Qad (QADA) 10-Q 4 Dec 14 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 31, 2014	Dec. 01, 2014	Dec. 01, 2014
		Common Class A [Member]	Common Class B [Member]
Entity Information [Line Items]	'	'	'
Entity Registrant Name	'QAD INC	'	'
Entity Central Index Key	'0001036188	'	'
Current Fiscal Year End Date	'--01-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	12,871,714	3,190,606
Document Fiscal Year Focus	'2015	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Oct-14	'	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Oct. 31, 2014	Jan. 31, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and equivalents	$71,411	$75,984
Accounts receivable, net of allowances of $2,581 and $2,450 at October 31, 2014 and January 31, 2014, respectively	46,432	71,337
Deferred tax assets, net	8,033	8,133
Other current assets	15,904	14,980
Total current assets	141,780	170,434
Property and equipment, net	33,348	33,085
Capitalized software costs, net	2,571	3,315
Goodwill	11,214	11,377
Deferred tax assets, net	9,884	11,788
Other assets, net	3,954	4,814
Total assets	202,751	234,813
Current liabilities:	'	'
Current portion of long-term debt	401	389
Accounts payable	9,516	11,042
Deferred revenue	72,703	104,160
Other current liabilities	31,181	34,199
Total current liabilities	113,801	149,790
Long-term debt	14,782	15,085
Other liabilities	5,205	5,733
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, $0.001 par value; Authorized 5,000,000 shares; none issued or outstanding	0	0
Common stock:	'	'
Additional paid-in capital	147,804	150,837
Treasury stock, at cost (1,627,351 shares and 1,930,436 shares at October 31, 2014 and January 31, 2014, respectively)	-23,273	-28,220
Accumulated deficit	-49,294	-51,472
Accumulated other comprehensive loss	-6,292	-6,958
Total stockholders' equity	68,963	64,205
Total liabilities and stockholders' equity	202,751	234,813
Common Class A [Member]	'	'
Common stock:	'	'
Common Stock Value	14	14
Common Class B [Member]	'	'
Common stock:	'	'
Common Stock Value	$4	$4

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Oct. 31, 2014	Jan. 31, 2014
In Thousands, except Share data, unless otherwise specified
Current assets:	'	'
Accounts receivable, net of allowances	$2,581	$2,450
Stockholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock:	'	'
Treasury stock, at cost (in shares)	1,627,351	1,930,436
Common Class A [Member]	'	'
Common stock:	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	71,000,000	71,000,000
Common stock, shares issued (in shares)	14,152,302	14,150,089
Common Class B [Member]	'	'
Common stock:	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	4,000,000	4,000,000
Common stock, shares issued (in shares)	3,537,283	3,537,029

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Revenue:	'	'	'	'
License fees	$8,616	$6,761	$24,231	$21,583
Subscription fees	7,710	5,104	20,344	13,601
Maintenance and other	35,029	35,629	107,225	105,084
Professional services	22,649	18,166	63,739	52,513
Total revenue	74,004	65,660	215,539	192,781
Costs of revenue:	'	'	'	'
License fees	1,217	1,158	3,270	3,171
Maintenance, subscription and other	12,055	11,399	36,476	33,508
Professional services	19,799	16,348	57,975	49,628
Total cost of revenue	33,071	28,905	97,721	86,307
Gross profit	40,933	36,755	117,818	106,474
Operating expenses:	'	'	'	'
Sales and marketing	16,421	15,183	50,319	47,089
Research and development	10,152	9,817	32,249	31,131
General and administrative	8,295	7,776	26,464	24,153
Amortization of intangibles from acquisitions	176	178	535	531
Total operating expenses	35,044	32,954	109,567	102,904
Operating income	5,889	3,801	8,251	3,570
Other (income) expense:	'	'	'	'
Interest income	-56	-55	-169	-225
Interest expense	185	218	598	630
Other (income) expense, net	-164	209	-56	-873
Total other (income) expense	-35	372	373	-468
Income before income taxes	5,924	3,429	7,878	4,038
Income tax expense	834	1,380	1,879	1,998
Net income	5,090	2,049	5,999	2,040
Diluted net income per share	'	'	'	'
Net income	5,090	2,049	5,999	2,040
Other comprehensive income (loss), net of tax:	'	'	'	'
Foreign currency translation adjustment	873	-261	666	130
Total comprehensive income	5,963	1,788	6,665	2,170
Common Class A [Member]	'	'	'	'
Other (income) expense:	'	'	'	'
Net income	4,218	1,694	4,971	1,688
Basic net income per share	'	'	'	'
Earnings per share (in dollars per share)	$0.33	$0.14	$0.39	$0.14
Diluted net income per share	'	'	'	'
Earnings per share (in dollars per share)	$0.31	$0.13	$0.37	$0.13
Net income	4,218	1,694	4,971	1,688
Common Class B [Member]	'	'	'	'
Other (income) expense:	'	'	'	'
Net income	872	355	1,028	352
Basic net income per share	'	'	'	'
Earnings per share (in dollars per share)	$0.27	$0.11	$0.32	$0.11
Diluted net income per share	'	'	'	'
Earnings per share (in dollars per share)	$0.27	$0.11	$0.31	$0.11
Net income	$872	$355	$1,028	$352

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Cash flows from operating activities:	'	'
Net income	$5,999	$2,040
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	4,284	4,457
Provision for doubtful accounts and sales adjustments	535	717
Change in fair value of interest rate swap	321	-549
Stock compensation expense	3,794	3,714
Excess tax benefits from share-based payment arrangements	0	-82
Other	42	1
Changes in assets and liabilities:	'	'
Accounts receivable	23,304	26,509
Other assets	-1,042	2,091
Accounts payable	-1,369	-4,840
Deferred revenue	-27,944	-21,342
Other liabilities	-2,893	-1,141
Net cash provided by operating activities	5,031	11,575
Cash flows from investing activities:	'	'
Purchase of property and equipment	-3,337	-3,966
Capitalized software costs	-115	-217
Net cash used in investing activities	-3,452	-4,183
Cash flows from financing activities:	'	'
Repayments of debt	-291	-279
Tax payments, net of proceeds, related to stock awards	-2,354	-894
Payment of contingent liability associated with acquisitions	-471	0
Excess tax benefits from share-based payment arrangements	0	82
Repurchase of common stock	0	-686
Cash dividends paid	-3,334	-4,209
Net cash used in financing activities	-6,450	-5,986
Effect of exchange rates on cash and equivalents	298	-616
Net (decrease) increase in cash and equivalents	-4,573	790
Cash and equivalents at beginning of period	75,984	65,009
Cash and equivalents at end of period	71,411	65,799
Supplemental disclosure of non-cash activities:	'	'
Dividends paid in stock	$0	$145

BASIS_OF_PRESENTATION_AND_RECE

BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Oct. 31, 2014
BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]	'
BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS	'
	1	BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS
	Basis of Presentation
	In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements fairly present the financial information contained therein. These statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In management’s opinion, all necessary adjustments, consisting of normal, recurring and non-recurring adjustments, have been included in the accompanying Condensed Consolidated Financial Statements to present fairly the financial position and operating results of QAD Inc. (“QAD” or the “Company”). The Condensed Consolidated Financial Statements do not include all disclosures required by accounting principles generally accepted in the United States of America for annual financial statements and should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2014. The Condensed Consolidated Financial Statements include the results of the Company and its wholly owned subsidiaries. The results of operations for the three and nine months ended October 31, 2014 are not necessarily indicative of the results to be expected for the year ending January 31, 2015.
	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"), which requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, similar tax loss, or a tax credit carryforward. To the extent the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. ASU 2013-11 was effective for and adopted by the Company in the first quarter of fiscal 2015 and was applied prospectively to unrecognized tax benefits that existed at the effective date. The adoption of ASU 2013-11 impacted the Company’s financial statement presentation and disclosures, but otherwise did not impact the Company’s condensed consolidated results of operations or cash flows.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides principles for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will be effective for the Company’s fiscal year beginning February 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative transition method. The Company is currently evaluating the accounting, transition and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption.

