Qad (QADA) 10-Q 8 Jun 15 2016 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2015	31-May-15
Entity Information [Line Items]
Entity Registrant Name	QAD INC
Entity Central Index Key	1036188
Current Fiscal Year End Date	-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Apr-15
Common Class A [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		15,377,841
Common Class B [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,199,954

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Current assets:
Cash and equivalents	$130,864	$120,526
Accounts receivable, net of allowances of $2,720 and $2,524 at April 30, 2015 and January 31, 2015, respectively	51,222	78,887
Deferred tax assets, net	9,266	9,313
Other current assets	15,436	14,799
Total current assets	206,788	223,525
Property and equipment, net	33,240	33,154
Capitalized software costs, net	2,237	2,485
Goodwill	10,857	10,911
Deferred tax assets, net	10,063	9,680
Other assets, net	3,440	3,614
Total assets	266,625	283,369
Current liabilities:
Current portion of long-term debt	409	406
Accounts payable	8,281	12,872
Deferred revenue	91,408	102,721
Other current liabilities	26,866	35,765
Total current liabilities	126,964	151,764
Long-term debt	14,575	14,680
Other liabilities	4,764	5,219
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	194,039	185,546
Treasury stock, at cost (1,562,678 shares and 1,609,958 shares at April 30, 2015 and January 31, 2015, respectively)	-22,178	-22,977
Accumulated deficit	-44,215	-43,465
Accumulated other comprehensive loss	-7,345	-7,418
Total stockholders' equity	120,322	111,706
Total liabilities and stockholders' equity	266,625	283,369
Common Class A [Member]
Common stock:
Common Stock Value	17	16
Common Class B [Member]
Common stock:
Common Stock Value	$4	$4

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, except Share data, unless otherwise specified
Current assets:
Accounts receivable, net of allowances	$2,720	$2,524
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)	1,562,678	1,609,958
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)	16,602,512	16,152,405
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)	3,537,322	3,537,298

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Revenue:
License fees	$6,851	$6,652
Subscription fees	9,419	6,192
Maintenance and other	33,383	36,076
Professional services	19,612	19,565
Total revenue	69,265	68,485
Costs of revenue:
License fees	929	900
Subscription fees	5,064	3,786
Maintenance and other	7,777	8,170
Professional services	18,328	18,575
Total cost of revenue	32,098	31,431
Gross profit	37,167	37,054
Operating expenses:
Sales and marketing	17,145	16,477
Research and development	10,657	11,195
General and administrative	8,441	8,904
Amortization of intangibles from acquisitions	164	180
Total operating expenses	36,407	36,756
Operating income	760	298
Other expense (income):
Interest income	-57	-57
Interest expense	183	181
Other expense (income), net	-119	226
Total other expense (income), net	7	350
Income (loss) before income taxes	753	-52
Income tax expense	204	24
Net income (loss)	549	-76
Diluted net income (loss) per share
Net income (loss)	549	-76
Other comprehensive income, net of tax:
Foreign currency translation adjustments	73	139
Total comprehensive income	622	63
Common Class A [Member]
Other expense (income):
Net income (loss)	468	-64
Basic net income (loss) per share
Earnings per share (in dollars per share)	$0.03	($0.01)
Diluted net income (loss) per share
Earnings per share (in dollars per share)	$0.03	($0.01)
Net income (loss)	468	-64
Common Class B [Member]
Other expense (income):
Net income (loss)	81	-12
Basic net income (loss) per share
Earnings per share (in dollars per share)	$0.03	$0
Diluted net income (loss) per share
Earnings per share (in dollars per share)	$0.02	$0
Net income (loss)	$81	($12)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Cash flows from operating activities:
Net income (loss)	$549	($76)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,454	1,419
Provision for doubtful accounts and sales adjustments	311	159
Stock compensation expense	1,306	876
Change in fair value of a derivative instrument	-245	46
Excess tax benefits from share-based payment arrangements	-151	-143
Other, net	0	12
Changes in assets and liabilities:
Accounts receivable	26,823	20,322
Other assets	-1,122	-1,093
Accounts payable	-4,456	-3,314
Deferred revenue	-11,157	-8,073
Other liabilities	-8,976	-6,957
Net cash provided by operating activities	4,336	3,178
Cash flows from investing activities:
Purchase of property and equipment	-1,140	-570
Capitalized software costs	-28	-56
Net cash used in investing activities	-1,168	-626
Cash flows from financing activities:
Repayments of debt	-102	-97
Tax payments, net of proceeds, related to stock awards	-391	-577
Payment of contingent liability associated with acquisitions	-750	-471
Excess tax benefits from share-based payment arrangements	151	143
Proceeds from issuance of common stock, net of issuance of costs	8,365	0
Net cash provided by (used in) financing activities	7,273	-1,002
Effect of exchange rates on cash and equivalents	-103	691
Net increase in cash and equivalents	10,338	2,241
Cash and equivalents at beginning of period	120,526	75,984
Cash and equivalents at end of period	130,864	78,225
Supplemental disclosure of non-cash activities:
Obligations associated with dividend declaration	$1,299	$1,103

