Commitments and Contingencies

12 Months Ended

Jan. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Note 18—Commitments and Contingencies

Contractual Obligations

The following table summarizes our contractual obligations:


(In thousands)	Total		2018		2019		2020		2021		2022 and Thereafter
Purchase Commitments*	$	19,271	$	17,848	$	—	$	1,352	$	—	$	71
Operating Lease Obligations		706		371		214		101		20		—

	$	19,977	$	18,219	$	214	$	1,453	$	20	$	71

*Purchase

commitments consist primarily of inventory and equipment purchase orders made in the ordinary course of business.

The Company is also subject to contingencies, including legal proceedings and claims arising in the normal course of business that cover a wide range of matters including, among others, contract and employment claims; workers compensation claims; product liability; warranty and modification; and adjustment or replacement of component parts of units sold.

Direct costs associated with the estimated resolution of contingencies are accrued at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. While it is impossible to ascertain the ultimate legal and financial liability with respect to contingent liabilities, including lawsuits, the Company believes that the aggregate amount of such liabilities, if any, in excess of amounts provided or covered by insurance, will not have a material adverse effect on the consolidated financial position or results of operations. It is possible, however, that future results of operations for any particular future period could be materially affected by changes in our assumptions or strategies related to these contingencies or changes out of the Company’s control.