COMPUTATION_OF_NET_INCOME_PER_

COMPUTATION OF NET INCOME PER SHARE	9 Months Ended
	Oct. 31, 2014
COMPUTATION OF NET INCOME PER SHARE [Abstract]	'
COMPUTATION OF NET INCOME (LOSS) PER SHARE	'
	2	COMPUTATION OF NET INCOME PER SHARE
	The following table sets forth the computation of basic and diluted net income per share:
			Three Months Ended						Nine Months Ended
			October 31,						October 31,
			2014			2013			2014			2013
			(in thousands, except per						(in thousands, except per
			share data)						share data)
	Net income		$	5,090		$	2,049		$	5,999		$	2,040
	Less: Dividends declared			(1,118	)		(1,090	)		(3,334	)		(3,267	)
	Undistributed net income (loss)		$	3,972		$	959		$	2,665		$	(1,227	)
	Net income per share – Class A Common Stock
	Dividends declared		$	926		$	901		$	2,761		$	2,700
	Allocation of undistributed net  income (loss)			3,292			793			2,210			(1,012	)
	Net income attributable to Class A common stock		$	4,218		$	1,694		$	4,971		$	1,688
	Weighted average shares of Class A common stock outstanding—basic			12,865			12,526			12,755			12,477
	Weighted average potential shares of Class A common stock			622			464			719			453
	Weighted average shares of Class A common stock and potential common shares outstanding—diluted			13,487			12,990			13,474			12,930
	Basic net income per Class A common share		$	0.33		$	0.14		$	0.39		$	0.14
	Diluted net income per Class A common share		$	0.31		$	0.13		$	0.37		$	0.13
	Net income per share – Class B Common Stock
	Dividends declared		$	192		$	189		$	573		$	567
	Allocation of undistributed net income (loss)			680			166			455			(215	)
	Net income attributable to Class B common stock		$	872		$	355		$	1,028		$	352
	Weighted average shares of Class B common stock outstanding—basic			3,189			3,149			3,180			3,146
	Weighted average potential shares of Class B common stock			76			86			90			88
	Weighted average shares of Class B common stock and potential common shares outstanding—diluted			3,265			3,235			3,270			3,234
	Basic net income per Class B common share		$	0.27		$	0.11		$	0.32		$	0.11
	Diluted net income per Class B common share		$	0.27		$	0.11		$	0.31		$	0.11
	Potential common shares consist of the shares issuable upon the release of restricted stock units (“RSUs”) and the exercise of stock appreciation rights (“SARs”). The Company’s unvested RSUs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to release. In addition, the Company’s unexercised SARs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to exercise.
	The following table sets forth the number of potential common shares not included in the calculation of diluted net income per share because their effects were anti-dilutive:
			Three Months Ended						Nine Months Ended
			October 31,						October 31,
			2014			2013			2014			2013
			(in thousands)						(in thousands)
	Class A			330			1,307			277			1,148
	Class B			67			189			38			183

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS

9 Months Ended

Oct. 31, 2014

FAIR VALUE MEASUREMENTS [Abstract]

'

FAIR VALUE MEASUREMENTS

'

3

FAIR VALUE MEASUREMENTS

When determining fair value, the Company uses a three-tier value hierarchy which prioritizes the inputs used in measuring fair value. Whenever possible, the Company uses observable market data. The Company relies on unobservable inputs only when observable market data is not available. Classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

·

Level 1 - Money market mutual funds are recorded at fair value based upon quoted market prices.

·

Level 2 - The asset or liability related to the interest rate swap is recorded at fair value based upon a valuation model that uses relevant observable market inputs at quoted intervals, such as forward yield curves. The Company’s line of credit and notes payable both bear a variable market interest rate commensurate with the Company’s credit standing. Therefore, the carrying amounts outstanding under the line of credit and note payable reasonably approximate fair value based on Level 2 inputs.

·

Level 3 - The contingent liability associated with the acquisition of CEBOS is recorded at fair value based on significant inputs that are not observable in the market. This measure includes an assessment of the probability of achieving certain milestones and discounting the amount of each potential payment based on expected timing of the payment. Key assumptions include a discount rate of 4.6%, probability of achieving profitability and probability of achieving product development goals. There is one remaining future payment due April 2015 which consists of a guaranteed payment of between $0.3 million and $0.5 million contingent upon certain milestones.

The following table sets forth the financial assets, measured at fair value, as of October 31, 2014 and January 31, 2014:

Fair value measurement at reporting date using

Quoted Prices in

Significant Other

Significant

Active Markets for

Observable Inputs

Unobservable Inputs

Identical Assets

(Level 2)

(Level 3)

(Level 1)

(in thousands)

Money market mutual funds as of October 31, 2014

$

50,402

Money market mutual funds as of January 31, 2014

$

57,204

Liability related to the interest rate swap as of  October 31, 2014

$

(71

)

Asset related to the  interest rate swap as of January 31, 2014

$

250

Contingent liability associated with acquisitions as of October 31, 2014

$

(736

)

Contingent liability associated with acquisitions as of January 31, 2014

$

(1,178

)

Money market mutual funds are classified as part of “Cash and equivalents” in the accompanying Condensed Consolidated Balance Sheets. In addition, the amount of cash and equivalents, including cash deposited with commercial banks, was $21 million and $19 million as of October 31, 2014 and January 31, 2014, respectively.

There have been no transfers between fair value measurements levels during the nine months ended October 31, 2014.

Derivative Instruments

The Company entered into an interest rate swap in May 2012 to mitigate the exposure to the variability of one month LIBOR for its floating rate debt described in Note 6 “Debt” within these Notes to Condensed Consolidated Financial Statements. The fair value of the interest rate swap is reflected as an asset or liability in the Condensed Consolidated Balance Sheets and the change in fair value is reported in “Other (income) expense, net” in the Condensed Consolidated Statements of Income and Comprehensive Income. The fair value of the interest rate swap is estimated as the net present value of projected cash flows based upon forward interest rates at the balance sheet date.

The fair values of the derivative instrument at October 31, 2014 and January 31, 2014 were as follows (in thousands):

( Liability) Asset Derivative

Fair Value

Balance Sheet

October 31,

January 31,

Location

2014

2014

Derivative instrument:

Interest rate swap

Other (liabilities) assets, net

$

(71

)

$

250

Total

$

(71

)

$

250

The change in fair value of the interest rate swap recognized in the Condensed Consolidated Statement of Income and Comprehensive Income for the nine months ended October 31, 2014 and 2013 was $0.3 million and $(0.5) million, respectively.

CAPITALIZED_SOFTWARE_COSTS

CAPITALIZED SOFTWARE COSTS	9 Months Ended
	Oct. 31, 2014
CAPITALIZED SOFTWARE COSTS [Abstract]	'
CAPITALIZED SOFTWARE COSTS	'
	4	CAPITALIZED SOFTWARE COSTS
	Capitalized software costs and accumulated amortization at October 31, 2014 and January 31, 2014 were as follows:
			October 31,			January 31,
			2014			2014
		(in thousands)
	Capitalized software costs:
	Acquired software technology		$	3,577		$	3,577
	Capitalized software development costs (1)			1,044			1,183
				4,621			4,760
	Less accumulated amortization			(2,050	)		(1,445	)
	Capitalized software costs, net		$	2,571		$	3,315
		-1	Capitalized software development costs include the impact of foreign currency translation.
	Acquired software technology costs relate to technology purchased as a result of the Company’s fiscal 2013 acquisitions of DynaSys and CEBOS. In addition to the acquired software technology, the Company has capitalized costs related to translations and localizations of QAD Enterprise Applications.
	It is the Company’s policy to write off capitalized software development costs once fully amortized. Accordingly, during the first nine months of fiscal 2015, $0.3 million of costs and accumulated amortization were removed from the balance sheet. Amortization of capitalized software costs was $0.9 million for each of the nine months ended October 31, 2014 and 2013. Amortization of capitalized software costs is included in “Cost of license fees” in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income.
	The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of October 31, 2014:
	Fiscal Years		(in thousands)
	2015 remaining		$	278
	2016			1,011
	2017			837
	2018			445
			$	2,571

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Oct. 31, 2014
GOODWILL AND INTANGIBLE ASSETS [Abstract]	'
GOODWILL AND INTANGIBLE ASSETS	'
	5	GOODWILL AND INTANGIBLE ASSETS
	Goodwill
	The changes in the carrying amount of goodwill for the nine months ended October 31, 2014 were as follows:
				Gross Carrying				Accumulated			Goodwill, Net
				Amount				Impairment
				(in thousands)
	Balance at January 31, 2014		$	26,985			$	(15,608	)	$	11,377
	Impact of foreign currency translation			(163	)			—			(163	)
	Balance at October 31, 2014		$	26,822			$	(15,608	)	$	11,214
	The Company performed its annual goodwill impairment review during the fourth quarter of fiscal 2014. The analysis compared the Company’s market capitalization to its net assets as of the test date, November 30, 2013. As the market capitalization significantly exceeded the Company’s net assets, there was no indication of goodwill impairment for fiscal 2014. The Company monitors the indicators for goodwill impairment testing between annual tests. No adverse events occurred during the nine months ended October 31, 2014, that would cause the Company to test goodwill for impairment.
	Intangible Assets
			October 31,			January 31,
			2014			2014
		(in thousands)
	Amortizable intangible assets
	Customer relationships (1)		$	2,940			$	3,048
	Trade name			515				515
				3,455				3,563
	Less: accumulated amortization			(1,463	)			(978	)
	Net amortizable intangible assets		$	1,992			$	2,585
	-1	Customer relationships include the impact of foreign currency translation.
	The Company’s intangible assets are related to the DynaSys and CEBOS acquisitions completed in fiscal 2013. Intangible assets are included in “Other assets, net” in the accompanying Condensed Consolidated Balance Sheets. As of October 31, 2014, all of the Company’s intangible assets were determined to have finite useful lives, and therefore were subject to amortization.
	Amortization of intangible assets was $0.5 million for each of the nine months ended October 31, 2014 and October 31, 2013. The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of October 31, 2014:
	Fiscal Years		(in thousands)
	2015 remaining		$	174
	2016			694
	2017			694
	2018			430
			$	1,992

DEBT

DEBT	9 Months Ended
	Oct. 31, 2014
DEBT [Abstract]	'
DEBT	'
	6	DEBT
			October 31,			January 31,
			2014			2014
			(in thousands)
	Note payable		$	15,183		$	15,474
	Less current maturities			(401	)		(389	)
	Long-term debt		$	14,782		$	15,085
	Note Payable
	Effective May 30, 2012, QAD Ortega Hill, LLC entered into a variable rate credit agreement (the “2012 Mortgage”) with Rabobank, N.A., to refinance a pre-existing mortgage. The 2012 Mortgage has an original principal balance of $16.1 million and bears interest at the one month LIBOR rate plus 2.25%. One month LIBOR was 0.15% at October 31, 2014. The 2012 Mortgage matures in June 2022 and is secured by the Company’s headquarters located in Santa Barbara, California. In conjunction with the 2012 Mortgage, QAD Ortega Hill, LLC entered into an interest rate swap with Rabobank, N.A. The swap agreement has an initial notional amount of $16.1 million and a schedule matching that of the underlying loan that synthetically fixes the interest rate on the debt at 4.31% for the entire term of the 2012 Mortgage. The terms of the 2012 Mortgage provide for QAD Ortega Hill, LLC to make net monthly payments of $88,100 consisting of principal and interest and one final payment of $11.7 million. The unpaid balance as of October 31, 2014 was $15.2 million.
	Credit Facility
	The Company has an unsecured credit agreement with Rabobank, N.A. (the “Facility”). The Facility provides a commitment through July 15, 2017 for a $20 million line of credit for working capital or other business needs. The Company pays a commitment fee calculated as 0.25% of the unused daily average of the $20 million Facility. Borrowings under the Facility bear interest at a rate equal to one month LIBOR plus 0.75%. At October 31, 2014, the effective borrowing rate would have been 0.90%.
	The Facility provides that the Company maintain certain financial and operating ratios which include, among other provisions, minimum liquidity on a consolidated basis of $25 million in cash and equivalents at all times, a current ratio (calculated using current liabilities excluding deferred revenue) of not less than 1.3 to 1.0 determined at the end of each fiscal quarter, a leverage ratio of not more than 1.5 to 1.0 determined at the end of each fiscal quarter, and a debt service coverage ratio of not less than 1.5 to 1.0 determined at the end of each fiscal year. The Facility also contains customary covenants that could restrict the Company’s ability to incur additional indebtedness.
	As of October 31, 2014, there were no borrowings under the Facility and the Company was in compliance with all financial covenants.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Oct. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
	7	ACCUMULATED OTHER COMPREHENSIVE LOSS
	The components of accumulated other comprehensive loss, net of taxes, were as follows:
			Foreign Currency
			Translation
			Adjustments
			(in thousands)
	Balance as of January 31, 2014		$	(6,958	)
	Other comprehensive income			666
	Amounts reclassified from accumulated other comprehensive loss			—
	Net current period other comprehensive income			666
	Balance as of October 31, 2014		$	(6,292	)
	During the first nine months of fiscal 2015 there were no reclassifications from accumulated other comprehensive loss.

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Oct. 31, 2014
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	8	INCOME TAXES
	During the first quarter of fiscal year 2015 QAD adopted ASU 2013-11. The new standard requires the netting of unrecognized tax benefits against deferred tax assets for a loss or credit that would apply in settlement of the uncertain tax position. As of October 31, 2014, the Company net $1.4 million of its uncertain tax benefits against $1.4 million of deferred tax assets on its financial statements and the total amount of unrecognized tax benefits (before netting) was $2.0 million. This amount includes penalties and interest. These unrecognized tax benefits, if recognized, will impact the Company’s effective tax rate. This liability is classified as long-term unless the liability is expected to conclude within twelve months of the reporting date. In the current quarter the Company released $0.6 million of its reserve due to the expiration of the statute of limitations. The entire release was recorded to the income statement as a discrete benefit during the quarter. In the next twelve months, due to potential settlements with a domestic tax authority related to tax credits and a foreign tax authority related to transfer pricing an estimated $0.2 million of unrecognized tax benefits may be recognized.
	The Company’s policy is to recognize interest and penalties, if any, related to unrecognized tax benefits as a component of income tax expense. As of October 31, 2014, the Company has accrued approximately $0.2 million of interest and penalty expense relating to unrecognized tax benefits.
	The Company files U.S. federal, state, and foreign tax returns that are subject to audit by various tax authorities. The Company is currently under audit in:
		·	India for fiscal years ended March 31, 1998, 1999,  2008, 2009, 2010, and 2012
		·	California for the fiscal year ended 2004
		·	Minnesota for the fiscal years ended 2010, 2011, 2012, 2013
	During the first three quarters of fiscal year 2015 the Company settled audits in the following locations:
		·	South Africa for  the fiscal year ended 2008
		·	Thailand for the fiscal year ended 2012
		·	India for the fiscal year ended March 31, 2011
		·	France for the fiscal years ended 2011, 2012 and 2013
		·	City of Wilmington, Delaware for the calendar years  2009, 2010, 2011, 2012, 2013
	No material adjustments were made as a result of such settlements.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Oct. 31, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
STOCKHOLDERS' EQUITY	'
	9	STOCKHOLDERS’ EQUITY
	Dividends
	The following table sets forth the dividends that were declared by the Company during the first nine months of fiscal 2015:
	Declaration	Record Date	Payable	Dividend		Dividend		Amount
	Date			Class A		Class B
	9/9/14	9/23/14	9/30/14	$	0.072	$	0.06	$	1,118,000
	6/11/14	6/25/14	7/2/14	$	0.072	$	0.06	$	1,113,000
	4/16/14	4/30/14	5/7/14	$	0.072	$	0.06	$	1,103,000

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Oct. 31, 2014
STOCK-BASED COMPENSATION [Abstract]	'
STOCK-BASED COMPENSATION	'
	10	STOCK-BASED COMPENSATION
	The Company’s equity awards consist of SARs and RSUs. For a description of the Company’s stock-based compensation plans, see Note 13 “Stock-Based Compensation” in Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended January 31, 2014.
	Stock-Based Compensation
	The following table sets forth reported stock-based compensation expense for the three and nine months ended October 31, 2014 and 2013:
			Three Months Ended						Nine Months Ended
			October 31,						October 31,
			2014			2013			2014		2013
			(in thousands)						(in thousands)
	Cost of maintenance, subscription and other revenue		$	51		$	58		$	150	$	161
	Cost of professional services			121			124			364		388
	Sales and marketing			203			236			587		687
	Research and development			132			160			400		512
	General and administrative			702			642			2,293		1,966
	Total stock-based compensation expense		$	1,209		$	1,220		$	3,794	$	3,714
	Option/SAR Information
	The weighted average assumptions used to value SARs granted in the nine months ended October 31, 2014 and 2013 are shown in the following table:
			Nine Months Ended
			October 31,
			2014			2013
	Expected life in years (1)			4.98			4.57
	Risk free interest rate (2)			1.58	%		1	%
	Volatility (3)			47	%		53	%
	Dividend rate (4)			1.32	%		2.42	%
	-1	The expected life of SARs granted under the stock-based compensation plans is based on historical vested SAR exercise and post-vest forfeiture patterns and includes an estimate of the expected term for SARs that were fully vested and outstanding.
	-2	The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of SARs in effect at the time of grant.
	-3	The Company estimates the volatility of its common stock at the date of grant based on the historical volatility of the Company’s common stock for a period equivalent to the expected life of the SARs, which it believes is representative of the expected volatility over the expected life of the SARs.
	-4	The Company expects to continue paying quarterly dividends at the same rate as the nine months ending on October 31, 2014.
	The following table summarizes the activity for outstanding SARs for the nine months ended October 31, 2014:
			Stock Options/			Weighted			Weighted		Aggregate
			SARs			Average			Average		Intrinsic Value
			(in thousands)			Exercise			Remaining		(in thousands)
						Price per			Contractual
						Share			Term (years)
	Outstanding at January 31, 2014			2,842		$	11.19
	Granted			387			21.61
	Exercised			(603	)		11.65
	Expired			(20	)		12.92
	Forfeited			(49	)		12.36
	Outstanding at October 31, 2014			2,557		$	12.62			5.3	$	21,964
	Vested and expected to vest at October 31, 2014 (1)			2,538		$	12.62			5.3	$	21,786
	Vested and exercisable October 31, 2014			1,303		$	10.51			4.2	$	13,735
	-1	The expected-to-vest SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding SARs.
	The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the aggregate difference between the closing stock price of the Company’s common stock based on the last trading day as of October 31, 2014, and the exercise price for in-the-money SARs) that would have been received by the holders if all SARs had been exercised on October 31, 2014. The total intrinsic value of SARs exercised in the nine months ended October 31, 2014 was $5.1 million.
	The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the three months ended October 31, 2014, the Company withheld 5,000 shares for payment of these taxes at a value of $0.1 million. During the nine months ended October 31, 2014, the Company withheld 78,000 shares for payment of these taxes at a value of $1.6 million.
	At October 31, 2014, there was approximately $6.0 million of total unrecognized compensation cost related to unvested SARs. This cost is expected to be recognized over a weighted-average period of approximately 2.8 years.
	RSU Information
	The estimated fair value of RSUs was calculated based on the closing price of the Company’s common stock on the date of grant, reduced by the present value of dividends foregone during the vesting period.
	The following table summarizes the activity for RSUs for the nine months ended October 31, 2014:
						Weighted
						Average
						Grant Date
			RSUs			Fair Value
			(in thousands)
	Restricted stock at January 31, 2014			430		$	11.02
	Granted			285			21.25
	Released (1)			(167	)		11.91
	Forfeited			(42	)		13.73
	Restricted stock at October 31, 2014			506		$	16.27
	-1	The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.
	The Company withholds, at the employee’s election, a portion of the released shares as consideration for the Company’s payment of applicable employee income taxes. During the three months ended October 31, 2014, the Company withheld 1,000 shares for payment of these taxes at a value of $12,000.  During the nine months ended October 31, 2014, the Company withheld 45,000 shares for payment of these taxes at a value of $1.0 million.
	Total unrecognized compensation cost related to RSUs was approximately $6.7 million as of October 31, 2014. This cost is expected to be recognized over a weighted-average period of approximately 3.1 years.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Oct. 31, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	11	COMMITMENTS AND CONTINGENCIES
	Indemnifications
	The Company sells software licenses and services to its customers under written agreements. Each agreement contains the relevant terms of the contractual arrangement with the customer and generally includes certain provisions for indemnifying the customer against losses, expenses and liabilities from damages that may be awarded against the customer in the event the Company’s software is found to infringe upon certain intellectual property rights of a third party. The agreements generally limit the scope of and remedies for such indemnification obligations in a variety of industry-standard respects.
	The Company believes its internal development processes and other policies and practices limit its exposure related to the indemnification provisions of the agreements. For several reasons, including the lack of prior indemnification claims and the lack of a monetary liability limit for certain infringement cases under the agreements, the Company cannot determine the maximum amount of potential future payments, if any, related to such indemnification provisions.
	Legal Actions
	The Company is subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of these claims cannot be predicted with certainty, management does not believe that the outcome of any of these legal matters will have a material adverse effect on the Company’s consolidated results of operations, financial position or liquidity.

BUSINESS_SEGMENT_INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Oct. 31, 2014
BUSINESS SEGMENT INFORMATION [Abstract]	'
BUSINESS SEGMENT INFORMATION	'
	12	BUSINESS SEGMENT INFORMATION
	The Company markets its products and services worldwide, primarily to companies in the manufacturing industry, including automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries. The Company sells and licenses its products through its direct sales force in four geographic regions: North America; Europe, the Middle East and Africa (“EMEA”); Asia Pacific; and Latin America and through distributors where third parties can extend sales reach more effectively or efficiently. The North America region includes the United States and Canada. The EMEA region includes Europe, the Middle East and Africa. The Asia Pacific region includes Asia and Australia. The Latin America region includes South America, Central America and Mexico. The Company’s Chief Operating Decision Maker, the Chief Executive Officer, reviews the consolidated results within one operating segment.
	License and subscription revenues are assigned to the geographic regions based on both the proportion of users in each region and sales effort. Maintenance revenue is allocated to the region where the end user customer is located. Services revenue is assigned based on the region where the services are performed.
			Three Months Ended				Nine Months Ended
			October 31,				October 31,
			2014		2013		2014		2013
			(in thousands)				(in thousands)
	Revenue:
	North America (1)		$	33,069	$	28,571	$	93,115	$	82,675
	EMEA			23,362		21,707		73,244		63,344
	Asia Pacific			12,485		11,236		35,688		34,379
	Latin America			5,088		4,146		13,492		12,383
			$	74,004	$	65,660	$	215,539	$	192,781
	(1)    Sales into Canada accounted for 2% of North America total revenue for both the three and nine months ended October 31, 2014 and 2013.

BASIS_OF_PRESENTATION_AND_RECE1

BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Oct. 31, 2014
BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements fairly present the financial information contained therein. These statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In management’s opinion, all necessary adjustments, consisting of normal, recurring and non-recurring adjustments, have been included in the accompanying Condensed Consolidated Financial Statements to present fairly the financial position and operating results of QAD Inc. (“QAD” or the “Company”). The Condensed Consolidated Financial Statements do not include all disclosures required by accounting principles generally accepted in the United States of America for annual financial statements and should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2014. The Condensed Consolidated Financial Statements include the results of the Company and its wholly owned subsidiaries. The results of operations for the three and nine months ended October 31, 2014 are not necessarily indicative of the results to be expected for the year ending January 31, 2015.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists ("ASU 2013-11"), which requires an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, similar tax loss, or a tax credit carryforward. To the extent the tax benefit is not available at the reporting date under the governing tax law or if the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented as a liability and not combined with deferred tax assets. ASU 2013-11 was effective for and adopted by the Company in the first quarter of fiscal 2015 and was applied prospectively to unrecognized tax benefits that existed at the effective date. The adoption of ASU 2013-11 impacted the Company’s financial statement presentation and disclosures, but otherwise did not impact the Company’s condensed consolidated results of operations or cash flows.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides principles for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will be effective for the Company’s fiscal year beginning February 1, 2017. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative transition method. The Company is currently evaluating the accounting, transition and disclosure requirements of the standard and cannot currently estimate the financial statement impact of adoption.

