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INCOME TAXES (Details 2) (USD $) | Jan. 31, 2015 | Jan. 31, 2014
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Deferred tax assets: |  |  |  |
Inventories | $ 1,153,094 us-gaap_DeferredTaxAssetsInventory |  | $ 1,545,663 us-gaap_DeferredTaxAssetsInventory |
US tax loss carryforwards, including work opportunity credit | 11,931,395 us-gaap_DeferredTaxAssetsOperatingLossCarryforwards | [1] | 233,798 us-gaap_DeferredTaxAssetsOperatingLossCarryforwards | [1]
Accounts receivable and accrued rebates | 80,748 lake_DeferredTaxAssetsTaxDeferredExpenseAccountsReceivableAndAccruedRebates |  | 125,159 lake_DeferredTaxAssetsTaxDeferredExpenseAccountsReceivableAndAccruedRebates |
Accrued compensation and other | 137,860 us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits |  | 183,434 us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits |
India reserves - US deduction | 164,190 us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances |  | 613,200 us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances |
Equity based compensation | 573,966 us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost |  | 215,872 us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost |
Foreign tax credit carry-forward | 2,170,109 us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign |  | 1,243,519 us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsForeign |
State and local carry-forwards | 980,872 us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax |  | 145,528 us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax |
Depreciation and other | 146,657 us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves |  | 299,756 us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves |
Amortization | (148,516)lake_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAmortization |  | 0 lake_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAmortization |
Accrued interest on subordinated debt | 0 us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets |  | 101,349 us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets |
Deferred tax asset | 17,190,375 us-gaap_DeferredTaxAssetsGross |  | 4,707,278 us-gaap_DeferredTaxAssetsGross |
Less valuation allowance | 2,945,884 us-gaap_DeferredTaxAssetsValuationAllowance |  | 0 us-gaap_DeferredTaxAssetsValuationAllowance |
Net deferred tax asset - USA | 14,244,491 us-gaap_DeferredTaxAssetsNet |  | 4,707,278 us-gaap_DeferredTaxAssetsNet |
Shown on the accompanying balance sheet as follows: |  |  |  |
Current | 1,143,893 us-gaap_DeferredTaxAssetsNetCurrent |  | 4,707,278 us-gaap_DeferredTaxAssetsNetCurrent |
Non-current | $ 13,100,598 us-gaap_DeferredTaxAssetsNetNoncurrent |  | $ 0 us-gaap_DeferredTaxAssetsNetNoncurrent |
[1] | The federal net operating loss (“NOL”) that is left after FY15 will expire after 1/31/2035 (20 years from the generated date of 1/31/2015). The credits will begin to expire after 1/31/2030 (20 years from the 1st carryover year generated date of 1/31/2010) and will fully expire after 1/31/2033.

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