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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2014

Income Tax Disclosure [Abstract]

Income tax expense (benefit) reconciled to statutory rate

The income tax expense (benefit) for the last three years is reconciled to the statutory federal income tax rate using the liability method as follows (in thousands):

	Year ended January 31,
	2014				2013				2012
Statutory	$	(929	)		$	(1,373	)		$	(4,674	)
State taxes (net of federal tax)	(47		)		(124		)		(799		)
Change in valuation allowance	(253		)		1,480				6,043
State rate adjustment	82				49				(288		)
Change in unrecognized tax benefits	(32		)		(246		)		(164		)
Other	176				5				(63		)
	$	(1,003	)		$	(209	)		$	55

Significant components of expense (benefit)

Significant components of the expense (benefit) for income taxes (in thousands) attributed to continuing operations are as follows:

	Year ended January 31,
	2014				2013				2012
Current
Federal	$	1			$	—			$	—
State	(24		)		(275		)		(173		)
	(23		)		(275		)		(173		)
Deferred
Federal	(753		)		(1,192		)		(4,581		)
State	23				(223		)		(1,235		)
	(730		)		(1,415		)		(5,816		)
Change in Valuation Allowance	(250		)		1,481				6,044
	(980		)		66				228
	$	(1,003	)		$	(209	)		$	55

Deferred tax assets and liabilities

Deferred tax assets and liabilities (in thousands) are comprised of the following:

	Year ended January 31,
	2014				2013
Deferred tax assets
Accrued vacation and sick leave	$	913			$	830
Retirement plans	8,960				10,343
Insurance reserves	956				1,193
Warranty	481				451
Net operating loss carryforwards	12,494				12,072
Intangibles	207				272
Inventory	1,590				723
Other	907				1,250
	$	26,508			$	27,134
Deferred tax liabilities
Tax in excess of book depreciation	$	(1,407	)		$	(1,540	)
Other	(76		)		(81		)
	$	(1,483	)		$	(1,621	)
Valuation allowance	(24,210		)		(24,601		)
Net deferred tax asset	$	815			$	912
Reported as:
Current deferred tax assets	$	203			$	—
Current deferred tax liabilities	$	—			$	(572	)
Long-term deferred tax assets	611				1,484

Unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits from February 1, 2012 to January 31, 2014 (in thousands):

	January 31,
	2014				2013
Balances as of February 1,	$	106			$	271
Increases related to prior year tax positions	—				56
Decreases related to prior year tax positions	(9		)		—
Increases related to current year tax positions	5				8
Decreases relating to settlements with taxing authorities	(19		)		—
Decreases related to lapsing of statute of limitations	(31		)		(229		)
Balance as of January 31,	$	52			$	106

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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