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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2020
Jan. 31, 2020
CURRENT ASSETS    
Cash and Cash Equivalents $ 9,603 $ 4,249
Accounts Receivable, net 15,662 19,784
Inventories, net 30,868 33,925
Prepaid Expenses and Other Current Assets 2,769 2,193
Total Current Assets 58,902 60,151
Property, Plant and Equipment, net 11,944 11,268
Intangible Assets, net 22,413 25,383
Goodwill 12,466 12,034
Deferred Tax Assets 5,099 5,079
Right of Use Assets 1,436 1,661
Other Assets 1,049 1,088
TOTAL ASSETS 113,309 116,664
CURRENT LIABILITIES    
Accounts Payable 4,825 4,409
Accrued Compensation 2,749 2,700
Other Liabilities and Accrued Expenses 3,481 4,711
Current Portion of Long-Term Debt 4,984 5,208
Revolving Credit Facility   6,500
Current Liability – Royalty Obligation 2,000 2,000
Current Liability – Excess Royalty Payment Due 147 773
Deferred Revenue 313 466
Total Current Liabilities 18,499 26,767
Long-Term Debt, net of current portion 8,488 7,715
Royalty Obligation, net of current portion 6,624 8,012
Long-Term Debt – PPP Loan 4,422  
Lease Liabilities, net of current portion 1,105 1,279
Other Long-Term Liabilities 657 1,081
Deferred Tax Liabilities 476 435
TOTAL LIABILITIES 40,271 45,289
SHAREHOLDERS' EQUITY    
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,416,724 shares and 10,343,610 shares at October 31, 2020 and January 31, 2020, respectively 521 517
Additional Paid-in Capital 57,894 56,130
Retained Earnings 49,248 49,298
Treasury Stock, at Cost, 3,295,188 and 3,281,701 shares at October 31, 2020 and January 31, 2020, respectively (33,568) (33,477)
Accumulated Other Comprehensive Loss, net of tax (1,057) (1,093)
TOTAL SHAREHOLDERS' EQUITY 73,038 71,375
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 113,309 $ 116,664