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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Jan. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly results
The Company’s quarterly results for the years ended January 31, 2018 and 2017, as adjusted, are summarized as follows (in thousands, except per share data):
 
Q1
 
Q2
 
Q3
 
Q4
Year ended January 31, 2018
 
 
 
 
 
 
 
Net sales
$
23,235

 
$
72,636

 
$
68,794

 
$
24,622

Gross profit
8,427

 
26,683

 
24,467

 
5,894

Net (loss) income***
(2,211
)
 
5,028

 
2,524

 
(8,550
)
Per common share
 
 
 
 
 
 
 
Net (loss) income*
 
 
 
 
 
 
 
Basic
$
(0.15
)
 
$
0.33

 
$
0.16

 
$
(0.56
)
Assuming dilution
(0.15
)
 
0.33

 
0.16

 
(0.56
)
Year ended January 31, 2017
 
 
 
 
 
 
 
Net sales
$
20,827

 
$
61,354

 
$
67,795

 
$
23,441

Gross profit
8,063

 
23,738

 
24,311

 
6,431

Net (loss) income**
(3,138
)
 
6,885

 
23,998

 
(4,985
)
Per common share
 
 
 
 
 
 
 
Net (loss) income*
 
 
 
 
 
 
 
Basic
$
(0.21
)
 
$
0.46

 
$
1.59

 
$
(0.33
)
Assuming dilution
(0.21
)
 
0.45

 
1.57

 
(0.33
)
 ______________________________

* Net loss per share was calculated based on basic shares outstanding due to the anti-dilutive effect on the inclusion of common stock equivalent shares.

** For fiscal quarter ended October 31, 2016, the Company released its valuation allowance against the deferred tax assets resulting in a benefit to income taxes of $17,962,000.

*** For fiscal quarter ended January 31, 2018, the Company's tax expense increased by $4,438,000 from the revaluation of deferred tax assets as a result of the reduction in the federal tax rate due to the Tax Cuts and Jobs Act (TCJA) enacted on December 22, 2017.