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Stock-Based Compensation and Stockholders' Rights (Tables)
12 Months Ended
Jan. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock and Stock Unit Award Activity
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