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Share-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense
Share-based compensation expense has been recognized as follows:
 
 
 
Years Ended January 31
 
 
 
    2021    
 
  
    2020    
 
  
    2019    
 
(In thousands)
 
 
 
  
 
 
  
 
 
Stock Options
   $ 517      $ 616      $ 783  
Restricted Stock Awards and Restricted Stock Units
     1,285        1,136        1,088  
Employee Stock Purchase Plan
     17        23        15  
    
 
 
    
 
 
    
 
 
 
Total
   $ 1,819      $ 1,775      $ 1,886  
    
 
 
    
 
 
    
 
 
 
Aggregated Information Regarding Stock Options Granted
Aggregated information regarding stock options granted under the plans is summarized below:
 
    
Number
of Shares
   
Weighted-
Average
Exercise
Price Per
Share
 
Options Outstanding, January 31, 2018
     745,270     $ 12.52  
Options Granted
     196,000       18.21  
Options Exercised
     (150,125     10.62  
Options Forfeited
     (16,300     15.10  
Options Cancelled
     (3,700     8.95  
    
 
 
   
 
 
 
Options Outstanding, January 31, 2019
     771,145     $ 14.30  
Options Granted
     —         —    
Options Exercised
     (57,175     11.60  
Options Forfeited
     (34,526     15.73  
Options Cancelled
     (400     6.22  
    
 
 
   
 
 
 
Options Outstanding, January 31, 2020
     679,044     $ 14.46  
Options Granted
     —         —    
Options Exercised
     (1,200     7.60  
Options Forfeited
     (54,361     12.89  
Options Cancelled
     (1,400     7.36  
    
 
 
   
 
 
 
Options Outstanding, January 31, 2021
     622,083     $ 14.63  
    
 
 
   
 
 
 
Summary of Options Outstanding
Set forth below is a summary of options outstanding at January 31, 2021:
 
Outstanding
 
  
Exercisable
 
Range of
Exercise prices
  
Number of
Shares
 
  
Weighted-
Average
Exercise Price
 
  
Weighted-
Average
Remaining
Contractual Life
 
  
Number of
Shares
 
  
Weighted-
Average
Exercise Price
 
  
Weighted
Average
Remaining
Contractual
Life
 
$5.00-10.00
     41,044      $ 7.97        1.3        41,044      $ 7.97        1.3  
$10.01-15.00
     359,314        13.63        4.9        326,741        13.65        4.7  
$15.01-20.00
     221,725        17.48            6.8        167,367        17.22        6.7  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
       622,083      $ 14.63            5.3        535,152      $ 14.33        5.1  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Aggregated Information Regarding RSUs and RSAs Granted
Aggregated information regarding RSUs and RSAs granted under the Plan is summarized below:
 
 
  
RSAs & RSUs
 
  
Weighted-Average
Grant Date Fair Value
 
Outstanding at January 31, 2018
  
 
177,347
 
  
$
13.99
 
Granted
  
 
108,790
 
  
 
17.85
 
Vested
  
 
(67,447
  
 
14.26
 
Forfeited
  
 
(85,023
  
 
14.17
 
 
  
 
 
 
  
 
 
 
Outstanding at January 31, 2019
     133,667      $ 16.90  
Granted
     119,522        19.86  
Vested
     (59,930      14.50  
Forfeited
     (58,625      19.00  
    
 
 
    
 
 
 
Outstanding at January 31, 2020
     134,634      $ 16.79  
    
 
 
    
 
 
 
Granted
     245,131        7.61  
Vested
     (64,997      17.28  
Forfeited
     (117,355      8.83  
    
 
 
    
 
 
 
Outstanding at January 31, 2021
     197,413      $ 9.96  
    
 
 
    
 
 
 
Summarized Plan Activity Summarized plan activity is as follows:
    
Years Ended January 31
 
    
    2021    
    
    2020    
    
    2019    
 
Shares Reserved, Beginning
     24,974        33,853        39,207  
Shares Purchased
     (14,600      (8,879      (5,354
    
 
 
    
 
 
    
 
 
 
Shares Reserved, Ending
     10,374        24,974        33,853