Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.1.9
Income Taxes (Tables)
12 Months Ended
Jan. 31, 2015
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:

 

     For the Fiscal Years Ended January 31,  
     2015      2014      2013  
     (Amounts in thousands)  

Domestic

   $ (25,920    $ (15,049    $ (15,680

Foreign

     (2,694      12,833         11,133   
  

 

 

    

 

 

    

 

 

 
$ (28,614 $ (2,216 $ (4,547
  

 

 

    

 

 

    

 

 

 
Components of Income Tax (Benefit) Provision from Continuing Operations

The components of the income tax (benefit) provision from continuing operations are as follows:

 

     For the Fiscal Years Ended January 31,  
         2015              2014              2013      
     (Amounts in thousands)  

Current:

        

Federal

   $         —         $       11       $ —     

State

     (762      50               231   

Foreign

     24         692         (1,305
  

 

 

    

 

 

    

 

 

 

Total

  (738   753      (1,074
  

 

 

    

 

 

    

 

 

 

Deferred:

Federal

  —        —        —     

State

  —        —        (348

Foreign

  (368   (698   (133
  

 

 

    

 

 

    

 

 

 

Total

  (368   (698   (481
  

 

 

    

 

 

    

 

 

 

Income tax (benefit) provision

$ (1,106 $ 55    $ (1,555
  

 

 

    

 

 

    

 

 

 
Income Tax (Benefit) Provision for Continuing Operations Computed Using Federal Statutory Income Tax Rate

The income tax (benefit) provision for continuing operations computed using the federal statutory income tax rate differs from our effective tax rate primarily due to the following:

 

     For the Fiscal Years Ended January 31,  
         2015              2014              2013      
     (Amounts in thousands)  

Statutory U.S. federal tax rate

   $ (10,014    $ (774    $ (952

State taxes, net of federal tax benefit

     (779      33         81   

Income (losses) not benefitted

     8,913         92         (1,068

Non-deductible stock compensation expense

     —           15               142   

Other(1)

     (74      694         858   

Innovation box

     (68            260         (779

Foreign tax rate differential

     916         (265      163   
  

 

 

    

 

 

    

 

 

 
$ (1,106 $ 55    $ (1,555
  

 

 

    

 

 

    

 

 

 

 

(1) Within the other line item in the table above, other non-deductible expenses were not material in fiscal 2015 and were $0.3 million and $1.1 million for the fiscal years ended January 31, 2014 and 2013, respectively. These expenses 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:

 

     January 31,  
     2015     2014  
     (Amounts in thousands)  

Deferred tax assets:

    

Accruals and reserves

   $ 1,783      $ 2,009   

Deferred revenue

     761        1,881   

Stock-based compensation expense

     3,005        2,775   

U.S. federal, state and foreign tax credits

     7,670        6,616   

Loss carryforwards

     18,298        9,071   
  

 

 

   

 

 

 

Deferred tax assets

  31,517      22,352   

Less: Valuation allowance

  (30,369   (20,789
  

 

 

   

 

 

 

Net deferred tax assets

  1,148      1,563   

Deferred tax liabilities:

Intangible assets

  1,267      2,823   

Other

  74      74   

Property and equipment

  869      283   
  

 

 

   

 

 

 

Total net deferred tax liabilities

$ (1,062 $ (1,617
  

 

 

   

 

 

 

Reconciliation of Beginning and Ending Balance of Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balance of the total amounts of gross unrecognized tax benefits is as follows:

 

     For the Fiscal Years Ended January 31,  
             2015                      2014          
     (Amounts in thousands)  

Balance of gross unrecognized tax benefits, beginning of period

   $ 6,035       $ 9,364   

Gross amounts of increases in unrecognized tax benefits as a result of tax positions taken in the current period

     96         445   

Decrease due to expiration of statute of limitation

     (275      (439

Gross decrease in prior period positions

     —           (3,379

Effect of currency translation

     (329      44   
  

 

 

    

 

 

 

Balance of gross unrecognized tax benefits, end of period

$ 5,527    $ 6,035