COMPUTATION_OF_NET_INCOME_PER_1

COMPUTATION OF NET INCOME PER SHARE (Tables)	9 Months Ended
	Oct. 31, 2014
COMPUTATION OF NET INCOME PER SHARE [Abstract]	'
Computation of basic and diluted net income (loss) per share	'
	The following table sets forth the computation of basic and diluted net income per share:
		Three Months Ended						Nine Months Ended
		October 31,						October 31,
		2014			2013			2014			2013
		(in thousands, except per						(in thousands, except per
		share data)						share data)
	Net income	$	5,090		$	2,049		$	5,999		$	2,040
	Less: Dividends declared		(1,118	)		(1,090	)		(3,334	)		(3,267	)
	Undistributed net income (loss)	$	3,972		$	959		$	2,665		$	(1,227	)
	Net income per share – Class A Common Stock
	Dividends declared	$	926		$	901		$	2,761		$	2,700
	Allocation of undistributed net  income (loss)		3,292			793			2,210			(1,012	)
	Net income attributable to Class A common stock	$	4,218		$	1,694		$	4,971		$	1,688
	Weighted average shares of Class A common stock outstanding—basic		12,865			12,526			12,755			12,477
	Weighted average potential shares of Class A common stock		622			464			719			453
	Weighted average shares of Class A common stock and potential common shares outstanding—diluted		13,487			12,990			13,474			12,930
	Basic net income per Class A common share	$	0.33		$	0.14		$	0.39		$	0.14
	Diluted net income per Class A common share	$	0.31		$	0.13		$	0.37		$	0.13
	Net income per share – Class B Common Stock
	Dividends declared	$	192		$	189		$	573		$	567
	Allocation of undistributed net income (loss)		680			166			455			(215	)
	Net income attributable to Class B common stock	$	872		$	355		$	1,028		$	352
	Weighted average shares of Class B common stock outstanding—basic		3,189			3,149			3,180			3,146
	Weighted average potential shares of Class B common stock		76			86			90			88
	Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,265			3,235			3,270			3,234
	Basic net income per Class B common share	$	0.27		$	0.11		$	0.32		$	0.11
	Diluted net income per Class B common share	$	0.27		$	0.11		$	0.31		$	0.11
Number of potential common shares not included in the calculation of diluted net income per share	'
	The following table sets forth the number of potential common shares not included in the calculation of diluted net income per share because their effects were anti-dilutive:
		Three Months Ended						Nine Months Ended
		October 31,						October 31,
		2014			2013			2014			2013
		(in thousands)						(in thousands)
	Class A		330			1,307			277			1,148
	Class B		67			189			38			183

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Oct. 31, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
Summary of financial assets and liabilities, measured at fair value	'
	The following table sets forth the financial assets, measured at fair value, as of October 31, 2014 and January 31, 2014:
			Fair value measurement at reporting date using
			Quoted Prices in				Significant Other			Significant
			Active Markets for				Observable Inputs			Unobservable Inputs
			Identical Assets				(Level 2)			(Level 3)
			(Level 1)
							(in thousands)
	Money market mutual funds as of October 31, 2014		$	50,402
	Money market mutual funds as of January 31, 2014		$	57,204
	Liability related to the interest rate swap as of  October 31, 2014						$	(71	)
	Asset related to the  interest rate swap as of January 31, 2014						$	250
	Contingent liability associated with acquisitions as of October 31, 2014									$	(736	)
	Contingent liability associated with acquisitions as of January 31, 2014									$	(1,178	)
Fair values of the derivative instrument	'
	The fair values of the derivative instrument at October 31, 2014 and January 31, 2014 were as follows (in thousands):
		( Liability) Asset Derivative
					Fair Value
		Balance Sheet			October 31,				January 31,
		Location			2014				2014
	Derivative instrument:
	Interest rate swap	Other (liabilities) assets, net		$	(71	)		$	250
	Total			$	(71	)		$	250

CAPITALIZED_SOFTWARE_COSTS_Tab

CAPITALIZED SOFTWARE COSTS (Tables)	9 Months Ended
	Oct. 31, 2014
CAPITALIZED SOFTWARE COSTS [Abstract]	'
Schedule of capitalized software costs	'
	Capitalized software costs and accumulated amortization at October 31, 2014 and January 31, 2014 were as follows:
			October 31,			January 31,
			2014			2014
		(in thousands)
	Capitalized software costs:
	Acquired software technology		$	3,577		$	3,577
	Capitalized software development costs (1)			1,044			1,183
				4,621			4,760
	Less accumulated amortization			(2,050	)		(1,445	)
	Capitalized software costs, net		$	2,571		$	3,315
		-1	Capitalized software development costs include the impact of foreign currency translation.
Estimated amortization expense	'
	The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of October 31, 2014:
	Fiscal Years		(in thousands)
	2015 remaining		$	278
	2016			1,011
	2017			837
	2018			445
			$	2,571

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Oct. 31, 2014
GOODWILL AND INTANGIBLE ASSETS [Abstract]	'
Changes in carrying amount of goodwill	'
	The changes in the carrying amount of goodwill for the nine months ended October 31, 2014 were as follows:
				Gross Carrying				Accumulated			Goodwill, Net
				Amount				Impairment
				(in thousands)
	Balance at January 31, 2014		$	26,985			$	(15,608	)	$	11,377
	Impact of foreign currency translation			(163	)			—			(163	)
	Balance at October 31, 2014		$	26,822			$	(15,608	)	$	11,214
Intangible assets	'
	Intangible Assets
			October 31,			January 31,
			2014			2014
		(in thousands)
	Amortizable intangible assets
	Customer relationships (1)		$	2,940			$	3,048
	Trade name			515				515
				3,455				3,563
	Less: accumulated amortization			(1,463	)			(978	)
	Net amortizable intangible assets		$	1,992			$	2,585
	-1	Customer relationships include the impact of foreign currency translation.
Estimated amortization expense	'
	The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of October 31, 2014:
	Fiscal Years		(in thousands)
	2015 remaining		$	174
	2016			694
	2017			694
	2018			430
			$	1,992

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Oct. 31, 2014
DEBT [Abstract]	'
Debt	'
		October 31,			January 31,
		2014			2014
		(in thousands)
	Note payable	$	15,183		$	15,474
	Less current maturities		(401	)		(389	)
	Long-term debt	$	14,782		$	15,085

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Oct. 31, 2014
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]	'
Components of accumulated other comprehensive loss, net of taxes	'
	The components of accumulated other comprehensive loss, net of taxes, were as follows:
		Foreign Currency
		Translation
		Adjustments
		(in thousands)
	Balance as of January 31, 2014	$	(6,958	)
	Other comprehensive income		666
	Amounts reclassified from accumulated other comprehensive loss		—
	Net current period other comprehensive income		666
	Balance as of October 31, 2014	$	(6,292	)

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Oct. 31, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
Dividends declared and/or paid	'
	The following table sets forth the dividends that were declared by the Company during the first nine months of fiscal 2015:
	Declaration	Record Date	Payable	Dividend		Dividend		Amount
	Date			Class A		Class B
	9/9/14	9/23/14	9/30/14	$	0.072	$	0.06	$	1,118,000
	6/11/14	6/25/14	7/2/14	$	0.072	$	0.06	$	1,113,000
	4/16/14	4/30/14	5/7/14	$	0.072	$	0.06	$	1,103,000

