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Contractual Obligations
 12 Months Ended
Jan. 31, 2012
Contractual Obligations [Abstract]  
Contractual Obligations

Note 9—Contractual Obligations

The following table summarizes our contractual obligations:

 

      Total      2013      2014      2015      2016      2017
and
Thereafter		  

Purchase Commitments*

    $ 8,746,353       $ 6,212,976       $ 1,533,377       $ 1,000,000         —           —     

Operating Lease Obligations

    $ 726,007       $ 335,145       $ 245,356       $ 110,688       $ 34,818         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 9,472,360       $ 6,548,121       $ 1,778,733       $ 1,110,688       $ 34,818       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

* Purchase commitments consists primarily of inventory and equipment purchase orders made in the ordinary course of business, including the purchase commitment agreement interest into with Buyer of the Asheboro operations as described in Note 2.

The Company incurred rent and lease expenses in the amount of $706,000 and $641,000 for the fiscal years 2012 and 2011, respectively.