SPECIAL PURPOSE ENTITIES	12 Months Ended
Jan. 31, 2018
SPECIAL PURPOSE ENTITIES
SPECIAL PURPOSE ENTITIES	NOTE 4 — SPECIAL PURPOSE ENTITIES Construction Joint Ventures GPS assigned its engineering, procurement and construction service (“EPC”) contracts for two natural gas-fired power plants to two separate joint ventures that were formed in order to perform the work for the applicable project and to spread the bonding risk of each project. The joint venture partner for both projects is a large civil contracting firm. The corresponding joint venture agreements, as amended, provide that GPS has the majority interest in any profits, losses, assets and liabilities resulting from the performance of the EPC contracts. Final completion of the two projects, as defined by each EPC contract, was achieved in December 2016 and October 2016, respectively. GPS has no significant commitments under these arrangements beyond the provision of services under the related warranty obligations. Due to the financial control by GPS, the accounts of the joint ventures have been included in the Company’s consolidated financial statements since the commencement of activities under the two EPC contracts. The shares of the profits of the joint ventures have been determined based on the percentages by which the Company believes profits will ultimately be shared by the joint venture partners. Variable Interest Entities The Company was deemed to be the primary beneficiary of a variable interest entity (a “VIE”) that substantially completed its natural gas-fired power plant project development efforts during the fiscal year ended January 31, 2016, and the sponsor of the VIE sold a substantial portion of its ownership interest to an investor soon thereafter. Accordingly, the VIE was deconsolidated which resulted in a pre-tax gain for the Company that was not material. GPS made development loans to the VIE that totaled $4.3 million. Such loans earned interest based on an annual rate of 20%. In November 2015, GPS received repayment of its development loans in full and $0.6 million in accrued interest, a development success fee in the amount of $4.3 million and a full notice-to-proceed with activities pursuant to the corresponding EPC contract. As of January 31, 2018, the Company was also deemed to be the primary beneficiary of a VIE that is in the early stages of development efforts for the construction of a new natural gas-fired power plant. Consideration for the Company’s engineering and financial support includes the Company’s receipt of the right to negotiate the corresponding turnkey EPC contract for the project on an exclusive basis. Although the account balances of the VIE were not material, they were included in the consolidated financial statements as of January 31, 2018.

NOTE 4 — SPECIAL PURPOSE ENTITIES

Construction Joint Ventures

GPS assigned its engineering, procurement and construction service (“EPC”) contracts for two natural gas-fired power plants to two separate joint ventures that were formed in order to perform the work for the applicable project and to spread the bonding risk of each project. The joint venture partner for both projects is a large civil contracting firm. The corresponding joint venture agreements, as amended, provide that GPS has the majority interest in any profits, losses, assets and liabilities resulting from the performance of the EPC contracts. Final completion of the two projects, as defined by each EPC contract, was achieved in December 2016 and October 2016, respectively. GPS has no significant commitments under these arrangements beyond the provision of services under the related warranty obligations.

Due to the financial control by GPS, the accounts of the joint ventures have been included in the Company’s consolidated financial statements since the commencement of activities under the two EPC contracts. The shares of the profits of the joint ventures have been determined based on the percentages by which the Company believes profits will ultimately be shared by the joint venture partners.

Variable Interest Entities

The Company was deemed to be the primary beneficiary of a variable interest entity (a “VIE”) that substantially completed its natural gas-fired power plant project development efforts during the fiscal year ended January 31, 2016, and the sponsor of the VIE sold a substantial portion of its ownership interest to an investor soon thereafter. Accordingly, the VIE was deconsolidated which resulted in a pre-tax gain for the Company that was not material. GPS made development loans to the VIE that totaled $4.3 million. Such loans earned interest based on an annual rate of 20%. In November 2015, GPS received repayment of its development loans in full and $0.6 million in accrued interest, a development success fee in the amount of $4.3 million and a full notice-to-proceed with activities pursuant to the corresponding EPC contract.

As of January 31, 2018, the Company was also deemed to be the primary beneficiary of a VIE that is in the early stages of development efforts for the construction of a new natural gas-fired power plant. Consideration for the Company’s engineering and financial support includes the Company’s receipt of the right to negotiate the corresponding turnkey EPC contract for the project on an exclusive basis. Although the account balances of the VIE were not material, they were included in the consolidated financial statements as of January 31, 2018.