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INCOME TAXES (Tables) | 12 Months Ended
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Jan. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of components of income tax expense (benefit) |
Domestic and Foreign Pretax Income (Loss) |  | FY19 |  |  | FY18 |
Domestic |  | $ | (1,116 | ) |  | $ | 7,480 |
Foreign |  |  | 4,597 |  |  |  | 863 |
Total |  | $ | 3,481 |  |  | $ | 8,343 |
Income Tax Expense (Benefit) |  | FY19 |  |  | FY18 |
Current: |  |  |  |  |  |
Federal |  | $ | 45 |  |  | $ | 600 |
State and other taxes |  |  | 20 |  |  |  | 20 |
Foreign |  |  | 1,667 |  |  |  | 1,325 |
|  | $ | 1,732 |  |  | $ | 1,945 |
Deferred: |  |  |  |  |  |  |  |
Domestic |  | $ | 290 |  |  | $ | 5,955 |
Valuation allowance-deferred tax asset |  |  | ----- |  |  |  | 3 |
Foreign |  |  | ----- |  |  |  | ----- |
|  |  | 290 |  |  |  | 5,958 |
Total |  | $ | 2,022 |  |  | $ | 7,903 |
Schedule of effective income tax rate reconciliation |
| 2019 | 2018
Statutory rate | 21.00% | 33.81%
State Income Taxes, Net of Federal Tax Benefit | 6.89 | 2.27
Adjustment to Deferred | (0.92) | -----
Foreign Dividend and Subpart F Income | ----- | (17.19)
Transition Tax (net of FTC from Transition Tax) | ----- | 26.53
Argentina Flow Through Loss | 1.37 | 0.38
GILTI | 16.85 | -----
Permanent Differences | 0.63 | (1.32)
Valuation Allowance-Deferred Tax Asset | (24.46) | 0.34
Foreign Tax Credit | 24.46 |
Foreign Rate Differential | 20.16 |
Rate Change | (5.63) | 47.17
Other | (2.25) | 2.74
Effective Rate | 58.09% | 94.73%
Schedule of deferred tax assets and liabilities |
| 2019 | 2018
Deferred tax assets: |  |
Inventories | $849 | $866
US tax loss carryforwards, including work opportunity credit* | 4,290 | 4,411
Accounts receivable and accrued rebates | 233 | 242
Accrued compensation and other | 314 | 190
India reserves - US deduction | 46 | 19
Equity based compensation | 299 | 126
Foreign tax credit carry-forward | 1,348 | 2,199
State and local carry-forwards | 1,116 | 1,017
Argentina timing difference | 32 | 37
Depreciation and other | 59 | 90
Amortization | (193) | (174)
Brazil write-down | 222 | 181
Allowance for Note Receivable - Brazil | ----- | 552
Deferred tax asset | 8,615 | 9,756
Less valuation allowance | 1,348 | 2,199
Net deferred tax asset | $7,267 | $7,557

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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