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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2012
Jan. 31, 2012
ASSETS    
Cash and cash equivalents $ 5,551,735 $ 5,711,038
Accounts receivable, net of allowance for doubtful accounts of $239,600 at October 31, 2012 and $270,200 at January 31, 2012 15,597,842 12,576,362
Inventories, net of reserves of $1,901,000 at October 31, 2012 and $1,601,000 at January 31, 2012 41,237,295 45,668,355
Deferred income taxes 4,959,813 3,987,671
Assets of discontinued operation in India 1,990,063 1,998,570
Prepaid income and VAT tax 2,244,369 1,772,806
Other current assets 1,986,041 1,993,151
Total current assets 73,567,158 73,707,953
Property and equipment, net 14,139,625 13,914,826
Prepaid VAT and other taxes, noncurrent 2,432,526 2,791,107
Security deposits 1,381,259 1,330,679
Intangibles and other assets, net 3,931,311 4,527,335
Goodwill 5,529,163 6,132,954
Total assets 100,981,042 102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 7,360,507 4,600,437
Accrued compensation and benefits 1,738,756 1,304,818
Other accrued expenses 1,828,659 1,584,894
Liabilities of discontinued operation in India 19,651 64,780
Current maturity of long-term debt 100,240 860,451
Current maturity of arbitration settlement 1,760,346 0
Short-term borrowing 887,517 1,037,808
Term loans to TD Bank 5,815,000 0
Borrowings under revolving credit facility 9,558,882 0
Total current liabilities 29,069,558 9,453,188
Accrued Arbitration Award in Brazil (net of current maturities) 4,906,761 0
Borrowings under revolving credit facility 0 11,457,807
Other long-term debt 1,502,144 4,814,682
Other liabilities-accrued legal fees in Brazil 83,810 99,367
VAT taxes payable long-term 3,322,993 3,312,953
Total liabilities 38,885,266 29,137,997
Stockholders' equity:    
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued)   0
Common stock, $.01 par; authorized 10,000,000 shares, issued, 5,688,600 and 5,581,919 outstanding, 5,332,159 and 5,225,478 at October 31, 2012 and January 31, 2012 56,886 55,819
Treasury stock, at cost, 356,441 shares at October 31, 2012 and 356,441 at January 31, 2012 (3,352,291) (3,352,291)
Additional paid-in capital 50,993,939 50,772,594
Retained earnings 17,621,233 25,816,224
Accumulated other comprehensive loss (3,223,991) (25,489)
Total stockholders' equity 62,095,776 73,266,857
Total liabilities and stockholders' equity $ 100,981,042 $ 102,404,854