Income Taxes (Tables)
|
12 Months Ended |
Jan. 31, 2018 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Components of Income (Loss) from Operations before Income Taxes |
The components of income (loss) from operations before income taxes are as follows:
|
|
|
For the Fiscal Years Ended January 31,
|
|
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
|
|
|
(Amounts in thousands)
|
|
|
Domestic
|
|
$
|
(16,158
|
)
|
|
$
|
(40,452
|
)
|
|
$
|
(38,709
|
)
|
|
Foreign
|
|
|
17,384
|
|
|
|
(16,166
|
)
|
|
|
(10,044
|
)
|
|
Income (loss) from operations before income taxes
|
|
$
|
1,226
|
|
|
$
|
(56,618
|
)
|
|
$
|
(48,753
|
)
|
|
| Components of Income Tax (Benefit) Provision from Operations |
The components of the income tax (benefit) provision from operations are as follows:
|
|
|
For the Fiscal Years Ended January 31,
|
|
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
|
|
|
(Amounts in thousands)
|
|
|
Current:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal
|
|
$
|
(595
|
)
|
|
$
|
—
|
|
|
$
|
—
|
|
|
State
|
|
|
(18
|
)
|
|
|
50
|
|
|
|
50
|
|
|
Foreign
|
|
|
2,473
|
|
|
|
(94
|
)
|
|
|
(49
|
)
|
|
Total
|
|
|
1,860
|
|
|
|
(44
|
)
|
|
|
1
|
|
|
Deferred:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign
|
|
|
(14,132
|
)
|
|
|
14,675
|
|
|
|
(1,030
|
)
|
|
Total
|
|
|
(14,132
|
)
|
|
|
14,675
|
|
|
|
(1,030
|
)
|
|
Income tax (benefit) provision
|
|
$
|
(12,272
|
)
|
|
$
|
14,631
|
|
|
$
|
(1,029
|
)
|
|
| 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,
|
|
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
|
|
|
(Amounts in thousands)
|
|
|
Statutory U.S. federal tax rate
|
|
$
|
415
|
|
|
$
|
(19,816
|
)
|
|
$
|
(17,066
|
)
|
|
State taxes, net of federal tax benefit
|
|
|
(4
|
)
|
|
|
32
|
|
|
|
33
|
|
|
Income not benefitted
|
|
|
481
|
|
|
|
10,679
|
|
|
|
15,712
|
|
|
Non-deductible stock compensation expense
|
|
|
158
|
|
|
|
266
|
|
|
|
3
|
|
|
Other non-deductible items (1)
|
|
|
(46
|
)
|
|
|
252
|
|
|
|
(31
|
)
|
|
Innovative technology and development incentive
|
|
|
—
|
|
|
|
—
|
|
|
|
(189
|
)
|
|
Foreign tax rate differential
|
|
|
(2,014
|
)
|
|
|
3,770
|
|
|
|
816
|
|
|
Outside basis difference in foreign subsidiaries
|
|
|
(14,675
|
)
|
|
|
14,675
|
|
|
|
—
|
|
|
Goodwill impairment
|
|
|
—
|
|
|
|
5,044
|
|
|
|
—
|
|
|
Tax Reform Act (2)
|
|
|
3,882
|
|
|
|
—
|
|
|
|
—
|
|
|
Current fiscal year impact of FIN 48
|
|
|
(469
|
)
|
|
|
(271
|
)
|
|
|
(307
|
)
|
|
Income tax (benefit) provision
|
|
$
|
(12,272
|
)
|
|
$
|
14,631
|
|
|
$
|
(1,029
|
)
|
|
|
(1)
|
Within the other line in the table above, other non-deductible items were ($0.1) million, $0.1 million and ($0.2) million for the fiscal years ended January 31, 2018, 2017 and 2016, respectively. These items have been aggregated with various adjustments related to differences in prior year U.S. and foreign tax provisions and the actual returns filed.
|
|
|
(2)
|
Due to the impact of the one-time transition tax on the deemed repatriation of accumulated foreign earnings required by the Tax Reform Act discussed below.
|
|
| Components of Deferred Income Taxes |
The components of deferred income taxes are as follows:
|
|
|
January 31,
|
|
|
|
|
2018
|
|
|
2017
|
|
|
|
|
(Amounts in thousands)
|
|
|
Deferred tax assets:
|
|
|
|
|
|
|
|
|
|
Accruals and reserves
|
|
$
|
963
|
|
|
$
|
1,815
|
|
|
Deferred revenue
|
|
|
476
|
|
|
|
79
|
|
|
Stock-based compensation expense
|
|
|
1,134
|
|
|
|
3,730
|
|
|
U.S. federal, state and foreign tax credits
|
|
|
8,070
|
|
|
|
7,459
|
|
|
Intangible assets
|
|
|
(201
|
)
|
|
|
6,834
|
|
|
Loss carryforwards
|
|
|
27,642
|
|
|
|
38,356
|
|
|
Deferred tax assets
|
|
|
38,084
|
|
|
|
58,273
|
|
|
Less: Valuation allowance
|
|
|
(38,305
|
)
|
|
|
(58,134
|
)
|
|
Net deferred tax assets
|
|
|
(221
|
)
|
|
|
139
|
|
|
Deferred tax liabilities:
|
|
|
|
|
|
|
|
|
|
APB 23 deferred tax liability
|
|
|
—
|
|
|
|
14,675
|
|
|
Other
|
|
|
47
|
|
|
|
75
|
|
|
Property and equipment
|
|
|
(71
|
)
|
|
|
121
|
|
|
Total net deferred tax liabilities
|
|
$
|
(197
|
)
|
|
$
|
(14,732
|
)
|
|
| Reconciliation of Total Amounts of Gross Unrecognized Tax Benefits |
A reconciliation of the total amounts of gross unrecognized tax benefits, is as follows:
|
|
|
For the Fiscal Years Ended January 31,
|
|
|
|
|
2018
|
|
|
2017
|
|
|
|
|
(Amounts in thousands)
|
|
|
Balance of gross unrecognized tax benefits, beginning of period
|
|
$
|
5,093
|
|
|
$
|
5,151
|
|
|
Gross amounts of increases in unrecognized tax benefits as a result of tax positions taken in the current period
|
|
|
—
|
|
|
|
321
|
|
|
Decrease for change in U.S. federal tax rate
|
|
|
—
|
|
|
|
—
|
|
|
Decrease due to expiration of statute of limitation
|
|
|
(389
|
)
|
|
|
(269
|
)
|
|
Decrease for tax positions related to prior years
|
|
|
—
|
|
|
|
(96
|
)
|
|
Effect of currency translation
|
|
|
152
|
|
|
|
(14
|
)
|
|
Balance of gross unrecognized tax benefits, end of period
|
|
$
|
4,856
|
|
|
$
|
5,093
|
|
|