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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2014

Income Tax Disclosure [Abstract]

Components of Income from Continuing Operations before Income Taxes

The components of income from continuing operations before income taxes are as follows:

		Years Ended January 31,
		2014				2013
(In thousands)
Domestic		$	537			$	1,850
Foreign			875				1,035
		$	1,412			$	2,885

Components of Provision (Benefit) for Income Taxes from Continuing Operations

The components of the provision (benefit) for income taxes from continuing operations are as follows:

		Years Ended January 31,
		2014				2013
(In thousands)
Current:
Federal		$	930			$	425
State			179				(237	)
Foreign			297				366
			1,406				554
Deferred:
Federal			(1,044	)			253
State			(174	)			38
Foreign			(13	)			2
			(1,231	)			293
		$	175			$	847

Components of Difference Between Provision (Benefit) for Income Taxes from Continuing Operations and Amount Computed by Applying Statutory Federal Income Tax Rate

The provision (benefit) for income taxes from continuing operations differs from the amount computed by applying the statutory federal income tax rate of 34% in fiscal 2014 and 35% in fiscal 2013 to income before income taxes due to the following:

		Years Ended January 31,
		2014				2013
(In thousands)
Income tax provision at statutory rate		$	480			$	1,010
State taxes, net of federal tax effect			(74	)			114
Change in valuation allowance			27				(49	)
Change in reserves related to ASC 740 liability			(59	)			(197	)
Meals and entertainment			38				55
Domestic production deduction			(30	)			(60	)
Share-based compensation			36				26
Tax-exempt income			(22	)			(16	)
R&D credits			(114	)			(106	)
Foreign rate differential			(26	)			(22	)
Other permanent differences and miscellaneous, net			(81	)			92
		$	175			$	847

Tax Effects of Temporary Differences that gave Rise to Significant Portions of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities are as follows:

		January 31,
		2014				2013
(In thousands)
Deferred Tax Assets:
Inventory		$	1,792			$	1,258
Stock-Based Compensation			535				403
State R&D Credits			258				231
Compensation Accrual			493				349
ASC 740 Liability Federal Benefit			290				361
Deferred Service Contract Revenue			181				106
Warranty Reserve			137				135
Reserve for Doubtful Accounts			127				117
Foreign Tax Credit			213				—
Other			119				166
			4,145				3,126
Deferred Tax Liabilities:
Accumulated Tax Depreciation in Excess of Book Depreciation			830				532
Deferred Gain on Asset Held for Sale			897				—
Currency Translation Adjustment			173				189
Other			78				63
			1,978				784
Subtotal			2,167				2,342
Valuation Allowance			(258	)			(231	)
Net Deferred Tax Assets		$	1,909			$	2,111

Reconciliation of Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of unrecognized tax benefits, excluding interest and penalties follows:

		2014				2013
(In thousands)
Balance at February 1		$	941			$	780
Increases in prior period tax positions			31				16
Increases in current period tax positions			42				386
Reductions related to lapse of statute of limitations			(299	)			(241	)
Balance at January 31		$	715			$	941

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Publisher FASB

-Name Accounting Standards Codification

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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