BASIS_OF_PRESENTATION_AND_RECE

BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Apr. 30, 2015
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, 2015. The Condensed Consolidated Financial Statements include the results of the Company and its wholly owned subsidiaries. The results of operations for the three months ended April 30, 2015 are not necessarily indicative of the results to be expected for the year ending January 31, 2016.
	Recent Accounting Pronouncements
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. ASU 2014-09 will be effective for the Company’s fiscal year beginning February 1, 2017. On April 29, 2015, the FASB issued an exposure draft proposing a one-year deferral of the effective date for all entities. If approved, this exposure draft would make ASU 2014-09 effective for the Company’s fiscal year beginning February 1, 2018. Under the exposure draft, early adoption would be permitted for the Company’s fiscal year beginning February 1, 2017. 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_LOSS

COMPUTATION OF NET INCOME (LOSS) PER SHARE	3 Months Ended
	Apr. 30, 2015
COMPUTATION OF NET INCOME (LOSS) PER SHARE [Abstract]
COMPUTATION OF NET INCOME (LOSS) PER SHARE	2.   COMPUTATION OF NET INCOME (LOSS) PER SHARE
	The following table sets forth the computation of basic and diluted net income (loss) per share:
		Three Months Ended
		April 30,
		2015			2014
		(in thousands except per share data)
	Net income (loss)	$	549		$	(76	)
	Less: Dividends declared		(1,299	)		(1,103	)
	Undistributed net loss	$	(750	)	$	(1,179	)
	Net income (loss) per share – Class A Common Stock
	Dividends declared	$	1,107		$	912
	Allocation of undistributed net loss		(639	)		(976	)
	Net income (loss) attributable to Class A common stock	$	468		$	(64	)
	Weighted average shares of Class A common stock outstanding—basic		15,262			12,628
	Weighted average potential shares of Class A common stock		786			—
	Weighted average shares of Class A common stock and potential common shares outstanding—diluted		16,048			12,628
	Basic net income (loss) per Class A common share	$	0.03		$	(0.01	)
	Diluted net income (loss) per Class A common share	$	0.03		$	(0.01	)
	Net income (loss) per share – Class B Common Stock
	Dividends declared	$	192		$	191
	Allocation of undistributed net loss		(111	)		(203	)
	Net income (loss) attributable to Class B common stock	$	81		$	(12	)
	Weighted average shares of Class B common stock outstanding—basic		3,196			3,168
	Weighted average potential shares of Class B common stock		83			—
	Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,279			3,168
	Basic net income (loss) per Class B common share	$	0.03		$	(0.00	)
	Diluted net income (loss) per Class B common share	$	0.02		$	(0.00	)
	Potential common shares consist of the shares issuable upon the release of restricted stock units (“RSUs”) and the exercise of stock options and stock appreciation rights (“SARs”). The Company’s unvested RSUs and unexercised SARs are not considered participating securities as they do not have rights to dividends or dividend equivalents prior to release or exercise.
	The following table sets forth the number of potential common shares not included in the calculation of diluted earnings per share because their effects were anti-dilutive:
		Three Months Ended
		April 30,
		2015			2014
		(in thousands)
	Class A		326			2,778
	Class B		60			371

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS

3 Months Ended

Apr. 30, 2015

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.

·

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. As of January 31, 2015, there was one remaining future payment due April 2015 which consisted of a guaranteed payment of $0.3 million and $0.5 million contingent upon certain milestones. The maximum contingent liability of $0.8 million was paid in March, 2015.

The following table sets forth the financial assets, measured at fair value, as of April 30, 2015 and January 31, 2015:

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 April 30, 2015

$

109,506

Money market mutual funds as of January 31, 2015

$

98,294

Liability related to the interest rate swap as of April 30, 2015

$

(381

)

Liability related to the interest rate swap as of January 31, 2015

$

(626

)

Contingent liability associated with acquisitions as of April 30, 2015

$

-

Contingent liability associated with acquisitions as of January 31, 2015

$

(750

)

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 $22 million as of April 30, 2015 and January 31, 2015, respectively.

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.

There have been no transfers between fair value measurements levels during the three months ended April 30, 2015.

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” in the Condensed Consolidated Statements of Operations 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 April 30, 2015 and January 31, 2015 were as follows (in thousands):

(Liability) Derivative

Fair Value

Balance Sheet

April 30,

January 31,

Location

2015

2015

Derivative instrument:

Interest rate swap

Other liabilities

$

(381

)

$

(626

)

Total

$

(381

)

$

(626

)

The change in fair value of the interest rate swap recognized in the Condensed Consolidated Statement of Operations and Comprehensive Income for the three months ended April 30, 2015 and 2014 was $(245,000) and $46,000, respectively.

