Stockholders' Equity (Tables)
|
12 Months Ended |
Jan. 31, 2018 |
Equity [Abstract] |
|
Effect of Recording Stock Based Compensation |
The effect of recording stock-based compensation was as follows:
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For the Fiscal Years Ended January 31,
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|
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2018
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|
|
2017
|
|
|
2016
|
|
|
|
(Amounts in thousands)
|
|
Stock-based compensation expense by type of award:
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|
|
|
|
|
|
|
|
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|
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Stock options
|
|
$
|
1,025
|
|
|
$
|
873
|
|
|
$
|
1,257
|
|
Restricted stock units
|
|
|
664
|
|
|
|
624
|
|
|
|
1,203
|
|
Deferred stock units
|
|
|
487
|
|
|
|
709
|
|
|
|
607
|
|
Performance-based restricted stock units
|
|
|
511
|
|
|
|
398
|
|
|
|
475
|
|
Employee stock purchase plan
|
|
|
9
|
|
|
|
17
|
|
|
|
10
|
|
Total stock-based compensation
|
|
$
|
2,696
|
|
|
$
|
2,621
|
|
|
$
|
3,552
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
Fair Value of Stock Options Granted |
The fair value of stock options granted was estimated at the date of grant using the following assumptions:
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For the Fiscal Years Ended January 31,
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2018
|
|
|
2017
|
|
|
2016
|
|
Expected term (in years)
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6-7
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|
6-7
|
|
|
6-7
|
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Expected volatility (range)
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39-46%
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40-45%
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40-45%
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Weighted average volatility
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41%
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42%
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42%
|
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Risk-free interest rate
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1.9-2.5%
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1.0-2.0%
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1.5-2.0%
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Weighted average interest rate
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2.4%
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1.1%
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1.6%
|
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Expected dividend yield
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0%
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0%
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0%
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Stock Option Activity |
The following table summarizes the Company’s stock option activity:
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For the Fiscal Years Ended January 31,
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2018
|
|
|
2017
|
|
|
2016
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|
|
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Shares
|
|
|
Weighted
average
exercise
price
|
|
|
Shares
|
|
|
Weighted
average
exercise
price
|
|
|
Shares
|
|
|
Weighted
average
exercise
price
|
|
Outstanding at beginning of period
|
|
|
2,141,567
|
|
|
$
|
4.70
|
|
|
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1,192,677
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|
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$
|
6.80
|
|
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1,626,421
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$
|
7.77
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Granted
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1,400,000
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$
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3.16
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|
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1,581,614
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$
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4.02
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|
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612,678
|
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$
|
6.44
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Exercised
|
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—
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$
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—
|
|
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—
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$
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—
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|
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|
(28,740
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)
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$
|
6.74
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Forfeited/expired/cancelled
|
|
|
(301,462
|
)
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$
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5.65
|
|
|
|
(632,724
|
)
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|
$
|
6.98
|
|
|
|
(1,017,682
|
)
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$
|
8.13
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Outstanding at end of period
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|
|
3,240,105
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|
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$
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3.94
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|
|
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2,141,567
|
|
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$
|
4.70
|
|
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1,192,677
|
|
|
$
|
6.80
|
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Options exercisable at end of period
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399,232
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$
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3.98
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|
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203,982
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$
|
6.28
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80,000
|
|
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$
|
6.83
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|
|
|
|
|
|
|
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Weighted average remaining contractual term (in years)
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8.00
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8.01
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8.10
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Summary of Information about Stock Options Outstanding and Exercisable |
The following table summarizes information about stock options outstanding and exercisable as of January 31, 2018:
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Options Outstanding
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Options Exercisable
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Number outstanding
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Weighted
average
remaining
contractual
terms
(years)
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|
Weighted
average
exercise
price
|
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Number
exercisable
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|
Weighted
average
exercise
price
|
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Range of exercise prices
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|
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$2.42 to $2.42
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413,797
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8.36
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$
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2.42
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133,517
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$
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2.42
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$2.60 to $2.64
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300,000
|
|
|
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4.20
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$
|
2.61
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18,750
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$
|
2.64
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$2.67 to $3.30
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260,000
|
|
|
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8.27
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$
|
2.98
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40,000
|
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$
|
3.13
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$3.33 to $3.33
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1,050,000
|
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10.00
|
|
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$
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3.33
|
|
|
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—
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|
$
|
—
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$3.41 to $3.41
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50,000
|
|
|
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8.27
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$
|
3.41
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12,500
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$
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3.41
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$3.50 to $3.50
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100,000
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|
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8.26
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$
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3.50
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25,000
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$
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3.50
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$3.77 to $3.77
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21,067
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1.25
|
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$
|
3.77
|
|
|
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14,046
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|
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$
|
3.77
|
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$3.83 to $3.83
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75,000
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|
|
|
8.21
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$
|
3.83
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18,750
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|
$
|
3.83
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$5.56 to $7.25
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800,000
|
|
|
|
7.97
|
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|
$
|
5.98
|
|
|
|
—
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|
|
$
|
—
|
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$6.05 to $6.05
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165,241
|
|
|
|
1.77
|
|
|
$
|
6.05
|
|
|
|
131,669
|
|
|
$
|
6.05
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|
$8.15 to $8.15
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|
5,000
|
|
|
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1.42
|
|
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$
|
8.15
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5,000
|
|
|
$
|
8.15
|
|
|
|
|
3,240,105
|
|
|
|
8.00
|
|
|
$
|
3.94
|
|
|
|
399,232
|
|
|
$
|
3.98
|
|
|
Summary of Stock Unit Activity |
The following table summarizes the stock unit activity:
|
|
For the Fiscal Years Ended January 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
|
|
|
|
|
|
Weighted
average
|
|
|
|
|
|
|
Weighted
average
|
|
|
|
|
|
|
Weighted
average
|
|
|
|
|
|
|
|
grant date
|
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|
|
|
|
|
grant date
|
|
|
|
|
|
|
grant date
|
|
|
|
Shares
|
|
|
fair value
|
|
|
Shares
|
|
|
fair value
|
|
|
Shares
|
|
|
fair value
|
|
Unvested at beginning of period
|
|
|
1,453,058
|
|
|
$
|
5.54
|
|
|
|
1,053,045
|
|
|
$
|
7.34
|
|
|
|
435,306
|
|
|
$
|
8.91
|
|
Awarded
|
|
|
796,304
|
|
|
$
|
3.07
|
|
|
|
837,927
|
|
|
$
|
3.07
|
|
|
|
904,344
|
|
|
$
|
6.46
|
|
Vested
|
|
|
(271,285
|
)
|
|
$
|
2.85
|
|
|
|
(208,474
|
)
|
|
$
|
3.46
|
|
|
|
(277,373
|
)
|
|
$
|
6.89
|
|
Forfeited/expired/cancelled
|
|
|
(53,187
|
)
|
|
$
|
5.71
|
|
|
|
(229,440
|
)
|
|
$
|
6.68
|
|
|
|
(9,232
|
)
|
|
$
|
8.42
|
|
Unvested at end of period
|
|
|
1,924,890
|
|
|
$
|
4.89
|
|
|
|
1,453,058
|
|
|
$
|
5.54
|
|
|
|
1,053,045
|
|
|
$
|
7.34
|
|
|