|
Income Taxes (Tables)
|
12 Months Ended |
|
Jan. 31, 2014
|
| Income Tax Disclosure [Abstract] |
|
| Components of Loss from Continuing Operations before Income Taxes |
The components of loss from continuing operations before income
taxes are as follows:
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| |
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For the Fiscal Years Ended
January 31, |
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| |
|
2014 |
|
|
2013 |
|
|
2012 |
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| |
|
(Amounts in
thousands) |
|
|
Domestic
|
|
$ |
(15,049 |
) |
|
$ |
(15,680 |
) |
|
$ |
(13,610 |
) |
|
Foreign
|
|
|
12,833 |
|
|
|
11,133 |
|
|
|
11,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(2,216 |
) |
|
$ |
(4,547 |
) |
|
$ |
(1,664 |
) |
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| Components of Income Tax Provision (Benefit) from Continuing Operations |
The components of the income tax provision (benefit) from
continuing operations are as follows:
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For the Fiscal Years Ended January 31,
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| |
|
2014
|
|
|
2013
|
|
|
2012
|
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| |
|
(Amounts in
thousands) |
|
|
Current:
|
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|
|
|
|
|
|
|
|
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|
|
|
Federal
|
|
$ |
11 |
|
|
$ |
— |
|
|
$ |
(3,428 |
) |
|
State
|
|
|
50 |
|
|
|
231 |
|
|
|
667 |
|
|
Foreign
|
|
|
692 |
|
|
|
(1,305 |
) |
|
|
1,177 |
|
|
|
|
|
|
|
|
|
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|
|
|
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Total
|
|
|
753 |
|
|
|
(1,074 |
) |
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|
(1,584 |
) |
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Deferred:
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|
|
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|
|
|
|
|
|
|
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Federal
|
|
|
— |
|
|
|
— |
|
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|
3,183 |
|
|
State
|
|
|
— |
|
|
|
(348 |
) |
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|
348 |
|
|
Foreign
|
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|
(698 |
) |
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|
(133 |
) |
|
|
(66 |
) |
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|
|
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Total
|
|
|
(698 |
) |
|
|
(481 |
) |
|
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3,465 |
|
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|
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Income tax provision (benefit)
|
|
$ |
55 |
|
|
$ |
(1,555 |
) |
|
$ |
1,881 |
|
|
|
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| Income Tax Provision (Benefit) for Continuing Operations Computed Using Federal Statutory Income Tax Rate |
The income tax provision (benefit) for continuing operations
computed using the federal statutory income tax rate differs from
our effective tax rate primarily due to the following:
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For the Fiscal Years Ended January 31,
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| |
|
2014
|
|
|
2013
|
|
|
2012
|
|
| |
|
(Amounts in
thousands) |
|
|
Statutory U.S. federal tax rate
|
|
$ |
(774 |
) |
|
$ |
(952 |
) |
|
$ |
(582 |
) |
|
State taxes, net of federal tax benefit
|
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|
33 |
|
|
|
81 |
|
|
|
660 |
|
|
Income (losses) not benefited
|
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|
316 |
|
|
|
(1,068 |
) |
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4,048 |
|
|
Non-deductible stock compensation expense
|
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|
15 |
|
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|
142 |
|
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(68 |
) |
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Other(1)
|
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|
694 |
|
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|
858 |
|
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|
957 |
|
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Research and development tax credits
|
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|
(224 |
) |
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— |
|
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|
(291 |
) |
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Innovation box
|
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|
260 |
|
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|
(779 |
) |
|
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— |
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Foreign tax rate differential
|
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|
(265 |
) |
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|
163 |
|
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(2,843 |
) |
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|
$ |
55 |
|
|
$ |
(1,555 |
) |
|
$ |
1,881 |
|
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| |
(1) |
Within the other line item in the
above table, other non-deductible expenses of $0.3 million,
$1.1 million and $0.8 million for the fiscal years ended
January 31, 2014, 2013 and 2012, respectively, have been aggregated
with various adjustments related to differences in prior year U.S.
and foreign tax provisions and the actual returns filed. |
|
| Components of Deferred Income Taxes |
The components of deferred income taxes are as follows:
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January 31, |
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| |
|
2014 |
|
|
2013 |
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| |
|
(Amounts in
thousands) |
|
|
Deferred tax assets:
|
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|
|
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Accruals and reserves
|
|
$ |
2,009 |
|
|
$ |
1,760 |
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Deferred revenue
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1,881 |
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2,894 |
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Stock-based compensation expense
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2,775 |
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2,607 |
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U.S. federal, state and foreign tax credits
|
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|
6,616 |
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5,133 |
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Loss carryforwards
|
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9,071 |
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|
9,561 |
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Property and equipment
|
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|
— |
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|
116 |
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Deferred tax assets
|
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|
22,352 |
|
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|
22,071 |
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Less: Valuation allowance
|
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(20,789 |
) |
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(19,965 |
) |
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Net deferred tax assets
|
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|
1,563 |
|
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|
2,106 |
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Deferred tax liabilities:
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Intangible assets
|
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|
2,823 |
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|
4,336 |
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Other
|
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|
74 |
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|
77 |
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Property and equipment
|
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|
283 |
|
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|
— |
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Total net deferred tax liabilities
|
|
$ |
(1,617 |
) |
|
$ |
(2,307 |
) |
|
|
| Reconciliation of Beginning and Ending Balance of Total Amounts of Gross Unrecognized Tax Benefits, Excluding Interest |
A reconciliation of the beginning and ending balance of the total
amounts of gross unrecognized tax benefits, excluding interest of
$0.4 million is as follows:
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|
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|
| |
|
For the Fiscal Years Ended January 31,
|
|
| |
|
2014
|
|
|
2013
|
|
| |
|
(Amounts in
thousands) |
|
|
Balance of gross unrecognized tax benefits, beginning of period
|
|
$ |
9,364 |
|
|
$ |
6,464 |
|
|
Gross amounts of increases in unrecognized tax benefits as a result
of tax positions taken in the current period
|
|
|
445 |
|
|
|
3,616 |
|
|
Decrease due to expiration of statute of limitation
|
|
|
(439 |
) |
|
|
(737 |
) |
|
Gross decrease in prior period positions
|
|
|
(3,379 |
) |
|
|
— |
|
|
Effect of currency translation
|
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|
44 |
|
|
|
21 |
|
|
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Balance of gross unrecognized tax benefits, end of period
|
|
$ |
6,035 |
|
|
$ |
9,364 |
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