CAPITALIZED_SOFTWARE_COSTS

CAPITALIZED SOFTWARE COSTS	3 Months Ended
	Apr. 30, 2015
CAPITALIZED SOFTWARE COSTS [Abstract]
CAPITALIZED SOFTWARE COSTS	4. CAPITALIZED SOFTWARE COSTS
	Capitalized software costs and accumulated amortization at April 30, 2015 and January 31, 2015 were as follows:
			April 30,			January 31,
			2015			2015
			(in thousands)
	Capitalized software costs:
	Acquired software technology		$	3,458		$	3,458
	Capitalized software development costs (1)			1,099			1,206
				4,557			4,664
	Less accumulated amortization			(2,320	)		(2,179	)
	Capitalized software costs, net		$	2,237		$	2,485
		-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.
	Amortization of capitalized software costs was $0.3 million for each of the three months ended April 30, 2015 and 2014. Amortization of capitalized software costs is included in “Cost of license fees” in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
	The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of April 30, 2015:
	Fiscal Years		(in thousands)
	2016 remaining		$	797
	2017			912
	2018			521
	2019			7
			$	2,237

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Apr. 30, 2015
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 three months ended April 30, 2015 were as follows:
			Gross Carrying			Accumulated			Goodwill, Net
			Amount			Impairment
			(in thousands)
	Balance at January 31, 2015		$	26,519		$	(15,608	)	$	10,911
	Impact of foreign currency translation			(54	)		—			(54	)
	Balance at April 30, 2015		$	26,465		$	(15,608	)	$	10,857
	The Company performed its annual goodwill impairment review during the fourth quarter of fiscal 2015. The analysis compared the Company’s market capitalization to its net assets as of the test date, November 30, 2014. As the market capitalization significantly exceeded the Company’s net assets, there was no indication of goodwill impairment for fiscal 2015. The Company monitors the indicators for goodwill impairment testing between annual tests. No adverse events occurred during the three months ended April 30, 2015, that would cause the Company to test goodwill for impairment.
	Intangible Assets
			April 30,			January 31,
			2015			2015
			(in thousands)
	Amortizable intangible assets
	Customer relationships (1)		$	2,771		$	2,793
	Trade name			515			515
				3,286			3,308
	Less: accumulated amortization			(1,712	)		(1,558	)
	Net amortizable intangible assets		$	1,574		$	1,750
	-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 April 30, 2015, 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 $0.2 million for each of the first quarters of fiscal 2016 and 2015. The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of April 30, 2015:
	Fiscal Years		(in thousands)
	2016 remaining		$	495
	2017			661
	2018			418
			$	1,574

DEBT

DEBT	3 Months Ended
	Apr. 30, 2015
DEBT [Abstract]
DEBT	6.   DEBT
		April 30,			January 31,
		2015			2015
		(in thousands)
	Note payable	$	14,984		$	15,086
	Less current maturities		(409	)		(406	)
	Long-term debt	$	14,575		$	14,680
	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 0.18% at April 30, 2015. 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 April 30, 2015 was $15.0 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 of 0.25% per annum of the daily average of the unused portion of the $20 million Facility. Borrowings under the Facility bore interest at a rate equal to one month LIBOR plus 0.75%. At April 30, 2015, the effective borrowing rate would have been 0.93%.
	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 April 30, 2015, there were no borrowings under the Facility and the Company was in compliance with all financial covenants.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Apr. 30, 2015
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, 2015	$	(7,418	)
	Other comprehensive income		73
	Amounts reclassified from accumulated other comprehensive loss		—
	Net current period other comprehensive income		73
	Balance as of April 30, 2015	$	(7,345	)
	During the first quarter of fiscal 2016 there were no reclassifications from accumulated other comprehensive loss.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Apr. 30, 2015
INCOME TAXES [Abstract]
INCOME TAXES	8.  INCOME TAXES
	The gross amount of unrecognized tax benefits was $1.9 million at April 30, 2015, including interest and penalties.  During the first quarter of fiscal 2015 the Company adopted 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.  As a result of adoption of ASU 2013-11, the Company reduced its unrecognized tax benefits by $1.4 million with an accompanying reduction of deferred tax assets by $1.4 million.  The entire amount of 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 next twelve months, due to potential settlements with domestic tax authorities related to tax credits and lapse in statute of limitations, an estimated $0.3 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 April 30, 2015, 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,  2009, 2010, 2012 and 2013
		·	California for the fiscal year ended 2004
		·	Minnesota for the fiscal years ended 2010, 2011, 2012, 2013
	During the first quarter of fiscal year 2016, QAD India settled its audit for the fiscal year ended March 31, 2008.   No adjustments were made as a result of such settlements.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Apr. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	9.  STOCKHOLDERS’ EQUITY
	Issuance of Common Stock
	On January 22, 2015, the Company closed an offering of 2,000,000 shares of Class A common stock. The net proceeds to the Company from the sale of the stock were $37.0 million after deducting underwriting discounts and commissions and offering expenses. On February 18, 2015 the offering underwriters exercised in full an option to purchase additional shares. As a result, 450,000 shares of Class A common stock were issued generating approximately $8.4 million in additional net proceeds.
	Dividends
	The following table sets forth the dividends that were declared by the Company during the first quarter of fiscal 2016:
	Declaration	Record Date	Payable	Dividend		Dividend		Amount
	Date			Class A		Class B
	4/15/15	4/29/15	5/6/15	$	0.072	$	0.06	$	1,299,000

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Apr. 30, 2015
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 5 “Stock-Based Compensation” in Notes to Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended January 31, 2015.
	Stock-Based Compensation
	The following table sets forth reported stock-based compensation expense for the three months ended April 30, 2015 and 2014:
			Three Months Ended
			April 30,
			2015			2014
			(in thousands)
	Cost of subscription		$	12		$	8
	Cost of maintenance and other revenue			46			29
	Cost of professional services			119			87
	Sales and marketing			261			127
	Research and development			148			92
	General and administrative			720			533
	Total stock-based compensation expense		$	1,306		$	876
	SAR Information
	The weighted average assumptions used to value SARs granted in the three months ended April 30, 2015 and 2014 are shown in the following table:
			Three Months Ended
			April 30,
			2015(5)			2014
	Expected life in years (1)			—			3.75
	Risk free interest rate (2)			—			1.14	%
	Volatility (3)			—			49	%
	Dividend rate (4)			—			2.44	%
	-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 three months ending on April 30, 2015.
	-5	There were no SARs granted during the three months ended April 30, 2015.
	The following table summarizes the activity for outstanding SARs for the three months ended April 30, 2015:
						Weighted			Weighted
						Average			Average
						Exercise			Remaining		Aggregate
			SARs			Price per			Contractual		Intrinsic Value
			(in thousands)			Share			Term (years)		(in thousands)
	Outstanding at January 31, 2015			2,499		$	12.69
	Granted			—			—
	Exercised			(118	)		11
	Expired			(10	)		14.76
	Forfeited			—			—
	Outstanding at April 30, 2015			2,371		$	12.76			5	$	26,123
	Vested and expected to vest at April 30, 2015 (1)			2,359		$	12.77			5	$	25,978
	Vested and exercisable at April 30, 2015			1,198		$	10.48			4	$	15,866
	-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 April 30, 2015, and the exercise price for in-the-money SARs) that would have been received by the holders if all SARs had been exercised on April 30, 2015. The total intrinsic value of SARs exercised in the three months ended April 30, 2015 was $1.5 million.
	The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements.  During the quarter ended April 30, 2015, the Company withheld 15,600 shares for payment of these taxes at a value of $0.4 million.
	At April 30, 2015, there was approximately $4.8 million of total unrecognized compensation cost related to unvested SARs. This cost is expected to be recognized over a weighted-average period of approximately 2.4 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 three months ended April 30, 2015:
						Weighted
						Average
						Grant Date
			RSUs			Fair Value
			(in thousands)
	Restricted stock at January 31, 2015			503		$	16.27
	Granted			60			21.93
	Released (1)			(2	)		13.09
	Forfeited			(5	)		16.79
	Restricted stock at April 30, 2015			556		$	16.88
	-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 April 30, 2015, the Company withheld 600 shares for payment of these taxes at a value of $14,000.
	Total unrecognized compensation cost related to RSUs was approximately $6.7 million as of April 30, 2015. This cost is expected to be recognized over a weighted-average period of approximately 2.6 years.

DEFERRED_REVENUES

DEFERRED REVENUES	3 Months Ended
	Apr. 30, 2015
DEFERRED REVENUES [Abstract]
DEFERRED REVENUES	11. DEFERRED REVENUES
	Deferred revenues consisted of the following:
		April 30,		January 31,
		2015		2015
		(in thousands)
	Deferred maintenance revenue	$	75,744	$	86,381
	Deferred subscription revenue		11,622		11,563
	Deferred services revenue		2,621		2,813
	Deferred license revenue		1,028		1,890
	Deferred other revenue		393		74
	Deferred revenues, current		91,408		102,721
	Deferred revenues, non-current (in Other liabilities)		2,114		2,361
	Total deferred revenues	$	93,522	$	105,082
	Deferred maintenance and subscription revenues represent customer payments made in advance for support and subscription contracts. Support and subscription are billed in advance with corresponding revenues being recognized ratably over the support and subscription periods. Support is typically billed annually while subscription is typically billed quarterly. Deferred license revenues result from undelivered products or specified enhancements, customer specific acceptance provisions and software license transactions that cannot be segmented from undelivered consulting or other services. Deferred services revenues represent both prepayments for our professional services where revenues for these services are generally recognized as the Company completes the performance obligations for the prepaid services; and services already provided but deferred due to software revenue recognition rules.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	12.  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	3 Months Ended
	Apr. 30, 2015
BUSINESS SEGMENT INFORMATION [Abstract]
BUSINESS SEGMENT INFORMATION	13.  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
			April 30,
			2015		2014
	Revenue:		(in thousands)
	North America (1)		$	30,222	$	29,139
	EMEA			21,802		24,151
	Asia Pacific			11,725		11,332
	Latin America			5,516		3,863
			$	69,265	$	68,485
	-1	Sales into Canada accounted for 2% of North America total revenue in each of the three months ended April 30, 2015 and 2014.

BASIS_OF_PRESENTATION_AND_RECE1

BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	3 Months Ended
	Apr. 30, 2015
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, 2015. The Condensed Consolidated Financial Statements include the results of the Company and its wholly owned subsidiaries. The results of operations for the three months ended April 30, 2015 are not necessarily indicative of the results to be expected for the year ending January 31, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. ASU 2014-09 will be effective for the Company’s fiscal year beginning February 1, 2017. On April 29, 2015, the FASB issued an exposure draft proposing a one-year deferral of the effective date for all entities. If approved, this exposure draft would make ASU 2014-09 effective for the Company’s fiscal year beginning February 1, 2018. Under the exposure draft, early adoption would be permitted for the Company’s fiscal year beginning February 1, 2017. 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_LOSS1