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Oct. 31, 2014
STOCK-BASED COMPENSATION [Abstract]	'
Allocation of stock-based compensation expense	'
	The following table sets forth reported stock-based compensation expense for the three and nine months ended October 31, 2014 and 2013:
			Three Months Ended						Nine Months Ended
			October 31,						October 31,
			2014			2013			2014		2013
			(in thousands)						(in thousands)
	Cost of maintenance, subscription and other revenue		$	51		$	58		$	150	$	161
	Cost of professional services			121			124			364		388
	Sales and marketing			203			236			587		687
	Research and development			132			160			400		512
	General and administrative			702			642			2,293		1,966
	Total stock-based compensation expense		$	1,209		$	1,220		$	3,794	$	3,714
Weighted average assumptions used to value SARs	'
	The weighted average assumptions used to value SARs granted in the nine months ended October 31, 2014 and 2013 are shown in the following table:
			Nine Months Ended
			October 31,
			2014			2013
	Expected life in years (1)			4.98			4.57
	Risk free interest rate (2)			1.58	%		1	%
	Volatility (3)			47	%		53	%
	Dividend rate (4)			1.32	%		2.42	%
	-1	The expected life of SARs granted under the stock-based compensation plans is based on historical vested SAR exercise and post-vest forfeiture patterns and includes an estimate of the expected term for SARs that were fully vested and outstanding.
	-2	The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of SARs in effect at the time of grant.
	-3	The Company estimates the volatility of its common stock at the date of grant based on the historical volatility of the Company’s common stock for a period equivalent to the expected life of the SARs, which it believes is representative of the expected volatility over the expected life of the SARs.
	-4	The Company expects to continue paying quarterly dividends at the same rate as the nine months ending on October 31, 2014.
Activity for outstanding stock options and SARs	'
	The following table summarizes the activity for outstanding SARs for the nine months ended October 31, 2014:
			Stock Options/			Weighted			Weighted		Aggregate
			SARs			Average			Average		Intrinsic Value
			(in thousands)			Exercise			Remaining		(in thousands)
						Price per			Contractual
						Share			Term (years)
	Outstanding at January 31, 2014			2,842		$	11.19
	Granted			387			21.61
	Exercised			(603	)		11.65
	Expired			(20	)		12.92
	Forfeited			(49	)		12.36
	Outstanding at October 31, 2014			2,557		$	12.62			5.3	$	21,964
	Vested and expected to vest at October 31, 2014 (1)			2,538		$	12.62			5.3	$	21,786
	Vested and exercisable October 31, 2014			1,303		$	10.51			4.2	$	13,735
	-1	The expected-to-vest SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding SARs.
Summary of activity for RSUs	'
	The following table summarizes the activity for RSUs for the nine months ended October 31, 2014:
						Weighted
						Average
						Grant Date
			RSUs			Fair Value
			(in thousands)
	Restricted stock at January 31, 2014			430		$	11.02
	Granted			285			21.25
	Released (1)			(167	)		11.91
	Forfeited			(42	)		13.73
	Restricted stock at October 31, 2014			506		$	16.27
	-1	The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.

BUSINESS_SEGMENT_INFORMATION_T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 31, 2014
BUSINESS SEGMENT INFORMATION [Abstract]	'
License and subscription revenues assigned to geographic regions	'
	License and subscription revenues are assigned to the geographic regions based on both the proportion of users in each region and sales effort. Maintenance revenue is allocated to the region where the end user customer is located. Services revenue is assigned based on the region where the services are performed.
		Three Months Ended				Nine Months Ended
		October 31,				October 31,
		2014		2013		2014		2013
		(in thousands)				(in thousands)
	Revenue:
	North America (1)	$	33,069	$	28,571	$	93,115	$	82,675
	EMEA		23,362		21,707		73,244		63,344
	Asia Pacific		12,485		11,236		35,688		34,379
	Latin America		5,088		4,146		13,492		12,383
		$	74,004	$	65,660	$	215,539	$	192,781
	(1)    Sales into Canada accounted for 2% of North America total revenue for both the three and nine months ended October 31, 2014 and 2013.

COMPUTATION_OF_NET_INCOME_PER_2

COMPUTATION OF NET INCOME PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Net income	$5,090	$2,049	$5,999	$2,040
Less: Dividends declared	-1,118	-1,090	-3,334	-3,267
Undistributed net income (loss)	3,972	959	2,665	-1,227
Net income per share [Abstract]	'	'	'	'
Dividends declared	1,118	1,090	3,334	3,267
Undistributed net income (loss)	3,972	959	2,665	-1,227
Net income attributable to common stock	5,090	2,049	5,999	2,040
Common Class A [Member]	'	'	'	'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Net income	4,218	1,694	4,971	1,688
Less: Dividends declared	-926	-901	-2,761	-2,700
Undistributed net income (loss)	3,292	793	2,210	-1,012
Net income per share [Abstract]	'	'	'	'
Dividends declared	926	901	2,761	2,700
Undistributed net income (loss)	3,292	793	2,210	-1,012
Net income attributable to common stock	4,218	1,694	4,971	1,688
Weighted average shares of common stock outstanding-basic (in shares)	12,865	12,526	12,755	12,477
Weighted average potential shares of common stock (in shares)	622	464	719	453
Weighted average shares of common stock and potential common shares outstanding-diluted (in shares)	13,487	12,990	13,474	12,930
Basic net income per common share (in dollars per share)	$0.33	$0.14	$0.39	$0.14
Diluted net income per common share (in dollars per share)	$0.31	$0.13	$0.37	$0.13
Antidilutive securities excluded from computation of net income (loss) per share (in shares)	330	1,307	277	1,148
Common Class B [Member]	'	'	'	'
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Net income	872	355	1,028	352
Less: Dividends declared	-192	-189	-573	-567
Undistributed net income (loss)	680	166	455	-215
Net income per share [Abstract]	'	'	'	'
Dividends declared	192	189	573	567
Undistributed net income (loss)	680	166	455	-215
Net income attributable to common stock	$872	$355	$1,028	$352
Weighted average shares of common stock outstanding-basic (in shares)	3,189	3,149	3,180	3,146
Weighted average potential shares of common stock (in shares)	76	86	90	88
Weighted average shares of common stock and potential common shares outstanding-diluted (in shares)	3,265	3,235	3,270	3,234
Basic net income per common share (in dollars per share)	$0.27	$0.11	$0.32	$0.11
Diluted net income per common share (in dollars per share)	$0.27	$0.11	$0.31	$0.11
Antidilutive securities excluded from computation of net income (loss) per share (in shares)	67	189	38	183

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)

9 Months Ended

9 Months Ended

Oct. 31, 2014

Jan. 31, 2014

Oct. 31, 2014

Oct. 31, 2014

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Jan. 31, 2014

Oct. 31, 2014

Jan. 31, 2014

Oct. 31, 2014

Jan. 31, 2014

Oct. 31, 2014

Jan. 31, 2014

Guaranteed Payment [Member]

Contingent upon Certain Milestones [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]

Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]

Significant Other Observable Inputs (Level 2) [Member]

Significant Other Observable Inputs (Level 2) [Member]

Significant Unobservable Inputs (Level 3) [Member]

Significant Unobservable Inputs (Level 3) [Member]

Payment April 2015 [Member]

Payment April 2015 [Member]

Other Assets, Net [Member]

Other Assets, Net [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Money market mutual funds

'

'

'

'

'

'

'

'

$50,402,000

$57,204,000

'

'

'

'

Asset related to the interest rate swap

'

'

'

'

'

'

'

'

'

'

-71,000

250,000

'

'

Contingent liability associated with acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

-736,000

-1,178,000

Cash deposited with commercial banks

21,000,000

19,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives, Fair Value [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Description of variable rate basis

'

'

'

'

'one month LIBOR

'

'

'

'

'

'

'

'

'

Total

-71,000

250,000

'

'

'

'

-71,000

250,000

'

'

'

'

'

'

Change in fair value recognized in net income

'

'

'

'

300,000

-500,000

'

'

'

'

'

'

'

'

Key Assumptions [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Discount rate (in hundredths)

