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Condensed Consolidated Balance Sheets (USD $)
Apr. 30, 2011
Jan. 31, 2011
ASSETS    
Cash and Cash Equivalents $ 8,165,166 $ 7,720,135
Securities Available for Sale 12,921,750 12,910,232
Accounts Receivable, net 11,091,702 11,111,974
Inventories 14,324,245 14,404,914
Deferred Tax Assets 2,570,488 2,577,166
Prepaid Expenses and Other Current Assets 1,051,564 975,928
Total Current Assets 50,124,915 49,700,349
PROPERTY, PLANT AND EQUIPMENT 38,786,123 38,148,516
Less Accumulated Depreciation (26,099,593) (25,606,561)
Property, Plant and Equipment, net 12,686,530 12,541,955
OTHER ASSETS    
Intangible Assets, net 313,472 331,389
Goodwill 2,336,721 2,336,721
Other 91,693 88,799
Total Other Assets 2,741,886 2,756,909
TOTAL ASSETS 65,553,331 64,999,213
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts Payable 2,778,987 2,748,293
Accrued Compensation 2,295,889 2,179,448
Other Accrued Expenses 1,855,944 1,750,515
Deferred Revenue 735,813 787,988
Income Taxes Payable 89,468 36,979
Total Current Liabilities 7,756,101 7,503,223
Deferred Tax Liabilities 2,073,648 2,060,418
Other Long Term Liabilities 1,146,978 1,146,978
TOTAL LIABILITIES 10,976,727 10,710,619
SHAREHOLDERS' EQUITY    
Common Stock, $.05 Par Value, Authorized 13,000,000 shares; Issued 8,760,598 and 8,660,270 shares at April 30, 2011 and January 31, 2011, respectively 438,034 433,017
Additional Paid-In Capital 36,978,345 36,586,226
Retained Earnings 26,764,299 26,842,890
Treasury Stock, at Cost, 1,470,710 and 1,414,981 shares at April 30, 2011 and January 31, 2011, respectively (10,261,921) (9,840,052)
Accumulated Other Comprehensive Income 657,847 266,513
Total Shareholders' Equity 54,576,604 54,288,594
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,553,331 $ 64,999,213