XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.21.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2021
INCOME TAXES |
Schedule of deferred tax assets and liabilities |
|  | Years Ended January 31, |
|  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |
Inventories |  | $ | 902 |  |  | $ | 672 |
US tax loss carryforwards, including work opportunity credit* |  |  | 167 |  |  |  | 3,524 |
Accounts receivable and accrued rebates |  |  | 378 |  |  |  | 247 |
Accrued compensation and other |  |  | 302 |  |  |  | 179 |
India reserves - US deduction |  |  | 43 |  |  |  | 45 |
Equity based compensation |  |  | 535 |  |  |  | 171 |
Foreign tax credit carry-forward |  |  | 2,430 |  |  |  | 1,348 |
State and local carry-forwards |  |  | 805 |  |  |  | 990 |
Argentina timing difference |  |  | (28 | ) |  |  | 43 |
Depreciation and other |  |  | (52 | ) |  |  | 55 |
Amortization |  |  | (213 | ) |  |  | (206 | )
Brazil write-down |  |  | 220 |  |  |  | 220 |
Right-of-use asset |  |  | (239 | ) |  |  | 549 |
Operating lease liability |  |  | 241 |  |  |  | (550 | )
Deferred tax asset |  |  | 5,491 |  |  |  | 7,287 |
Less valuation allowance |  |  | (2,652 | ) |  |  | (1,348 | )
Net deferred tax asset |  | $ | 2,839 |  |  | $ | 5,939 |
Schedule of components of income tax expense (benefit) |
|  | Years Ended |
|  | January 31, |
Domestic and Foreign Pretax Income |  | 2021 |  |  | 2020 |
Domestic |  | $ | 8,414 |  |  | $ | 466 |
Foreign |  |  | 35,466 |  |  |  | 5,287 |
Total |  | $ | 43,880 |  |  | $ | 5,753 |
|  | Years Ended |
|  | January 31, |
|  | 2021 |  |  | 2020 |
Income Tax Expense |  |  |  |  |  |
Current: |  |  |  |  |  |
Federal |  | $ | 41 |  |  | $ | 16 |
State and other taxes |  |  | 54 |  |  |  | 38 |
Foreign |  |  | 5,408 |  |  |  | 1,090 |
Total Current Tax Expense |  | $ | 5,503 |  |  | $ | 1,144 |
Deferred: |  |  |  |  |  |  |  |
Domestic |  | $ | 3,271 |  |  | $ | 1,328 |
Total Income Taxes |  | $ | 8,774 |  |  | $ | 2,472 |
Schedule of effective income tax rate reconciliation |
|  | Years Ended January 31, |
|  | 2021 |  |  | 2020 |
Statutory rate |  |  | 21.00 | % |  |  | 21.00 | %
State Income Taxes, Net of Federal Tax Benefit |  |  | 0.90 |  |  |  | 4.47 |
Adjustment to Deferred |  |  | 0.29 |  |  |  | 0.70 |
GILTI |  |  | 4.43 |  |  |  | 17.96 |
Permanent Differences |  |  | (0.09 | ) |  |  | 2.47 |
Valuation Allowance-Deferred Tax Asset |  |  | 2.20 |  |  |  | — |
Foreign Tax Credit |  |  | (7.61 | ) |  |  | — |
Foreign Dividend & Subpart F |  |  | 2.14 |  |  |  | — |
Foreign Rate Differential |  |  | (4.01 | ) |  |  | (3.51 | )
Rate Change |  |  | ---- |  |  |  | 0.20 |
Other |  |  | 0.74 |  |  |  | (0.32 | )
Effective Rate |  |  | 19.99 | % |  |  | 42.97 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration