Contractual Obligations

12 Months Ended

Jan. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Note 12—Contractual Obligations

The following table summarizes our contractual obligations:


	Total		2016		2017		2018		2019		2020 and Thereafter
(In thousands)
Purchase Commitments*	$	15,117	$	14,907	$	210	$	—	$	—	$	—
Operating Lease Obligations		688		255		225		136		72		—

	$	15,805	$	15,162	$	435	$	136	$	72	$	—

*	Purchase commitments consists primarily of inventory and equipment purchase orders made in the ordinary course of business.

The Company incurred rent and lease expenses in the amount of $614,000 and $599,000 for the fiscal years 2015 and 2014, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details