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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2020
Jan. 31, 2019
CURRENT ASSETS    
Cash and Cash Equivalents $ 4,249 $ 7,534
Accounts Receivable, net of reserves of $856 in 2020 and $521 in 2019 19,784 23,486
Inventories 33,925 30,161
Prepaid Expenses and Other Current Assets 2,193 1,427
Total Current Assets 60,151 62,608
Property, Plant and Equipment, net 11,268 10,380
Identifiable Intangibles, net 25,383 29,674
Goodwill 12,034 12,329
Deferred Tax Assets, net 5,079 2,928
Right of Use Asset 1,661  
Other 1,088 1,064
TOTAL ASSETS 116,664 118,983
CURRENT LIABILITIES    
Accounts Payable 4,409 5,956
Accrued Compensation 2,700 5,023
Other Accrued Expenses 4,711 2,911
Revolving Credit Facility 6,500 1,500
Current Portion of Long-Term Debt 5,208 5,208
Current Liability — Royalty Obligation 2,000 1,875
Current Liability — Excess Royalty Payment Due 773 1,265
Deferred Revenue 466 373
Income Taxes Payable   554
Total Current Liabilities 26,767 24,665
NON CURRENT LIABILITIES    
Long-Term Debt, net of current portion 7,715 12,870
Royalty Obligation, net of current portion 8,012 9,916
Lease Liabilities, net of current portion 1,279  
Deferred Tax Liabilities 435 40
Other Long-Term Liabilities 1,081 1,717
TOTAL LIABILITIES 45,289 49,208
Commitments and Contingencies (See Note 19)
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,343,610 shares in 2020 and 10,218,559 shares in 2019 517 511
Additional Paid-in Capital 56,130 53,568
Retained Earnings 49,298 49,511
Treasury Stock, at Cost, 3,281,701 shares in 2020 and 3,261,672 shares in 2019 (33,477) (32,997)
Accumulated Other Comprehensive Loss, net of tax (1,093) (818)
TOTAL SHAREHOLDERS' EQUITY 71,375 69,775
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 116,664 $ 118,983