COMPUTATION OF NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Apr. 30, 2015
COMPUTATION OF NET INCOME (LOSS) 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 (loss) per share:
		Three Months Ended
		April 30,
		2015			2014
		(in thousands except per share data)
	Net income (loss)	$	549		$	(76	)
	Less: Dividends declared		(1,299	)		(1,103	)
	Undistributed net loss	$	(750	)	$	(1,179	)
	Net income (loss) per share – Class A Common Stock
	Dividends declared	$	1,107		$	912
	Allocation of undistributed net loss		(639	)		(976	)
	Net income (loss) attributable to Class A common stock	$	468		$	(64	)
	Weighted average shares of Class A common stock outstanding—basic		15,262			12,628
	Weighted average potential shares of Class A common stock		786			—
	Weighted average shares of Class A common stock and potential common shares outstanding—diluted		16,048			12,628
	Basic net income (loss) per Class A common share	$	0.03		$	(0.01	)
	Diluted net income (loss) per Class A common share	$	0.03		$	(0.01	)
	Net income (loss) per share – Class B Common Stock
	Dividends declared	$	192		$	191
	Allocation of undistributed net loss		(111	)		(203	)
	Net income (loss) attributable to Class B common stock	$	81		$	(12	)
	Weighted average shares of Class B common stock outstanding—basic		3,196			3,168
	Weighted average potential shares of Class B common stock		83			—
	Weighted average shares of Class B common stock and potential common shares outstanding—diluted		3,279			3,168
	Basic net income (loss) per Class B common share	$	0.03		$	(0.00	)
	Diluted net income (loss) per Class B common share	$	0.02		$	(0.00	)
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 earnings per share because their effects were anti-dilutive:
		Three Months Ended
		April 30,
		2015			2014
		(in thousands)
	Class A		326			2,778
	Class B		60			371

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Apr. 30, 2015
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 April 30, 2015 and January 31, 2015:
		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 April 30, 2015	$	109,506
	Money market mutual funds as of January 31, 2015	$	98,294
	Liability related to the interest rate swap as of April 30, 2015				$	(381	)
	Liability related to the interest rate swap as of January 31, 2015				$	(626	)
	Contingent liability associated with acquisitions as of April 30, 2015								$	-
	Contingent liability associated with acquisitions as of January 31, 2015								$	(750	)
Fair values of the derivative instrument	The fair values of the derivative instrument at April 30, 2015 and January 31, 2015 were as follows (in thousands):
		(Liability) Derivative
				Fair Value
		Balance Sheet		April 30,				January 31,
		Location		2015				2015
	Derivative instrument:
	Interest rate swap	Other liabilities		$	(381	)		$	(626	)
	Total			$	(381	)		$	(626	)

CAPITALIZED_SOFTWARE_COSTS_Tab

CAPITALIZED SOFTWARE COSTS (Tables)	3 Months Ended
	Apr. 30, 2015
CAPITALIZED SOFTWARE COSTS [Abstract]
Schedule of capitalized software costs	Capitalized software costs and accumulated amortization at April 30, 2015 and January 31, 2015 were as follows:
			April 30,			January 31,
			2015			2015
			(in thousands)
	Capitalized software costs:
	Acquired software technology		$	3,458		$	3,458
	Capitalized software development costs (1)			1,099			1,206
				4,557			4,664
	Less accumulated amortization			(2,320	)		(2,179	)
	Capitalized software costs, net		$	2,237		$	2,485
		-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 April 30, 2015:
	Fiscal Years		(in thousands)
	2016 remaining		$	797
	2017			912
	2018			521
	2019			7
			$	2,237

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Apr. 30, 2015
GOODWILL AND INTANGIBLE ASSETS [Abstract]
Changes in carrying amount of goodwill	The changes in the carrying amount of goodwill for the three months ended April 30, 2015 were as follows:
			Gross Carrying			Accumulated			Goodwill, Net
			Amount			Impairment
			(in thousands)
	Balance at January 31, 2015		$	26,519		$	(15,608	)	$	10,911
	Impact of foreign currency translation			(54	)		—			(54	)
	Balance at April 30, 2015		$	26,465		$	(15,608	)	$	10,857
Intangible assets	Intangible Assets
			April 30,			January 31,
			2015			2015
			(in thousands)
	Amortizable intangible assets
	Customer relationships (1)		$	2,771		$	2,793
	Trade name			515			515
				3,286			3,308
	Less: accumulated amortization			(1,712	)		(1,558	)
	Net amortizable intangible assets		$	1,574		$	1,750
	-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 April 30, 2015:
	Fiscal Years		(in thousands)
	2016 remaining		$	495
	2017			661
	2018			418
			$	1,574

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Apr. 30, 2015
DEBT [Abstract]
Debt		April 30,			January 31,
		2015			2015
		(in thousands)
	Note payable	$	14,984		$	15,086
	Less current maturities		(409	)		(406	)
	Long-term debt	$	14,575		$	14,680

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Apr. 30, 2015
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, 2015	$	(7,418	)
	Other comprehensive income		73
	Amounts reclassified from accumulated other comprehensive loss		—
	Net current period other comprehensive income		73
	Balance as of April 30, 2015	$	(7,345	)

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Apr. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
Dividends declared and/or paid	The following table sets forth the dividends that were declared by the Company during the first quarter of fiscal 2016:
	Declaration	Record Date	Payable	Dividend		Dividend		Amount
	Date			Class A		Class B
	4/15/15	4/29/15	5/6/15	$	0.072	$	0.06	$	1,299,000

