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Quarterly Results (Unaudited)
 12 Months Ended
Jan. 31, 2012
Quarterly Results (Unaudited) [Abstract]  
Quarterly Results (Unaudited)

12. Quarterly Results (Unaudited)

Fiscal year ended January 31, 2011 data has been modified to reflect our fourth quarter 2010 change in accounting principle for our method of accounting for inventory. The Company’s quarterly results for the years ended January 31, 2012 and 2011 as adjusted, are summarized as follows (in thousands, except per share data):

 

                                 
    Q1     Q2     Q3     Q4  

Year ended January 31, 2012

                                

Net sales

   $ 24,256     $ 62,817     $ 53,074     $ 26,294  

Gross profit

     6,778       19,882       16,041       5,457  

Net (loss) income

     (5,400 )      2,732       (3,299 )      (7,836 ) 

Per common share

                                

Net (loss) income (a)

                                

Basic

   $ (0.38 )    $ 0.19     $ (0.23 )    $ (0.55 ) 

Assuming dilution

     (0.38 )      0.19       (0.23 )      (0.55 ) 

Year ended January 31, 2011

                                

Net sales

   $ 24,860     $ 72,363     $ 60,779     $ 22,993  

Gross profit

     6,271       22,972       17,193       4,938  

Net (loss) income

     (5,081 )      4,037       154       (16,704 ) 

Per common share

                                

Net (loss) income (a)

                                

Basic

   $ (0.36 )    $ 0.28     $ 0.01     $ (1.18 ) 

Assuming dilution

     (0.36 )      0.28       0.01       (1.18 ) 

 

(a) Net loss per share was calculated based on basic shares outstanding due to the anti-dilutive effect on the inclusion of common stock equivalent shares.