4.60%

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Contingent Consideration [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contingent consideration payable

'

'

$300,000

$500,000

'

'

'

'

'

'

'

'

'

'

CAPITALIZED_SOFTWARE_COSTS_Det

CAPITALIZED SOFTWARE COSTS (Details) (USD $)	9 Months Ended
	Oct. 31, 2014		Oct. 31, 2013	Jan. 31, 2014
CAPITALIZED SOFTWARE COSTS [Abstract]	'		'	'
Acquired software technology	$3,577,000		'	$3,577,000
Capitalized software development costs	1,044,000	[1]	'	1,183,000	[1]
Capitalized software, gross	4,621,000		'	4,760,000
Less accumulated amortization	-2,050,000		'	-1,445,000
Capitalized software costs, net	2,571,000		'	3,315,000
Capitalized software, development costs, write-off	300,000		'	'
Capitalized computer software amortization	900,000		900,000	'
Capitalized Software [Member]	'		'	'
Estimated Amortization Expense [Abstract]	'		'	'
2015 remaining	278,000		'	'
2016	1,011,000		'	'
2017	837,000		'	'
2018	445,000		'	'
Total	$2,571,000		'	'
[1]	Capitalized software development costs include the impact of foreign currency translation.

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014		Oct. 31, 2013	Oct. 31, 2014		Oct. 31, 2013	Jan. 31, 2014
Gross Carrying Amount [Abstract]	'		'	'		'	'
Balance, beginning of period	'		'	$26,985		'	'
Impact of foreign currency translation	'		'	-163		'	'
Balance, end of period	26,822		'	26,822		'	'
Accumulated Impairment [Abstract]	'		'	'		'	'
Balance, beginning of period	'		'	-15,608		'	'
Impact of foreign currency translation	'		'	0		'	'
Balance, end of period	-15,608		'	-15,608		'	'
Goodwill, Net [Abstract]	'		'	'		'	'
Balance, beginning of period	'		'	11,377		'	'
Impact of foreign currency translation	'		'	-163		'	'
Balance, end of period	11,214		'	11,214		'	'
Amortizable intangible assets, gross	3,455		'	3,455		'	3,563
Less: accumulated amortization	-1,463		'	-1,463		'	-978
Net amortizable intangible assets	1,992		'	1,992		'	2,585
Amortization of intangible assets	176		178	535		531	'
Estimated Amortization Expense [Abstract]	'		'	'		'	'
2015 remaining	174		'	174		'	'
2016	694		'	694		'	'
2017	694		'	694		'	'
2018	430		'	430		'	'
Total	1,992		'	1,992		'	'
Customer Relationships [Member]	'		'	'		'	'
Goodwill, Net [Abstract]	'		'	'		'	'
Amortizable intangible assets, gross	2,940	[1]	'	2,940	[1]	'	3,048	[1]
Trade Names [Member]	'		'	'		'	'
Goodwill, Net [Abstract]	'		'	'		'	'
Amortizable intangible assets, gross	$515		'	$515		'	$515
[1]	Customer relationships include the impact of foreign currency translation.

DEBT_Details

DEBT (Details) (USD $)	Oct. 31, 2014	Jan. 31, 2014	Oct. 31, 2014	30-May-12	Oct. 31, 2014
			Rabobank N.A [Member]	2012 Mortgage [Member]	2012 Mortgage [Member]
			Unsecured Credit Agreement [Member]	Rabobank N.A [Member]	Rabobank N.A [Member]
				Quad Ortega Hill LLC [Member]	Credit Agreement [Member]
					Quad Ortega Hill LLC [Member]
Debt Instrument [Line Items]	'	'	'	'	'
Note payable	$15,183,000	$15,474,000	'	'	'
Less current maturities	-401,000	-389,000	'	'	'
Long-term debt	14,782,000	15,085,000	'	'	'
Notes Payable [Abstract]	'	'	'	'	'
Original principal amount	'	'	'	16,100,000	'
Principal and interest	'	'	'	'	88,100
Final principal payment	'	'	'	'	11,700,000
Unpaid balance	'	'	'	'	15,200,000
Maturity date	'	'	'	'	30-Jun-22
Basis spread on variable rate (in hundredths)	'	'	'	'	2.25%
One month LIBOR (in hundredths)	'	'	'	'	0.15%
Fixed interest rate (in hundredths)	'	'	'	'	4.31%
Credit Facility [Abstract]	'	'	'	'	'
Maximum borrowing capacity	'	'	20,000,000	'	'
Maturity date	'	'	15-Jul-17	'	'
Unused capacity commitment fee (in hundredths)	'	'	0.25%	'	'
Variable rate basis	'	'	'One month LIBOR plus 0.75%	'	'One month LIBOR
Basis spread on variable rate (in hundredths)	'	'	0.75%	'	'
Covenant terms	'	'	'The Facility provides that the Company maintain certain financial and operating ratios which include, among other provisions, minimum liquidity on a consolidated basis of $25 million in cash and equivalents at all times, a current ratio (calculated using current liabilities excluding deferred revenue) of not less than 1.3 to 1.0 determined at the end of each fiscal quarter, a leverage ratio of not more than 1.5 to 1.0 determined at the end of each fiscal quarter, and a debt service coverage ratio of not less than 1.5 to 1.0 determined at the end of each fiscal year. The Facility also contains customary covenants that could restrict the Company's ability to incur additional indebtedness.	'	'
Liquidity on a consolidated basis, Minimum	'	'	25,000,000	'	'
Current ratio, Minimum	'	'	1.3	'	'
Leverage ratio, Minimum	'	'	1.5	'	'
Debt service coverage ratio, Minimum	'	'	1.5	'	'
Effective borrowing rate (in hundredths)	'	'	0.90%	'	'
Borrowings outstanding	'	'	$0	'	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Accumulated Other Comprehensive Income Loss [Line Items]	'	'	'	'
Balance as of beginning of period	'	'	($6,958)	'
Other comprehensive income	873	-261	666	130
Balance as of end of period	-6,292	'	-6,292	'
Foreign Currency Translation Adjustments [Member]	'	'	'	'
Accumulated Other Comprehensive Income Loss [Line Items]	'	'	'	'
Balance as of beginning of period	'	'	-6,958	'
Other comprehensive income	'	'	666	'
Amounts reclassified from accumulated other comprehensive loss	'	'	0	'
Net current period other comprehensive income	'	'	666	'
Balance as of end of period	($6,292)	'	($6,292)	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2014
Income Tax Contingency [Line Items]	'
Reduction of unrecognized tax benefits	($1.40)
Reduction of deferred tax assets	-1.4
Discrete tax benefit	0.6
Unrecognized tax benefits that will impact effective tax rate	2
Unrecognized tax benefits recognized in next twelve months	0.2
Unrecognized tax benefits, income tax penalties and interest accrued	$0.20
India [Member]	'
Income Tax Contingency [Line Items]	'
Years in which the company is currently under audit	'fiscal years ended March 31, 1998, 1999, 2008, 2009, 2010 and 2012
Years for which the company settled audits	'fiscal year ended March 31, 2011
California [Member]	'
Income Tax Contingency [Line Items]	'
Years in which the company is currently under audit	'fiscal year ended 2004
Minnesota [Member]	'
Income Tax Contingency [Line Items]	'
Years in which the company is currently under audit	'fiscal years ended 2010, 2011, 2012, 2013
South Africa [Member]	'
Income Tax Contingency [Line Items]	'
Years for which the company settled audits	'fiscal year ended 2008
Thailand [Member]	'
Income Tax Contingency [Line Items]	'
Years for which the company settled audits	'fiscal year ended 2012
France [Member]	'
Income Tax Contingency [Line Items]	'
Years for which the company settled audits	'fiscal years ended 2011, 2012 and 2013
Wilmington [Member]	'
Income Tax Contingency [Line Items]	'
Years for which the company settled audits	'calendar years 2009, 2010, 2011, 2012, 2013