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Apr. 30, 2015
STOCK-BASED COMPENSATION [Abstract]
Allocation of stock-based compensation expense	The following table sets forth reported stock-based compensation expense for the three months ended April 30, 2015 and 2014:
			Three Months Ended
			April 30,
			2015			2014
			(in thousands)
	Cost of subscription		$	12		$	8
	Cost of maintenance and other revenue			46			29
	Cost of professional services			119			87
	Sales and marketing			261			127
	Research and development			148			92
	General and administrative			720			533
	Total stock-based compensation expense		$	1,306		$	876
Weighted average assumptions used to value SARs	The weighted average assumptions used to value SARs granted in the three months ended April 30, 2015 and 2014 are shown in the following table:
			Three Months Ended
			April 30,
			2015(5)			2014
	Expected life in years (1)			—			3.75
	Risk free interest rate (2)			—			1.14	%
	Volatility (3)			—			49	%
	Dividend rate (4)			—			2.44	%
	-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 three months ending on April 30, 2015.
	-5	There were no SARs granted during the three months ended April 30, 2015.
Activity for outstanding SARs	The following table summarizes the activity for outstanding SARs for the three months ended April 30, 2015:
						Weighted			Weighted
						Average			Average
						Exercise			Remaining		Aggregate
			SARs			Price per			Contractual		Intrinsic Value
			(in thousands)			Share			Term (years)		(in thousands)
	Outstanding at January 31, 2015			2,499		$	12.69
	Granted			—			—
	Exercised			(118	)		11
	Expired			(10	)		14.76
	Forfeited			—			—
	Outstanding at April 30, 2015			2,371		$	12.76			5	$	26,123
	Vested and expected to vest at April 30, 2015 (1)			2,359		$	12.77			5	$	25,978
	Vested and exercisable at April 30, 2015			1,198		$	10.48			4	$	15,866
	-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 three months ended April 30, 2015:
						Weighted
						Average
						Grant Date
			RSUs			Fair Value
			(in thousands)
	Restricted stock at January 31, 2015			503		$	16.27
	Granted			60			21.93
	Released (1)			(2	)		13.09
	Forfeited			(5	)		16.79
	Restricted stock at April 30, 2015			556		$	16.88
	-1	The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.

DEFERRED_REVENUES_Tables

DEFERRED REVENUES (Tables)	3 Months Ended
	Apr. 30, 2015
DEFERRED REVENUES [Abstract]
Deferred revenues		April 30,		January 31,
		2015		2015
		(in thousands)
	Deferred maintenance revenue	$	75,744	$	86,381
	Deferred subscription revenue		11,622		11,563
	Deferred services revenue		2,621		2,813
	Deferred license revenue		1,028		1,890
	Deferred other revenue		393		74
	Deferred revenues, current		91,408		102,721
	Deferred revenues, non-current (in Other liabilities)		2,114		2,361
	Total deferred revenues	$	93,522	$	105,082

BUSINESS_SEGMENT_INFORMATION_T

BUSINESS SEGMENT INFORMATION (Tables)	3 Months Ended
	Apr. 30, 2015
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
			April 30,
			2015		2014
	Revenue:		(in thousands)
	North America (1)		$	30,222	$	29,139
	EMEA			21,802		24,151
	Asia Pacific			11,725		11,332
	Latin America			5,516		3,863
			$	69,265	$	68,485
	-1	Sales into Canada accounted for 2% of North America total revenue in each of the three months ended April 30, 2015 and 2014.

COMPUTATION_OF_NET_INCOME_LOSS2

COMPUTATION OF NET INCOME (LOSS) PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$549	($76)
Less: Dividends declared	-1,299	-1,103
Undistributed net loss	-750	-1,179
Net income (loss) per share [Abstract]
Dividends declared	1,299	1,103
Allocation of undistributed net loss	-750	-1,179
Net income (loss) attributable to common stock	549	-76
Common Class A [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	468	-64
Less: Dividends declared	-1,107	-912
Undistributed net loss	-639	-976
Net income (loss) per share [Abstract]
Dividends declared	1,107	912
Allocation of undistributed net loss	-639	-976
Net income (loss) attributable to common stock	468	-64
Weighted average shares of common stock outstanding-basic (in shares)	15,262	12,628
Weighted average potential shares of common stock (in shares)	786	0
Weighted average shares of common stock and potential common shares outstanding-diluted (in shares)	16,048	12,628
Basic net income (loss) per common share (in dollars per share)	$0.03	($0.01)
Diluted net income (loss) per common share (in dollars per share)	$0.03	($0.01)
Antidilutive securities excluded from computation of net income (loss) per share (in shares)	326	2,778
Common Class B [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	81	-12
Less: Dividends declared	-192	-191
Undistributed net loss	-111	-203
Net income (loss) per share [Abstract]
Dividends declared	192	191
Allocation of undistributed net loss	-111	-203
Net income (loss) attributable to common stock	$81	($12)
Weighted average shares of common stock outstanding-basic (in shares)	3,196	3,168
Weighted average potential shares of common stock (in shares)	83	0
Weighted average shares of common stock and potential common shares outstanding-diluted (in shares)	3,279	3,168
Basic net income (loss) per common share (in dollars per share)	$0.03	$0
Diluted net income (loss) per common share (in dollars per share)	$0.02	$0
Antidilutive securities excluded from computation of net income (loss) per share (in shares)	60	371

