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Acquisition (Notes) | 12 Months Ended
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Jan. 31, 2017
Business Acquisition [Line Items] |
Acquisitions disclosures [Text Block] | Note 3 - Acquisition PPIH entered into a purchase agreement with its joint venture partner Aegion Corporation to acquire the remaining 51% ownership of Perma-Pipe Canada, Ltd. ("PPC"), a coating and insulation company in Camrose, Alberta, which acquisition closed on February 4, 2016. PPIH had owned a 49% interest in PPC since 2009, when the joint venture was formed with Aegion to serve the oil and gas industry in Western Canada. The purchase price was $13.1 million CAD ($9.6 million USD) in cash and debt at closing and is subject to certain post-closing adjustments. The accounting for this acquisition has been completed. The following table represents the allocation of the total consideration in the acquisition of PPC:
Total purchase consideration: |  |
Cash |  |  | $7,587 |
Loan payable |  | 2,000 |
Purchase consideration to third party |  | 9,587 |
Fair value of 49% previously held equity interest |  | 7,492 |
Total purchase consideration |  |  | $17,079 |
Fair value of net assets acquired: |  |
Cash and cash equivalents |  |  | $2,915 |
Property and equipment |  | 13,124 |
Goodwill |  | 2,279 |
Net working capital |  | 406 |
Other assets (liabilities) net |  | (1,645 | )
Net assets acquired |  |  | $17,079 |
The acquisition resulted in $2.3 million of goodwill. Goodwill is not deductible for income tax purposes. The Company incurred legal, professional and other costs related to this acquisition. These one-time costs of $0.2 million were recognized as general and administrative expenses. In the first quarter of 2016, the Company recognized a non-cash loss of $1.6 million, which represents the difference between the pre-existing book value interest in PPC immediately prior to the acquisition remeasured to its fair value upon the acquisition date.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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