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	9 Months Ended
	Oct. 31, 2014
Dividends Declaration Date One [Member]	'
Dividends [Abstract]	'
Declaration date	9-Sep-14
Record date	23-Sep-14
Payable	30-Sep-14
Amount Paid in Cash	$1,118,000
Dividends Declaration Date Two [Member]	'
Dividends [Abstract]	'
Declaration date	11-Jun-14
Record date	25-Jun-14
Payable	2-Jul-14
Amount Paid in Cash	1,113,000
Dividends Declaration Date Three [Member]	'
Dividends [Abstract]	'
Declaration date	16-Apr-14
Record date	30-Apr-14
Payable	7-May-14
Amount Paid in Cash	$1,103,000
Common Class A [Member] | Dividends Declaration Date One [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.07
Common Class A [Member] | Dividends Declaration Date Two [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.07
Common Class A [Member] | Dividends Declaration Date Three [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.07
Common Class B [Member] | Dividends Declaration Date One [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.06
Common Class B [Member] | Dividends Declaration Date Two [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.06
Common Class B [Member] | Dividends Declaration Date Three [Member]	'
Dividends [Abstract]	'
Dividend (in dollars per share)	$0.06

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended			9 Months Ended
	Oct. 31, 2014		Oct. 31, 2013	Oct. 31, 2014		Oct. 31, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	$1,209,000		$1,220,000	$3,794,000		$3,714,000
Options/SARs [Member]	'		'	'		'
Weighted average assumptions used to value Option/SAR [Abstract]	'		'	'		'
Expected life in years	'		'	'4 years 11 months 23 days	[1]	'4 years 6 months 25 days	[1]
Risk free interest rate (in hundredths)	'		'	1.58%	[2]	1.00%	[2]
Volatility (in hundredths)	'		'	47.00%	[3]	53.00%	[3]
Dividend rate (in hundredths)	'		'	1.32%	[4]	2.42%	[4]
Stock Options/SARs [Roll Forward]	'		'	'		'
Outstanding at beginning of period (in shares)	'		'	2,842,000		'
Granted (in shares)	'		'	387,000		'
Exercised (in shares)	'		'	-603,000		'
Expired (in shares)	'		'	-20,000		'
Forfeited (in shares)	'		'	-49,000		'
Outstanding at end of period (in shares)	2,557,000		'	2,557,000		'
Vested and expected to vest (in shares)	2,538,000	[5]	'	2,538,000	[5]	'
Vested and exercisable (in shares)	1,303,000		'	1,303,000		'
Weighted Average Exercise Price per Share [Abstract]	'		'	'		'
Outstanding at beginning of period (in dollars per shares)	'		'	$11.19		'
Granted (in dollars per share)	'		'	$21.61		'
Exercised (in dollars per shares)	'		'	$11.65		'
Expired (in dollars per shares)	'		'	$12.92		'
Forfeited (in dollars per shares)	'		'	$12.36		'
Outstanding at end of period (in dollars per shares)	$12.62		'	$12.62		'
Vested and expected to vest (in dollars per share)	$12.62	[5]	'	$12.62	[5]	'
Vested and exercisable (in dollars per share)	$10.51		'	$10.51		'
Additional disclosures [Abstract]	'		'	'		'
Weighted average remaining contractual term, outstanding at end of period	'		'	'5 years 3 months 18 days		'
Weighted average remaining contractual term, vested and expected to vest at end of period	'		'	'5 years 3 months 18 days	[5]	'
Weighted average remaining contractual term, vested and exercisable at end of period	'		'	'4 years 2 months 12 days		'
Aggregate intrinsic value, outstanding at end of period	21,964,000		'	21,964,000		'
Aggregate intrinsic value, vested and expected to vest at end of period	21,786,000	[5]	'	21,786,000	[5]	'
Aggregate intrinsic value, vested and exercisable at end of period	13,735,000		'	13,735,000		'
Total intrinsic value of stock options or SARs exercised	5,100,000		'	'		'
Number of shares withheld for payment of taxes (in shares)	5,000		'	78,000		'
Value of shares withheld for payment of taxes	100,000		'	1,600,000		'
Total unrecognized compensation cost	6,000,000		'	6,000,000		'
Weighted-average period to recognize total unrecognized compensation cost	'		'	'2 years 9 months 18 days		'
RSUs [Member]	'		'	'		'
Additional disclosures [Abstract]	'		'	'		'
Number of shares withheld for payment of taxes (in shares)	1,000		'	45,000		'
Value of shares withheld for payment of taxes	12,000		'	1,000,000		'
Total unrecognized compensation cost	6,700,000		'	6,700,000		'
Weighted-average period to recognize total unrecognized compensation cost	'		'	'3 years 1 month 6 days		'
Summary of activity of RSUs [Roll Forward]	'		'	'		'
Restricted stock at beginning of period (in shares)	'		'	430,000		'
Granted (in shares)	'		'	285,000		'
Released (in shares)	'		'	-167,000	[6]	'
Forfeited (in shares)	'		'	-42,000		'
Restricted stock at end of period (in shares)	506,000		'	506,000		'
Weighted Average Grant Date Fair Value [Abstract]	'		'	'		'
Restricted stock at beginning of period (in dollars per share)	'		'	$11.02		'
Granted (in dollars per share)	'		'	$21.25		'
Released (in dollars per share)	'		'	$11.91	[6]	'
Forfeited (in dollars per share)	'		'	$13.73		'
Restricted stock at end of period (in dollars per share)	$16.27		'	$16.27		'
Cost of Maintenance, Subscription and Other Revenue [Member]	'		'	'		'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	51,000		58,000	150,000		161,000
Cost of Professional Services [Member]	'		'	'		'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	121,000		124,000	364,000		388,000
Sales and Marketing [Member]	'		'	'		'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	203,000		236,000	587,000		687,000
Research and Development [Member]	'		'	'		'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	132,000		160,000	400,000		512,000
General and Administrative [Member]	'		'	'		'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'		'	'		'
Share-based compensation	$702,000		$642,000	$2,293,000		$1,966,000
[1]	The expected life of SARs granted under the stock-based compensation plans is based on historical vested SAR exercise and post-vest forfeiture patterns and includes an estimate of the expected term for SARs that were fully vested and outstanding.
[2]	The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of SARs in effect at the time of grant.
[3]	The Company estimates the volatility of its common stock at the date of grant based on the historical volatility of the Company's common stock for a period equivalent to the expected life of the SARs, which it believes is representative of the expected volatility over the expected life of the SARs.
[4]	The Company expects to continue paying quarterly dividends at the same rate as the nine months ending on October 31, 2014.
[5]	The expected-to-vest SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding SARs.
[6]	The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.

BUSINESS_SEGMENT_INFORMATION_D

BUSINESS SEGMENT INFORMATION (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014		Oct. 31, 2013		Oct. 31, 2014		Oct. 31, 2013
					Region
					Segment
BUSINESS SEGMENT INFORMATION [Abstract]	'		'		'		'
Number of geographic regions	'		'		4		'
Number of operating segments	'		'		1		'
Revenues From External Customers And Long Lived Assets [Line Items]	'		'		'		'
Revenue	$74,004		$65,660		$215,539		$192,781
Percentage of sales into Canada to North America total revenue (in hundredths)	2.00%		2.00%		2.00%		2.00%
North America [Member]	'		'		'		'
Revenues From External Customers And Long Lived Assets [Line Items]	'		'		'		'
Revenue	33,069	[1]	28,571	[1]	93,115	[1]	82,675	[1]
EMEA [Member]	'		'		'		'
Revenues From External Customers And Long Lived Assets [Line Items]	'		'		'		'
Revenue	23,362		21,707		73,244		63,344
Asia Pacific [Member]	'		'		'		'
Revenues From External Customers And Long Lived Assets [Line Items]	'		'		'		'
Revenue	12,485		11,236		35,688		34,379
Latin America [Member]	'		'		'		'
Revenues From External Customers And Long Lived Assets [Line Items]	'		'		'		'
Revenue	$5,088		$4,146		$13,492		$12,383
[1]	Sales into Canada accounted for 2% of North America total revenue for both the three and nine months ended October 31, 2014 and 2013.