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Jan. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents deposited with commercial banks	$21,000,000		$22,000,000
Derivatives, Fair Value [Line Items]
The fair values of derivative instrument	-381,000		-626,000
Key Assumptions [Abstract]
Discount rate (in hundredths)	4.60%
Guaranteed Payment [Member]
Key Assumptions [Abstract]
Contingent consideration payable	300,000
Contingent upon Certain Milestones [Member]
Key Assumptions [Abstract]
Contingent consideration payable	500,000
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Description of variable rate basis	one month LIBOR
Change in fair value recognized in net income	-245,000	46,000
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
The fair values of derivative instrument	-381,000		-626,000
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market mutual funds	109,506,000		98,294,000
Significant Other Observable Inputs (Level 2) [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liability related to interest rate swap	-381,000		-626,000
Significant Unobservable Inputs (Level 3) [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent liability associated with acquisitions	$0		($750,000)

CAPITALIZED_SOFTWARE_COSTS_Det

CAPITALIZED SOFTWARE COSTS (Details) (USD $)	3 Months Ended
	Apr. 30, 2015		Jan. 31, 2015
CAPITALIZED SOFTWARE COSTS [Abstract]
Acquired software technology	$3,458,000		$3,458,000
Capitalized software development costs	1,099,000	[1]	1,206,000	[1]
Capitalized software, gross	4,557,000		4,664,000
Less accumulated amortization	-2,320,000		-2,179,000
Capitalized software costs, net	2,237,000		2,485,000
Capitalized computer software amortization	300,000
Capitalized Software [Member]
Estimated Amortization Expense [Abstract]
2016 remaining	797,000
2017	912,000
2018	521,000
2019	7,000
Total	$2,237,000
[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
In Thousands, unless otherwise specified	Apr. 30, 2015		Apr. 30, 2014	Jan. 31, 2015
Gross Carrying Amount [Abstract]
Balance, beginning of period	$26,519
Impact of foreign currency translation	-54
Balance, end of period	26,465
Accumulated Impairment [Abstract]
Balance, beginning of period	-15,608
Impact of foreign currency translation	0
Balance, end of period	-15,608
Goodwill, Net [Abstract]
Balance, beginning of period	10,911
Impact of foreign currency translation	-54
Balance, end of period	10,857
Amortizable intangible assets, gross	3,286			3,308
Less: accumulated amortization	-1,712			-1,558
Net amortizable intangible assets	1,574			1,750
Amortization of intangible assets	164		180
Estimated Amortization Expense [Abstract]
2016 remaining	495
2017	661
2018	418
Total	1,574
Customer Relationships [Member]
Goodwill, Net [Abstract]
Amortizable intangible assets, gross	2,771	[1]		2,793	[1]
Trade Names [Member]
Goodwill, Net [Abstract]
Amortizable intangible assets, gross	$515			$515
[1]	Customer relationships include the impact of foreign currency translation.

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended
	Apr. 30, 2015	Jan. 31, 2015
Debt Instrument [Line Items]
Note payable	$14,984,000	$15,086,000
Less current maturities	-409,000	-406,000
Long-term debt	14,575,000	14,680,000
Rabobank N.A [Member] | Unsecured Credit Agreement [Member]
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%
Basis spread on variable rate (in hundredths)	0.75%
Liquidity on a consolidated basis, Minimum	25,000,000
Current ratio, Minimum	1.3
Leverage ratio, Maximum	1.5
Debt service coverage ratio, Minimum	1.5
Effective borrowing rate (in hundredths)	0.93%
Borrowings outstanding	0
2012 Mortgage [Member] | Rabobank N.A [Member] | Credit Agreement [Member] | Quad Ortega Hill LLC [Member]
Notes Payable [Abstract]
Original principal amount	16,100,000
Principal and interest	88,100
Final principal payment	11,700,000
Unpaid balance	$15,000,000
Maturity date	30-Jun-22
Basis spread on variable rate (in hundredths)	2.25%
One month LIBOR (in hundredths)	0.18%
Fixed interest rate (in hundredths)	4.31%
Credit Facility [Abstract]
Variable rate basis	One month LIBOR plus 2.25%

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Balance as of beginning of period	($7,418)
Other comprehensive income	73	139
Balance as of end of period	-7,345
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance as of beginning of period	-7,418
Other comprehensive income	73
Amounts reclassified from accumulated other comprehensive loss	0
Net current period other comprehensive income	73
Balance as of end of period	($7,345)

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$1.90
Reduction of unrecognized tax benefits	-1.4
Reduction of deferred tax assets	-1.4
Unrecognized tax benefits recognized in next twelve months	0.3
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, 2012 and 2013
Years for which the company settled audits	fiscal year ended March 31, 2008
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

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended		0 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Feb. 18, 2015	Jan. 22, 2015
Issuance of common stock [Abstract]
Net proceeds from stock issued	$8,365,000	$0
Dividends [Abstract]
Declaration date	15-Apr-15
Record date	29-Apr-15
Payable	6-May-15
Amount Paid in Cash	1,299,000
Common Class A [Member]
Issuance of common stock [Abstract]
Stock issued (in shares)			450,000	2,000,000
Net proceeds from stock issued			$8,400,000	$37,000,000
Dividends [Abstract]
Dividend (in dollars per share)	$0.07
Common Class B [Member]
Dividends [Abstract]
Dividend (in dollars per share)	$0.06

