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Stock-Based Compensation and Stockholders' Rights | 3 Months Ended
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Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock Based Compensation and Stockholders' Rights | Stock-Based Compensation and Stockholders’ Rights Stock Incentive Plans Under the 2011 Plan, the Company may grant an aggregate of 2,000,000 shares to its employees and non-employee directors in the form of stock options or awards. Restricted stock or stock units awarded under the 2011 Plan are expensed ratably over the vesting period of the awards. The Company determines the fair value of its restricted stock unit awards and related compensation expense as the difference between the market value of the awards on the date of grant less the exercise price of the awards granted. During fiscal 2017, the Company granted awards for 87,284 shares of restricted stock, and awards for 223,174 shares of restricted stock vested according to their terms. There were no additional awards granted or vested during the first quarter ended April 30, 2017. There were approximately 764,236 shares available for future issuance under the 2011 Plan as of April 30, 2017. Under the 2007 Plan, the Company may grant an aggregate of 1,000,000 shares to its employees and non-employee directors in the form of stock options or awards. Restricted stock or stock units awarded under the 2007 Plan are expensed ratably over the vesting period of the awards. The Company determines the fair value of its restricted stock unit awards and related compensation expense as the difference between the market value of the awards on the date of grant less the exercise price of the awards granted. The Company granted no awards during the first quarter ended April 30, 2017. As of April 30, 2017, there were approximately 13,075 shares available for future issuance under the 2007 Plan. On June 19, 2017, the 2007 Plan will terminate and no further awards may be made under the 2007 Plan. Accounting for the Plans Restricted Stock Unit Awards The following table presents a summary of restricted stock and stock unit awards at April 30, 2017 and 2016:
|  |  |  |  |  | Expense for 3 months ended |  |  | Unrecognized Compensation Cost at
Date of Grants |  | Units Granted |  | Terms of Vesting |  | 4/30/2017 |  | 4/30/2016 |  |  | 4/30/2017
2011 Stock Incentive Plan |  |  |  |  |  |  |  |  |  |  |
06/21/2016 |  | 51,284 |  | 1 year |  | $ | 50,000 |  |  | $ | — |  |  |  | $ | 16,000 |
06/21/2016 |  | 36,000 |  | 3 years |  | 12,000 |  |  | — |  |  |  | 96,000 |
06/22/2015 |  | 48,000 |  | 4 years |  | 8,000 |  |  | 8,000 |  |  |  | 70,000 |
06/22/2015 |  | 27,174 |  | 1 year |  | — |  |  | 19,000 |  |  |  | — |
06/24/2014 |  | 490,000 |  | 5 years |  | 60,000 |  |  | 60,000 |  |  |  | 500,000 |
06/24/2014 |  | 28,626 |  | 1 year |  | — |  |  | — |  |  |  | — |
06/19/2012 |  | 520,000 |  | 5 years |  | 37,000 |  |  | 37,000 |  |  |  | 13,000 |
Totals for the period |  |  |  |  |  | $ | 167,000 |  |  | $ | 124,000 |  |  |  | $ | 695,000 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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