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Stock-Based Compensation and Stockholders' Rights | 12 Months Ended
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Jan. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock Based Compensation and Stockholders' Rights | Stock-Based Compensation Stock Incentive Plans The Company's two stock plans are the 2011 Employee Stock Incentive Plan (the “2011 Plan”) and the 2007 Employee Incentive Stock Plan (the “2007 Plan”). Under the 2011 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 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. There were 504,404 awards granted and 259,284 awards were vested during fiscal 2018. As of January 31, 2018, there were approximately 303,832 shares available for future issuance under the 2011 Plan. 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 and the plan expired during fiscal 2018. Accounting for the Plans Restricted Stock Unit Awards The following table presents a summary of restricted stock and stock unit awards:
|  |  |  | Expense for 12 months ended |  | Unrecognized Compensation Cost at
Date of Grants | Units Granted | Terms of Vesting |  | 1/31/2018 |  | 1/31/2017 |  | 1/31/2016 |  | 1/31/2018
2011 Stock Incentive Plan |  |  |  |  |  |  |  |  |  |
06/20/2017 | 40,404 |  | 1 year |  | $ | 133,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 67,000 |
06/20/2017 | 464,000 |  | 5 years |  | 292,000 |  |  | — |  |  | — |  |  | 1,901,000 |
06/21/2016 | 51,284 |  | 1 year |  | 67,000 |  |  | 133,000 |  |  | — |  |  | — |
06/21/2016 | 36,000 |  | 3 years |  | 16,000 |  |  | 32,000 |  |  | — |  |  | — |
06/22/2015 | 48,000 |  | 4 years |  | 33,000 |  |  | 32,000 |  |  | 22,000 |  |  | 44,000 |
06/22/2015 | 27,174 |  | 1 year |  | — |  |  | 25,000 |  |  | 50,000 |  |  | — |
06/24/2014 | 490,000 |  | 5 years |  | 240,000 |  |  | 240,000 |  |  | 246,000 |  |  | 320,000 |
06/24/2014 | 28,626 |  | 5 years |  | — |  |  | — |  |  | 25,000 |  |  | — |
06/19/2012 | 520,000 |  | 5 years |  | 49,000 |  |  | 147,000 |  |  | 150,000 |  |  | — |
Totals for the period |  |  |  | $ | 830,000 |  |  | $ | 609,000 |  |  | $ | 493,000 |  |  | $ | 2,332,000 |
A summary of the Company’s restricted stock unit awards activity, and related information for the following years ended January 31, is as follows:
| 2018 |  | 2017 |  | 2016
| Restricted stock units |  | Weighted- average fair value of restricted stock units |  | Restricted stock units |  | Weighted- average fair value of restricted stock units |  | Restricted stock units |  | Weighted- average fair value of restricted stock units
Outstanding at beginning of year | 491,284 |  |  | $ | 2.46 |  |  | 657,174 |  |  | $ | 2.34 |  |  | 812,626 |  |  | $ | 2.24 |
Granted | 504,404 |  |  | 4.95 |  |  | 87,284 |  |  | 3.89 |  |  | 75,174 |  |  | 2.76 |
Vested | (259,284 | ) |  | 4.86 |  |  | (223,174 | ) |  | 4.04 |  |  | (212,626 | ) |  | 2.79 |
Forfeited | (44,000 | ) |  | 4.42 |  |  | (30,000 | ) |  | 2.61 |  |  | (18,000 | ) |  | 2.74 |
Outstanding at end of year | 692,404 |  |  | 4.25 |  |  | 491,284 |  |  | 2.46 |  |  | 657,174 |  |  | 2.34 |
Weighted-average fair value of restricted stock units granted during the year |  |  | 4.95 |  |  |  |  | 3.89 |  |  |  |  | 2.76 |
The aggregate fair value of restricted stock unit awards vested during fiscal years 2018, 2017, and 2016 was $1,260,120, $901,623 and $593,227, respectively.

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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 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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