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended
	Apr. 30, 2015		Apr. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$1,306,000		$876,000
Weighted Average Assumptions Used to Value SAR [Abstract]
Expected life in years	0 years	[1],[2]	3 years 9 months	[1]
Risk free interest rate (in hundredths)	0.00%	[2],[3]	1.14%	[3]
Volatility (in hundredths)	0.00%	[2],[4]	49.00%	[4]
Dividend rate (in hundredths)	0.00%	[2],[5]	2.44%	[5]
Stock Appreciation Rights (SARs) [Member]
Stock Appreciation Rights (SARs) [Roll Forward]
Outstanding at beginning of period (in shares)	2,499,000
Granted (in shares)	0
Exercised (in shares)	-118,000
Expired (in shares)	-10,000
Forfeited (in shares)	0
Outstanding at end of period (in shares)	2,371,000
Vested and expected to vest (in shares)	2,359,000	[6]
Vested and exercisable (in shares)	1,198,000
Weighted Average Exercise Price per Share [Abstract]
Outstanding at beginning of period (in dollars per shares)	$12.69
Granted (in dollars per share)	$0
Exercised (in dollars per shares)	$11
Expired (in dollars per shares)	$14.76
Forfeited (in dollars per shares)	$0
Outstanding at end of period (in dollars per shares)	$12.76
Vested and expected to vest (in dollars per share)	$12.77	[6]
Vested and exercisable (in dollars per share)	$10.48
Additional Disclosures [Abstract]
Weighted average remaining contractual term, outstanding at end of period	5 years
Weighted average remaining contractual term, vested and expected to vest at end of period	5 years	[6]
Weighted average remaining contractual term, vested and exercisable at end of period	4 years
Aggregate intrinsic value, outstanding at end of period	26,123,000
Aggregate intrinsic value, vested and expected to vest at end of period	25,978,000	[6]
Aggregate intrinsic value, vested and exercisable at end of period	15,866,000
Total intrinsic value of SARs exercised	1,500,000
Number of shares withheld for payment of taxes (in shares)	15,600
Value of shares withheld for payment of taxes	400,000
Total unrecognized compensation cost	4,800,000
Weighted-average period to recognize total unrecognized compensation cost	2 years 4 months 24 days
Restricted Stock Units (RSUs) [Member]
Additional Disclosures [Abstract]
Number of shares withheld for payment of taxes (in shares)	600
Value of shares withheld for payment of taxes	14,000
Total unrecognized compensation cost	6,700,000
Weighted-average period to recognize total unrecognized compensation cost	2 years 7 months 6 days
Summary of Activity of RSUs [Roll Forward]
Restricted stock at beginning of period (in shares)	503,000
Granted (in shares)	60,000
Released (in shares)	-2,000	[7]
Forfeited (in shares)	-5,000
Restricted stock at end of period (in shares)	556,000
Weighted Average Grant Date Fair Value [Abstract]
Restricted stock at beginning of period (in dollars per share)	$16.27
Granted (in dollars per share)	$21.93
Released (in dollars per share)	$13.09	[7]
Forfeited (in dollars per share)	$16.79
Restricted stock at end of period (in dollars per share)	$16.88
Cost of Subscription [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	12,000		8,000
Cost of Maintenance and Other Revenue [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	46,000		29,000
Cost of Professional Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	119,000		87,000
Sales and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	261,000		127,000
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	148,000		92,000
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation	$720,000		$533,000
[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]	There were no SARs granted during the three months ended April 30, 2015.
[3]	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.
[4]	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.
[5]	The Company expects to continue paying quarterly dividends at the same rate as the three months ending on April 30, 2015.
[6]	The expected-to-vest SARs are the result of applying the pre-vesting forfeiture rate assumptions to total outstanding SARs.
[7]	The number of RSUs released includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.

DEFERRED_REVENUES_Details

DEFERRED REVENUES (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015
In Thousands, unless otherwise specified
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	$91,408	$102,721
Deferred revenues, non-current (in Other liabilities)	2,114	2,361
Total deferred revenues	93,522	105,082
Deferred Maintenance Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	75,744	86,381
Deferred Subscription Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	11,622	11,563
Deferred Services Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	2,621	2,813
Deferred License Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	1,028	1,890
Deferred Other Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenues, current	$393	$74

BUSINESS_SEGMENT_INFORMATION_D

BUSINESS SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015		Apr. 30, 2014
	Segment
	Region
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	$69,265		$68,485
Percentage of sales into Canada of North America total revenue (in hundredths)	2.00%		2.00%
North America [Member] | Reportable Geographical Components [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	30,222	[1]	29,139	[1]
EMEA [Member] | Reportable Geographical Components [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	21,802		24,151
Asia Pacific [Member] | Reportable Geographical Components [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	11,725		11,332
Latin America [Member] | Reportable Geographical Components [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$5,516		$3,863
[1]	Sales into Canada accounted for 2% of North America total revenue in each of the three months ended April 30, 2015 and 2014.