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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

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,
	2015				2014				2013
Statutory	$	312			$	(929	)		$	(1,373	)
State taxes (net of federal tax)	144				(47		)		(124		)
Change in valuation allowance	(248		)		(253		)		1,480
State rate adjustment	(8		)		82				49
Change in unrecognized tax benefits	(19		)		(32		)		(246		)
Other	(112		)		176				5
Income tax expense (benefit)	$	69			$	(1,003	)		$	(209	)

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,
	2015				2014				2013
Current
Federal	$	—			$	1			$	—
State	35				(24		)		(275		)
	35				(23		)		(275		)
Deferred
Federal	232				(753		)		(1,192		)
State	48				23				(223		)
	280				(730		)		(1,415		)
Change in Valuation Allowance	(246		)		(250		)		1,481
	34				(980		)		66
Income tax expense (benefit)	$	69			$	(1,003	)		$	(209	)

Deferred tax assets and liabilities

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

	Year ended January 31,
	2015				2014
Deferred tax assets
Accrued vacation and sick leave	$	1,003			$	913
Retirement plans	10,887				8,960
Insurance reserves	830				956
Warranty	487				481
Net operating loss carryforwards	13,303				12,494
Intangibles	145				207
Inventory	1,472				1,590
Other	595				907
	$	28,722			$	26,508
Deferred tax liabilities
Tax in excess of book depreciation	$	(1,458	)		$	(1,407	)
Other	(85		)		(76		)
	$	(1,543	)		$	(1,483	)
Valuation allowance	(26,399		)		(24,210		)
Net deferred tax asset	$	780			$	815
Reported as:
Current deferred tax assets	$	156			$	203
Long-term deferred tax assets	624				611

Unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits from February 1, 2013 to January 31, 2015 (in thousands):

	January 31,
	2015				2014
Balances as of February 1,	$	52			$	106
Increases related to prior year tax positions	3				—
Decreases related to prior year tax positions	—				(9		)
Increases related to current year tax positions	6				5
Decreases relating to settlements with taxing authorities	—				(19		)
Decreases related to lapsing of statute of limitations	(25		)		(31		)
Balance as of January 31,	$	36			$	52

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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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