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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2021
Jan. 31, 2020
CURRENT ASSETS    
Cash and Cash Equivalents $ 11,439 $ 4,249
Accounts Receivable, net of reserves of $1,054 in 2021 and $856 in 2020 17,415 19,784
Inventories 30,060 33,925
Prepaid Expenses and Other Current Assets 1,807 2,193
Total Current Assets 60,721 60,151
Property, Plant and Equipment, net 12,011 11,268
Identifiable Intangibles, net 21,502 25,383
Goodwill 12,806 12,034
Deferred Tax Assets, net 5,941 5,079
Right of Use Asset 1,389 1,661
Other 1,103 1,088
TOTAL ASSETS 115,473 116,664
CURRENT LIABILITIES    
Accounts Payable 5,734 4,409
Accrued Compensation 2,852 2,700
Other Accrued Expenses 3,939 4,711
Revolving Credit Facility   6,500
Current Portion of Long-Term Debt 5,326 5,208
Current Liability—Royalty Obligation 2,000 2,000
Current Liability—Excess Royalty Payment Due 177 773
Income Taxes Payable 655  
Deferred Revenue 285 466
Total Current Liabilities 20,968 26,767
NON CURRENT LIABILITIES    
Long-Term Debt, net of current portion 7,109 7,715
Royalty Obligation, net of current portion 6,161 8,012
Long-Term Debt—PPP Loan 4,422  
Lease Liabilities, net of current portion 1,065 1,279
Income Taxes Payable 681 1,081
Deferred Tax Liabilities 384 435
TOTAL LIABILITIES 40,790 45,289
Commitments and Contingencies (See Note 21)
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 10,425,094 shares in 2021 and 10,343,610 shares in 2020 521 517
Additional Paid-in Capital 58,049 56,130
Retained Earnings 50,085 49,298
Treasury Stock, at Cost, 3,297,058 shares in 2021 and 3,281,701 shares in 2020 (33,588) (33,477)
Accumulated Other Comprehensive Loss, net of tax (384) (1,093)
TOTAL SHAREHOLDERS' EQUITY 74,683 71,375
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 115,473 $ 116,664