Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of (loss) income for continuing operations before income taxes are as follows:

 

    For the Fiscal Years Ended January 31,  
    2013     2012     2011  
    (Amounts in thousands)  
Domestic   $ (13,852 )   $ (13,610 )   $ 20,769  
Foreign     11,133       11,946       7,408  
    $ (2,719 )   $ (1,664 )   $ 28,177
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

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

 

    For the Fiscal Years Ended January 31,  
    2013     2012     2011  
    (Amounts in thousands)  
Current:                        
Federal   $ -     $ (3,428 )   $ 2,546  
State     231       667       188  
Foreign     (1,305 )     1,177       1,111  
Total     (1,074 )     (1,584 )     3,845  
Deferred:                        
Federal     -       3,183       (4,677 )
State     (348 )     348       (135 )
Foreign     (133 )     (66 )     (1,260 )
Total     (481 )     3,465       (6,072 )
(Benefit from) provision for income taxes   $ (1,555 )   $ 1,881     $ (2,227 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

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,  
    2013     2012     2011  
    (Amounts in thousands)  
Statutory U.S. federal tax rate   $ (952 )   $ (582 )   $ 9,862  
State taxes, net of federal tax benefit     81       660       51  
Losses not benefitted     (1,068 )     4,048       (8,559 )
Non-deductible stock compensation expense     142       (68 )     (79 )
Other     858       957       (580 )
Research and development tax credits     -       (291 )     (117 )
Innovation box     (779 )                
Foreign tax rate differential     163       (2,843 )     (2,805 )
    $ (1,555 )   $ 1,881     $ (2,227 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income taxes are as follows:

 

    January 31,  
    2013     2012  
    (Amounts in thousands)  
Deferred tax assets:                
Accruals and reserves   $ 1,760     $ 2,104  
Deferred revenue     2,894       3,255  
Stock-based compensation expense     1,892       1,549  
U.S. federal, state and foreign tax credits     5,133       4,951  
Loss carryforwards     9,561       2,280  
Property and equipment     116       -  
Other     -       -  
Deferred tax assets     21,356       14,139  
Less: Valuation allowance     (19,250 )     (10,544 )
Net deferred tax assets     2,106       3,595  
Deferred tax liabilities:                
Intangible assets     4,336       5,594  
Other     77       76  
Property and equipment     -       362  
Total net deferred tax assets(liabilities)   $ (2,307 )   $ (2,437 )
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]
A reconciliation of the beginning and ending balance of the total amounts of gross unrecognized tax benefits, excluding interest of $0.3 million is as follows:

 

    For the Fiscal Years Ended January 31,  
    2013     2012  
    (Amounts in thousands)  
Balance of gross unrecognized tax benefits, beginning of period   $ 6,464     $ 7,283  
Gross amounts of increases in unrecognized tax benefits as a result of tax positions taken in the current period     3,616       431  
Decrease due to expiration of statute of limitation     (737 )     (319 )
Decrease due to settlement     -       (876 )
Effect of currency translation     21       (55 )
Balance of gross unrecognized tax benefits, end of period   $ 9,364     $ 6,464