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Income Taxes (Tables) | 12 Months Ended
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Jan. 31, 2021
Income Tax Disclosure [Abstract] |
Components of Income before Income Taxes | The components of income (loss) before income taxes are as follows:
|  | January 31 |
|  | 2021 |  |  | 2020 |  |  | 2019 |
(In thousands) |  |  |  |  |  |  |  |  |
Domestic |  | $ | (1,193 | ) |  | $ | 1,930 |  |  | $ | 6,859 |
Foreign |  |  | 3,372 |  |  |  | (560 | ) |  |  | 449 |
|  | $ | 2,179 |  |  | $ | 1,370 |  |  | $ | 7,308 |
Components of Provision for Income Taxes | The components of the provision/(benefit) for income taxes are as follows:
|  | January 31 |
|  | 2021 |  |  | 2020 |  |  | 2019 |
(In thousands) |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 1,272 |  |  | $ | 660 |  |  | $ | 1,807 |
State |  |  | 224 |  |  |  | 221 |  |  |  | 457 |
Foreign |  |  | 420 |  |  |  | 368 |  |  |  | 952 |
|  |  | 1,916 |  |  |  | 1,249 |  |  |  | 3,216 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (910 | ) |  | $ | (1,364 | ) |  | $ | (843 | )
State |  |  | (189 | ) |  |  | (282 | ) |  |  | (170 | )
Foreign |  |  | 78 |  |  |  | 8 |  |  |  | (625 | )
|  |  | (1,021 | ) |  |  | (1,638 | ) |  |  | (1,638 | )
|  | $ | 895 |  |  | $ | (389 | ) |  | $ | 1,578 |
Reconciliation of income tax provision/(benefit) With The Amount Computed By Applying The Statutory Federal Income Tax Rate To The Income Before Income Tax Provision/(benefit) | Total income tax provision/(benefit) differs from the expected tax provision/(benefit) as a result of the following:
|  | January 31 |
|  | 2021 |  |  | 2020 |  |  | 2019 |
(In thousands) |  |  |  |  |  |  |  |  |
Income Tax Provision at Statutory Rate |  | $ | 458 |  |  | $ | 288 |  |  | $ | 1,534 |
Denmark Statutory Audit |  |  | 341 |  |  |  | — |  |  |  | — |
Foreign Rate Deferential |  |  | 197 |  |  |  | 315 |  |  |  | 558 |
Share Based Compensation |  |  | 171 |  |  |  | (145 | ) |  |  | (127 | )
Canada Withholding Taxes |  |  | 62 |  |  |  | — |  |  |  | — |
State Taxes, Net of Federal Tax Effect |  |  | 28 |  |  |  | (48 | ) |  |  | 226 |
Global Intangible Low Taxed Incom e |  |  | 14 |  |  |  | 107 |  |  |  | — |
Meals and Entertainment |  |  | 11 |  |  |  | 31 |  |  |  | 56 |
U.S. Corporate Rate Change |  |  | — |  |  |  | — |  |  |  | 52 |
Transition Tax on Repatriated Earnings |  |  | — |  |  |  | — |  |  |  | 14 |
Return to Provision Adjustment |  |  | (2 | ) |  |  | (207 | ) |  |  | 58 |
Change in Reserves Related to ASC 740 Liability |  |  | (10 | ) |  |  | (352 | ) |  |  | (34 | )
Change in Valuation Allowance |  |  | (81 | ) |  |  | 256 |  |  |  | — |
R&D Credits |  |  | (157 | ) |  |  | (209 | ) |  |  | (218 | )
Foreign Derived Intangible Income |  |  | (150 | ) |  |  | (107 | ) |  |  | (53 | )
Foreign Tax Credits |  |  | — |  |  |  | (344 | ) |  |  | (477 | )
Other |  |  | 13 |  |  |  | 26 |  |  |  | (11 | )
|  | $ | 895 |  |  | $ | (389 | ) |  | $ | 1,578 |
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 |
|  | 2021 |  |  | 2020 |
(In thousands) |  |  |  |  |  |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Inventory |  | $ | 2,700 |  |  | $ | 2,094 |
Honeywell Royalty Liability |  |  | 2,590 |  |  |  | 2,583 |
State R&D Credits |  |  | 1,546 |  |  |  | 1,496 |
Share-Based Compensation |  |  | 600 |  |  |  | 582 |
Bad Debt |  |  | 245 |  |  |  | 165 |
Warranty Reserve |  |  | 176 |  |  |  | 205 |
Compensation Accrual |  |  | 159 |  |  |  | 159 |
Net Operating Loss |  |  | 154 |  |  |  | 443 |
ASU 842 Adjustment—Lease Liability |  |  | 125 |  |  |  | — |
Unrecognized State Tax Benefits |  |  | 101 |  |  |  | 116 |
Foreign Tax Credit |  |  | 83 |  |  |  | 113 |
Deferred Service Contract Revenue |  |  | 68 |  |  |  | 111 |
Other |  |  | 308 |  |  |  | 295 |
|  |  | 8,855 |  |  |  | 8,362 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Accumulated Tax Depreciation in Excess of Book Depreciation |  |  | 752 |  |  |  | 1,002 |
Intangibles |  |  | 399 |  |  |  | 776 |
ASU 842 Adjustment – Lease Liability |  |  | 119 |  |  |  | — |
Other |  |  | 307 |  |  |  | 188 |
|  |  | 1,577 |  |  |  | 1,966 |
Subtotal |  |  | 7,278 |  |  |  | 6,396 |
Valuation Allowance |  |  | (1,721 | ) |  |  | (1,752 | )
Net Deferred Tax Assets |  | $ | 5,557 |  |  | $ | 4,644 |
Changes in Balance of Unrecognized Tax Benefits, Excluding Interest and Penalties |
|  | 2021 |  |  | 2020 |  |  | 2019 |
(In thousands) |  |  |  |  |  |  |  |  |
Balance at February 1 |  | $ | 362 |  |  | $ | 618 |  |  | $ | 665 |
Increases in prior period tax position s |  |  | 59 |  |  |  | — |  |  |  | — |
Increases in current period tax positions |  |  | 5 |  |  |  | 2 |  |  |  | 7 |
Reductions related to lapse of statutes of limitations |  |  | (42 | ) |  |  | (26 | ) |  |  | (54 | )
Reductions related to settlement with tax authorities |  |  | — |  |  |  | (232 | ) |  |  | — |
Balance at January 31 |  | $ | 384 |  |  | $ | 362 |  |  | $ | 618 |

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