 31, 2014 was estimated on the corresponding date of award using the Black-Scholes option-pricing model based on the following weighted average assumptions. No awards were made during the three months ended July 31, 2014.
|  | Six Months Ended July 31, 2014 |
Dividend yield |  |  | 2.77 | %
Expected volatility |  |  | 33.83 | %
Risk-free interest rate |  |  | 1.26 | %
Expected life in years |  |  | 4.81 |

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration