Qad (QADA) 10-Q 9 Jun 17 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Apr. 30, 2017	May 31, 2017
Document Information [Line Items]
Entity Registrant Name	QAD INC
Entity Central Index Key	1,036,188
Trading Symbol	qada
Current Fiscal Year End Date	--01-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,211,691
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15,817,834

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Assets
Cash and equivalents	$ 153,348	$ 145,082
Accounts receivable, net of allowances of $2,221 and $2,205 at April 30, 2017 and January 31, 2017, respectively	46,381	69,441
Other current assets	15,851	15,351
Total current assets	215,580	229,874
Property and equipment, net	30,497	30,872
Capitalized software costs, net	641	732
Goodwill	10,646	10,558
Deferred tax assets, net	6,455	6,166
Other assets, net	1,978	2,688
Total assets	265,797	280,890
Liabilities and Stockholders’ Equity
Current portion of long-term debt	450	446
Accounts payable	8,168	11,316
Deferred revenue	97,235	104,125
Other current liabilities	30,231	33,636
Total current liabilities	136,084	149,523
Long-term debt	13,654	13,767
Other liabilities	5,037	4,914
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; none issued or outstanding
Additional paid-in capital	199,069	197,594
Treasury stock, at cost (1,115,536 shares and 1,125,552 shares at April 30, 2017 and January 31, 2017, respectively)	(15,047)	(15,170)
Accumulated deficit	(65,029)	(61,127)
Accumulated other comprehensive loss	(7,991)	(8,631)
Total stockholders’ equity	111,022	112,686
Total liabilities and stockholders’ equity	265,797	280,890
Common Class A [Member]
Stockholders’ equity:
Class A, $0.001 par value. Authorized 71,000,000 shares; issued 16,605,215 shares at both April 30, 2017 and January 31, 2017	16	16
Class B, $0.001 par value. Authorized 4,000,000 shares; issued 3,537,380 shares at both April 30, 2017 and January 31, 2017	16	16
Common Class B [Member]
Stockholders’ equity:
Class A, $0.001 par value. Authorized 71,000,000 shares; issued 16,605,215 shares at both April 30, 2017 and January 31, 2017	4	4
Class B, $0.001 par value. Authorized 4,000,000 shares; issued 3,537,380 shares at both April 30, 2017 and January 31, 2017	$ 4	$ 4

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Accounts receivable, net of allowance	$ 2,221	$ 2,205
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
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
Treasury stock (in shares)	1,115,536	1,125,552
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	71,000,000	71,000,000
Common stock, shares issued (in shares)	16,605,215	16,605,215
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	71,000,000	71,000,000
Common stock, shares issued (in shares)	16,605,215	16,605,215
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	4,000,000	4,000,000
Common stock, shares issued (in shares)	3,537,380	3,537,380
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	4,000,000	4,000,000
Common stock, shares issued (in shares)	3,537,380	3,537,380

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Revenue:
Subscription fees	$ 15,343	$ 11,492
License fees	5,265	3,947
Maintenance and other	31,906	32,836
Professional services	18,868	17,122
Total revenue	71,382	65,397
Costs of revenue:
Subscription fees	7,720	6,200
License fees	685	725
Maintenance and other	7,694	7,769
Professional services	18,767	17,444
Total cost of revenue	34,866	32,138
Gross profit	36,516	33,259
Operating expenses:
Sales and marketing	17,587	16,938
Research and development	11,532	11,143
General and administrative	8,593	8,006
Amortization of intangibles from acquisitions	163	165
Total operating expenses	37,875	36,252
Operating loss	(1,359)	(2,993)
Other expense (income):
Interest income	(168)	(172)
Interest expense	156	174
Other expense (income), net	604	870
Total other expense, net	592	872
Loss before income taxes	(1,951)	(3,865)
Income tax expense (benefit)	620	(1,073)
Net loss	(2,571)	(2,792)
Diluted net loss per share
Net loss	(2,571)	(2,792)
Other comprehensive income, net of tax:
Foreign currency translation adjustments	640	606
Total comprehensive loss	(1,931)	(2,186)
Common Class A [Member]
Other expense (income):
Net loss	$ (2,199)	$ (2,384)
Basic net loss per share
Basic net (loss) income per share (in dollars per share)	$ (0.14)	$ (0.15)
Diluted net loss per share
Diluted net (loss) income per share (in dollars per share)	$ (0.14)	$ (0.15)
Net loss	$ (2,199)	$ (2,384)
Common Class B [Member]
Other expense (income):
Net loss	$ (372)	$ (408)
Basic net loss per share
Basic net (loss) income per share (in dollars per share)	$ (0.12)	$ (0.13)
Diluted net loss per share
Diluted net (loss) income per share (in dollars per share)	$ (0.12)	$ (0.13)
Net loss	$ (372)	$ (408)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net loss	$ (2,571)	$ (2,792)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,522	1,476
Provision for doubtful accounts and sales adjustments	113	49
Stock-based compensation expense	1,768	1,608
Change in fair value of interest rate swap	(13)	31
Changes in assets and liabilities:
Accounts receivable	23,250	21,430
Other assets	(111)	(2,964)
Accounts payable	(3,279)	(3,151)
Deferred revenue	(7,623)	(7,480)
Other liabilities	(5,174)	(6,850)
Net cash provided by operating activities	7,882	1,357
Cash flows from investing activities:
Purchase of property and equipment	(652)	(1,074)
Capitalized software costs	(143)	(12)
Net cash used in investing activities	(795)	(1,086)
Cash flows from financing activities:
Repayments of debt	(129)	(106)
Tax payments, net of proceeds, related to stock awards	(170)	(369)
Net cash used in financing activities	(299)	(475)
Effect of exchange rates on cash and equivalents	1,478	2,351
Net increase in cash and equivalents	8,266	2,147
Cash and equivalents at beginning of period	145,082	137,731
Cash and equivalents at end of period	153,348	139,878
Supplemental disclosure of non-cash activities:
Obligations associated with dividend declaration	$ 1,331	$ 1,316

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	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 10 X. ’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 10 January 31, 2017. three April 30, 2017 not January 31, 2018. Recent Accounting Pronouncements With the exception of those discussed below, there have been no three April 30, 2017, Accounting Standards Not In May 2014, 2014 09, Revenue from Contracts with Customers five August 2015, 2015 14, Revenue from Contracts with Customers (Topic 606 , to defer the effective date of ASU 2014 09 one 2014 09 2019 not first 2019, The Company anticipates this standard might have a material impact on its consolidated financial statements. The Company has assigned internal resources and has hired third valuation of that impact. While the assessment of all potential impacts of the standard is on-going, the Company currently believes the most significant impact relates to accounting for software license revenue. The requirement to have VSOE for undelivered elements to enable the separation of revenue for the delivered software licenses is eliminated under the new standard. In addition, removal of current limitations on contingent revenue may Due to the complexity of some contracts, the actu al revenue recognition treatment required under the new standard for these arrangements may five seven While the Company continues to assess the potential impacts and disclosure requirements of the new standard, the Company cannot reasonably estimate quantitative information related to the impact of the new standard on the financial statements. In February 2016, 2016 02, Leases (Topic 842 2016 02 2016 02 first 2020 2016 02 2016 02. In October 2016, 2016 16, Income Taxes: Intra-Entity Transfers of Assets Other than Inventory 2016 16 February 1, 2018. In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 2 zero 2 February 1, 2020. not 2017 04 In January 2017, 2017 01, Business Combinations: Clarifying the Definition of a Business, February 1, 2018. 2017 01

Note 2 - Computation of Net Los

Note 2 - Computation of Net Loss Per Share	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	2. COMPUTATION OF NET LOSS PER SHARE The following table sets forth the computation of basic and diluted net loss per share: Three Months Ended April 30, 201 7 201 6 (in thousands except per share data) Net loss $ (2,571 ) $ (2,792 ) Less: Dividends declared (1,331 ) (1,316 ) Undistributed net loss $ (3,902 ) $ (4,108 ) Net loss per share – Class A Common Stock Dividends declared $ 1,138 $ 1,124 Allocation of undistributed net loss (3,337 ) (3,508 ) Net loss attributable to Class A common stock $ (2,199 ) $ (2,384 ) Weighted average shares of Class A common stock outstanding — basic 15,809 15,594 Weighted average potential shares of Class A common stock — — Weighted average shares of Class A common stock and potential common shares outstanding — diluted 15,809 15,594 Basic net loss per Class A common share $ (0.14 ) $ (0.15 ) Diluted net loss per Class A common share $ (0.14 ) $ (0.15 ) Net loss per share – Class B Common Stock Dividends declared $ 193 $ 192 Allocation of undistributed net loss (565 ) (600 ) Net loss attributable to Class B common stock $ (372 ) $ (408 ) Weighted average shares of Class B common stock outstanding — basic 3,210 3,204 Weighted average potential shares of Class B common stock — — Weighted average shares of Class B common stock and potential common shares outstanding — diluted 3,210 3,204 Basic net loss per Class B common share $ (0.12 ) $ (0.13 ) Diluted net loss per Class B common share $ (0.12 ) $ (0.13 ) 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 not The following table sets forth the number of potential common shares not Three Months Ended April 30, 201 7 201 6 (in thousands) Class A 3,036 2,807 Class B 389 349

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Fair Value, Measurement Inputs, Disclosure [Text Block]	3. FAIR VALUE MEASUREMENTS When determining fair value, the Company uses a three value. Whenever possible, the Company uses observable market data. The Company relies on unobservable inputs only when observable market data is not The following table sets forth the financial assets and liabilities, measured at fair value, as of April 30, 2017 January 31, 2017: Fair value measurement at reporting date using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) Money market mutual funds as of April 30, 2017 (a) $ 121,699 Money market mutual funds as of January 31, 2017 (a) $ 116,043 Liability related to the interest rate swap as of April 30, 2017 (b) $ (177 ) Liability related to the interest rate swap as of January 31, 2017 (b) $ (190 ) ___________________________ (a) Money market mutual funds are recorded at fair value based upon quoted market prices. (b) The 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. Money market mutual funds are classified as part of “Cash and equivalents” in the accompanying Condensed Consolidated Balance Sheets. The amount of cash and equivalents deposited with commercial banks was $3 1 $29 April 30, 2017 January 31, 2017, 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 There have been no three April 30, 2017. Derivative Instruments The Company entered into an interest rate swap in May 2012 one 6 a 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 Loss. 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, 2017 January 31, 2017 Liability Fair Value Balance Sheet Location April 30, 2017 January 31, 2017 Derivative instrument: Interest rate swap Other liabilities $ (177 ) $ (190 ) Total $ (177 ) $ (190 ) The change in fair value of the interest rate swap recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the three April 30, 2017 April 30, 2016 $13,000 31,000

Note 4 - Capitalized Software C

Note 4 - Capitalized Software Costs	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Capitalized Software Costs [Text Block]	4. Capitalized software costs and accumulated amortization at April 30, 2017 January 31, 2017 April 30, 201 7 January 31, 201 7 (in thousands) Capitalized software costs: Acquired software technology $ 3,458 $ 3,458 Capitalized software development costs 732 748 4,190 4,206 Less accumulated amortization (3,549 ) (3,474 ) Capitalized software costs, net $ 641 $ 732 Acquired software technology costs relate to technology purchased as a result of the Company ’s fiscal 2013 It is the Company ’s policy to write off capitalized software development costs once fully amortized. Accordingly, during the first three 2018, $0.2 Amortization of cap italized software costs was $0.2 three April 30, 2017 2016. The following table summarizes the estimated amortization expense relating to the Company ’s capitalized software costs as of April 30, 2017: Fiscal Years (in thousands) 201 8 remaining $ 443 201 9 123 20 20 70 202 1 5 $ 641

Note 5 - Goodwill and Intangibl

Note 5 - Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5. GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the three April 30, 2017 Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 201 7 $ 26,166 $ (15,608 ) $ 10,558 Impact of foreign currency translation 88 - 88 Balance at April 30, 201 7 $ 26,254 $ (15,608 ) $ 10,646 The Company performed its annual goodwill impairment review during t he fourth 2017. November 30, 2016. no 2017. No three April 30, 2017 Intangible Assets April 30, 201 7 January 31, 201 7 (in thousands) Amortizable intangible assets Customer relationships (1) $ 2,742 $ 2,721 Trade name 515 515 3,257 3,236 Less: accumulated amortization (3,004 ) (2,821 ) Net amortizable intangible assets $ 253 $ 415 ______________________ ( 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. April 30, 2017, Amortizati on of intangible assets was $0.2 three April 30, 2017 2016. April 30, 2017 $253,000 2018.

Note 6 - Debt

Note 6 - Debt	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	6. DEBT April 30, 2017 January 31, 2017 (in thousands) Note payable $ 14,158 $ 14,269 Less current maturities (450 ) (446 ) Less loan origination costs, net (54 ) (56 ) Long-term debt $ 13,654 $ 13,767 Note Payable Effective May 30, 2012 “2012 2012 $16.1 one 2.25%. 0.99% April 30, 2017. 2012 June 2022 ’s headquarters located in Santa Barbara, California. In conjunction with the 2012 $16.1 4.31% 2012 2012 $88,100 one $11.7 April 30, 2017 $14.2 Credit Facility The Company has an unsecured credit agreement with Rabobank, N.A. (the “Facility”). The Facility provides a commitment through July 15, 2017 $20 0.25% $20 one 0.75%. April 30, 2017, 1.74%. 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 not 1.3 1.0 not 1.5 1.0 not 1.5 1.0 ’s ability to incur additional indebtedness. As of April 30, 2017, no

Note 7 - Accumulated Other Comp

Note 7 - Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Accumulated Other Comprehensive Income (Loss) [Text Block]	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, 201 7 $ (8,631 ) Other comprehensive income before reclassifications 640 Amounts reclassified from accumulated other comprehensive loss — Net current period other comprehensive income 640 Balance as of April 30, 201 7 $ (7,991 ) During the first three 2018 no

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. INCOME TAXES In determining the quarterly provision for income taxes for the first 2018, The Company recorded income tax expense (benefit) of $0.6 1.1 first three 2018 2017, ’ s effective tax rate decreased to ( 32% 28% not January 31, 2017 first 2017, The gross amount of unrecognized tax benefits was $1.8 April 30, 2017, 2013 11, $1.0 $1.0 ’s effective tax rate. This liability is classified as long-term unless the liability is expected to conclude within twelve twelve $0.1 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, 2017, $0.3 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, 2010, 2013, 2014 2016 ● Iowa for fiscal year ended January 31, 2014 ● China for calendar years 2013, 2014, 2015 2016 During the first 2018, no ● India for fiscal years ended March 31, 2015

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	9. STOCKHOLDERS’ EQUITY Dividends The following table sets forth the dividends that were declared by the Company during the first three 2018: Declaration Date Record Date Payable Dividend Class A Dividend Class B Amount 4/11/2017 4/25/2017 5/2/2017 $ 0.072 $ 0.06 $ 1,331,000

Note 10 - Stock-based Compensat

Note 10 - Stock-based Compensation	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	10. STOCK-BASED COMPENSATION The Company ’s equity awards consist of RSUs and SARs. For a description of the Company’s stock-based compensation plans, see Note 5 10 January 31, 2017. Stock-Based Compensation The following table sets forth reported stock-based compensation expense for the three months ended April 30, 2017: Three Months Ended April 30, 201 7 201 6 (in thousands) Cost of subscription $ 25 $ 22 Cost of maintenance and other revenue 77 67 Cost of professional services 220 173 Sales and marketing 317 277 Research and development 253 236 General and administrative 876 833 Total stock-based compensation expense $ 1,768 $ 1,608 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 April 30, 2017: RSUs Weighted Average Grant Date Fair Value (in thousands) Restricted stock at January 31, 201 7 623 $ 20.56 Granted 24 27.04 Released (1) (5 ) 24.39 Forfeited (4 ) 19.79 Restricted stock at April 30, 2017 638 $ 20.78 _________________________ ( 1 The number of RSUs released includes shares withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. The Company withholds a portion of the released shares as consideration for the Company’s payment of applicable employee income taxes. During the three April 30, 2017, 2,000 $61,000. Total unrecognized compensation cost related to RSUs was approximately $9.4 April 30, 2017. 2.5 SAR Information The following table summarizes the activity for outstanding SARs for the three April 30, 2017: SARs (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 201 7 2,793 $ 15.51 Granted — — Exercised (17 ) 9.79 Expired — — Forfeited — — Outstanding at April 30, 2017 2,776 $ 15.54 4.2 $ 38,958 Vested and exercisable at April 30, 2017 1,786 $ 12.96 3.1 $ 29,730 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, 2017, April 30, 2017. three April 30, 2017 $0.3 The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the three April 30, 2017, 4,000 $0.1 At April 30, 2017, $4.3 2.3

Note 11 - Deferred Revenues

Note 11 - Deferred Revenues	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Deferred Revenue Disclosure [Text Block]	11. Deferred revenues consisted of the following: April 30, 201 7 January 31, 201 7 (in thousands) Deferred maintenance revenue $ 70,665 $ 78,923 Deferred subscription revenue 23,352 20,389 Deferred services revenue 1,686 2,550 Deferred license revenue 884 1,740 Deferred other revenue 648 523 Deferred revenues, current 97,235 104,125 Deferred revenues, non-current (in Other liabilities) 2,569 2,353 Total deferred revenues $ 99,804 $ 106,478 Deferred maintenance and subscription revenues represent billings and 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 billed quarterly or annually. 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.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	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 ’s software is found to infringe upon certain intellectual property rights of a third 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 ’s consolidated results of operations, financial position or liquidity.

Note 13 - Business Segment Info

Note 13 - Business Segment Information	3 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	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 third ’s Chief Operating Decision Maker, the Chief Executive Officer, reviews the consolidated results within one S ubscription, license and maintenance revenues are allocated to the region where the end user is located. Services revenue is assigned based on the region where the services are performed. Three Months Ended April 30, 201 7 201 6 Revenue: (in thousands) North America (1) $ 33,370 $ 29,519 EMEA 20,881 19,792 Asia Pacific 12,166 11,680 Latin America 4,965 4,406 $ 71,382 $ 65,397 ____________________________ ( 1 Sales into Canada accounted for 1% 2% three April 30, 2017 2016,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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 10 X. ’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 10 January 31, 2017. three April 30, 2017 not January 31, 2018.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements With the exception of those discussed below, there have been no three April 30, 2017, Accounting Standards Not In May 2014, 2014 09, Revenue from Contracts with Customers five August 2015, 2015 14, Revenue from Contracts with Customers (Topic 606 , to defer the effective date of ASU 2014 09 one 2014 09 2019 not first 2019, The Company anticipates this standard might have a material impact on its consolidated financial statements. The Company has assigned internal resources and has hired third valuation of that impact. While the assessment of all potential impacts of the standard is on-going, the Company currently believes the most significant impact relates to accounting for software license revenue. The requirement to have VSOE for undelivered elements to enable the separation of revenue for the delivered software licenses is eliminated under the new standard. In addition, removal of current limitations on contingent revenue may Due to the complexity of some contracts, the actu al revenue recognition treatment required under the new standard for these arrangements may five seven While the Company continues to assess the potential impacts and disclosure requirements of the new standard, the Company cannot reasonably estimate quantitative information related to the impact of the new standard on the financial statements. In February 2016, 2016 02, Leases (Topic 842 2016 02 2016 02 first 2020 2016 02 2016 02. In October 2016, 2016 16, Income Taxes: Intra-Entity Transfers of Assets Other than Inventory 2016 16 February 1, 2018. In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 2 zero 2 February 1, 2020. not 2017 04 In January 2017, 2017 01, Business Combinations: Clarifying the Definition of a Business, February 1, 2018. 2017 01

Note 2 - Computation of Net L20

Note 2 - Computation of Net Loss Per Share (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended April 30, 201 7 201 6 (in thousands except per share data) Net loss $ (2,571 ) $ (2,792 ) Less: Dividends declared (1,331 ) (1,316 ) Undistributed net loss $ (3,902 ) $ (4,108 ) Net loss per share – Class A Common Stock Dividends declared $ 1,138 $ 1,124 Allocation of undistributed net loss (3,337 ) (3,508 ) Net loss attributable to Class A common stock $ (2,199 ) $ (2,384 ) Weighted average shares of Class A common stock outstanding — basic 15,809 15,594 Weighted average potential shares of Class A common stock — — Weighted average shares of Class A common stock and potential common shares outstanding — diluted 15,809 15,594 Basic net loss per Class A common share $ (0.14 ) $ (0.15 ) Diluted net loss per Class A common share $ (0.14 ) $ (0.15 ) Net loss per share – Class B Common Stock Dividends declared $ 193 $ 192 Allocation of undistributed net loss (565 ) (600 ) Net loss attributable to Class B common stock $ (372 ) $ (408 ) Weighted average shares of Class B common stock outstanding — basic 3,210 3,204 Weighted average potential shares of Class B common stock — — Weighted average shares of Class B common stock and potential common shares outstanding — diluted 3,210 3,204 Basic net loss per Class B common share $ (0.12 ) $ (0.13 ) Diluted net loss per Class B common share $ (0.12 ) $ (0.13 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended April 30, 201 7 201 6 (in thousands) Class A 3,036 2,807 Class B 389 349

Note 3 - Fair Value Measureme21

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) Money market mutual funds as of April 30, 2017 (a) $ 121,699 Money market mutual funds as of January 31, 2017 (a) $ 116,043 Liability related to the interest rate swap as of April 30, 2017 (b) $ (177 ) Liability related to the interest rate swap as of January 31, 2017 (b) $ (190 )
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Liability Fair Value Balance Sheet Location April 30, 2017 January 31, 2017 Derivative instrument: Interest rate swap Other liabilities $ (177 ) $ (190 ) Total $ (177 ) $ (190 )

Note 4 - Capitalized Software22

Note 4 - Capitalized Software Costs (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Capitalized Software Costs [Table Text Block]	April 30, 201 7 January 31, 201 7 (in thousands) Capitalized software costs: Acquired software technology $ 3,458 $ 3,458 Capitalized software development costs 732 748 4,190 4,206 Less accumulated amortization (3,549 ) (3,474 ) Capitalized software costs, net $ 641 $ 732
Schedule of Capitalized Software Costs Amortization Expense [Table Text Block]	Fiscal Years (in thousands) 201 8 remaining $ 443 201 9 123 20 20 70 202 1 5 $ 641

Note 5 - Goodwill and Intangi23

Note 5 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Goodwill [Table Text Block]	Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 201 7 $ 26,166 $ (15,608 ) $ 10,558 Impact of foreign currency translation 88 - 88 Balance at April 30, 201 7 $ 26,254 $ (15,608 ) $ 10,646
Schedule of Finite-Lived Intangible Assets [Table Text Block]	April 30, 201 7 January 31, 201 7 (in thousands) Amortizable intangible assets Customer relationships (1) $ 2,742 $ 2,721 Trade name 515 515 3,257 3,236 Less: accumulated amortization (3,004 ) (2,821 ) Net amortizable intangible assets $ 253 $ 415

Note 6 - Debt (Tables)

Note 6 - Debt (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Debt [Table Text Block]	April 30, 2017 January 31, 2017 (in thousands) Note payable $ 14,158 $ 14,269 Less current maturities (450 ) (446 ) Less loan origination costs, net (54 ) (56 ) Long-term debt $ 13,654 $ 13,767

Note 7 - Accumulated Other Co25

Note 7 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments (in thousands) Balance as of January 31, 201 7 $ (8,631 ) Other comprehensive income before reclassifications 640 Amounts reclassified from accumulated other comprehensive loss — Net current period other comprehensive income 640 Balance as of April 30, 201 7 $ (7,991 )

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Dividends Declared [Table Text Block]	Declaration Date Record Date Payable Dividend Class A Dividend Class B Amount 4/11/2017 4/25/2017 5/2/2017 $ 0.072 $ 0.06 $ 1,331,000

Note 10 - Stock-based Compens27

Note 10 - Stock-based Compensation (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Three Months Ended April 30, 201 7 201 6 (in thousands) Cost of subscription $ 25 $ 22 Cost of maintenance and other revenue 77 67 Cost of professional services 220 173 Sales and marketing 317 277 Research and development 253 236 General and administrative 876 833 Total stock-based compensation expense $ 1,768 $ 1,608
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	RSUs Weighted Average Grant Date Fair Value (in thousands) Restricted stock at January 31, 201 7 623 $ 20.56 Granted 24 27.04 Released (1) (5 ) 24.39 Forfeited (4 ) 19.79 Restricted stock at April 30, 2017 638 $ 20.78
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]	SARs (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 201 7 2,793 $ 15.51 Granted — — Exercised (17 ) 9.79 Expired — — Forfeited — — Outstanding at April 30, 2017 2,776 $ 15.54 4.2 $ 38,958 Vested and exercisable at April 30, 2017 1,786 $ 12.96 3.1 $ 29,730

Note 11 - Deferred Revenues (Ta

Note 11 - Deferred Revenues (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	April 30, 201 7 January 31, 201 7 (in thousands) Deferred maintenance revenue $ 70,665 $ 78,923 Deferred subscription revenue 23,352 20,389 Deferred services revenue 1,686 2,550 Deferred license revenue 884 1,740 Deferred other revenue 648 523 Deferred revenues, current 97,235 104,125 Deferred revenues, non-current (in Other liabilities) 2,569 2,353 Total deferred revenues $ 99,804 $ 106,478

Note 13 - Business Segment In29

Note 13 - Business Segment Information (Tables)	3 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended April 30, 201 7 201 6 Revenue: (in thousands) North America (1) $ 33,370 $ 29,519 EMEA 20,881 19,792 Asia Pacific 12,166 11,680 Latin America 4,965 4,406 $ 71,382 $ 65,397

Note 1 - Basis of Presentatio30

Note 1 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual)	3 Months Ended
	Apr. 30, 2017
Minimum [Member]
Deferred Costs of Contracts, Expected Amortization Period	5 years
Maximum [Member]
Deferred Costs of Contracts, Expected Amortization Period	7 years

Note 2 - Computation of Net L31

Note 2 - Computation of Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Net loss per share – Class A Common Stock
Dividends declared	$ 1,331	$ 1,316
Allocation of undistributed net loss	(3,902)	(4,108)
Net loss	(2,571)	(2,792)
Less: Dividends declared	(1,331)	(1,316)
Undistributed net loss	$ (3,902)	$ (4,108)
Common Class A [Member]
Weighted average shares of common stock outstanding—basic (in shares)	15,809	15,594
Weighted average potential shares of common stock (in shares)
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	15,809	15,594
Basic net loss per Class A common share (in dollars per share)	$ (0.14)	$ (0.15)
Diluted net loss per Class A common share (in dollars per share)	$ (0.14)	$ (0.15)
Net loss per share – Class A Common Stock
Dividends declared	$ 1,138	$ 1,124
Allocation of undistributed net loss	(3,337)	(3,508)
Net loss	(2,199)	(2,384)
Less: Dividends declared	(1,138)	(1,124)
Undistributed net loss	$ (3,337)	$ (3,508)
Common Class B [Member]
Weighted average shares of common stock outstanding—basic (in shares)	3,210	3,204
Weighted average potential shares of common stock (in shares)
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	3,210	3,204
Basic net loss per Class A common share (in dollars per share)	$ (0.12)	$ (0.13)
Diluted net loss per Class A common share (in dollars per share)	$ (0.12)	$ (0.13)
Net loss per share – Class A Common Stock
Dividends declared	$ 193	$ 192
Allocation of undistributed net loss	(565)	(600)
Net loss	(372)	(408)
Less: Dividends declared	(193)	(192)
Undistributed net loss	$ (565)	$ (600)

Note 2 - Computation of Net L32

Note 2 - Computation of Net Loss Per Share - Anti-dilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Common Class A [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	3,036	2,807
Common Class B [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	389	349

Note 3 - Fair Value Measureme33

Note 3 - Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Jan. 31, 2017	Jan. 31, 2016
Cash and Cash Equivalents, at Carrying Value	$ 153,348,000	$ 139,878,000	$ 145,082,000	$ 137,731,000
Interest Rate Swap [Member]
Derivative, Gain (Loss) on Derivative, Net	13,000	$ (31,000)
Reported Value Measurement [Member]
Cash and Cash Equivalents, at Carrying Value	$ 31,000,000		$ 29,000,000

Note 3 - Fair Value Measureme34

Note 3 - Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Jan. 31, 2017
Liability related to the interest rate swap		$ (177)	$ (190)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Money market mutual funds	[1]	121,699	116,043
Liability related to the interest rate swap	[2]
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Money market mutual funds	[1]
Liability related to the interest rate swap	[2]	$ (177)	$ (190)
[1]	Money market mutual funds are recorded at fair value based upon quoted market prices.
[2]	The 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.

Note 3 - Fair Value Measureme35

Note 3 - Fair Value Measurements - Fair Values of the Derivative Instrument (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Derivative instrument:
Fair value of derivative instrument	$ (177)	$ (190)
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative instrument:
Fair value of derivative instrument	$ (177)	$ (190)

Note 4 - Capitalized Software36

Note 4 - Capitalized Software Costs (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Capitalized Computer Software Write-Downs	$ 0.2
Capitalized Computer Software, Amortization	$ 0.2	$ 0.2

Note 4 - Capitalized Software37

Note 4 - Capitalized Software Costs - Capitalized Software Costs and Accumulated Amortization (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Capitalized software costs:
Acquired software technology	$ 3,458	$ 3,458
Capitalized software development costs	732	748
Total capitalized software costs	4,190	4,206
Less accumulated amortization	(3,549)	(3,474)
Capitalized software costs, net	$ 641	$ 732

Note 4 - Capitalized Software38

Note 4 - Capitalized Software Costs - Estimated Amortization Expense (Details) - USD ($)	Apr. 30, 2017	Jan. 31, 2017
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 253,000
Total	253,000	$ 415,000
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	443,000
2,019	123,000
2,020	70,000
2,021	5,000
Total	$ 641,000

Note 5 - Goodwill and Intangi39

Note 5 - Goodwill and Intangible Assets (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Jan. 31, 2017
Goodwill, Impairment Loss			$ 0
Amortization of Intangible Assets	$ 163,000	$ 165,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 253,000

Note 5 - Goodwill and Intangi40

Note 5 - Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2017USD ($)
Beginning balance, gross	$ 26,166
Accumulated impairment	(15,608)
Beginning balance, net	10,558
Impact of foreign currency translation, gross	88
Impact of foreign currency translation, accumulated impairment
Impact of foreign currency translation, net	88
Ending balance, gross	26,254
Ending balance, net	$ 10,646

Note 5 - Goodwill and Intangi41

Note 5 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Jan. 31, 2017
Amortizable intangible assets
Amortizable intangible assets, gross		$ 3,257	$ 3,236
Less: accumulated amortization		(3,004)	(2,821)
Net amortizable intangible assets		253	415
Customer Relationships [Member]
Amortizable intangible assets
Amortizable intangible assets, gross	[1]	2,742	2,721
Trade Names [Member]
Amortizable intangible assets
Amortizable intangible assets, gross		$ 515	$ 515
[1]	Customer relationships include the impact of foreign currency translation.

Note 6 - Debt (Details Textual)

Note 6 - Debt (Details Textual)	May 30, 2012USD ($)	Apr. 30, 2017USD ($)
2012 Mortgage [Member] | Quad Ortega Hill LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		0.99%
2012 Mortgage [Member] | Rabobank N.A [Member] | Quad Ortega Hill LLC [Member]
Debt Instrument, Periodic Payment	$ 88,100
Final Principal Payment	11,700,000
Debt Instrument, Face Amount	16,100,000
2012 Mortgage [Member] | Rabobank N.A [Member] | Quad Ortega Hill LLC [Member] | Swap [Member]
Derivative Liability, Notional Amount	$ 16,100,000
Derivative, Fixed Interest Rate	4.31%
2012 Mortgage [Member] | Rabobank N.A [Member] | Quad Ortega Hill LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Unsecured Credit Agreement [Member] | Rabobank N.A [Member]
Loans Payable to Bank		$ 14,200,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 20,000,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.25%
Debt Instrument, Interest Rate, Effective Percentage		1.74%
Liquidity on Consolidated Basis Minimum		$ 25,000,000
Current Ratio Minimum		1.3
Leverage Ratio Maximum		1.5
Debt Service Coverage Ratio, Minimum		1.5
Long-term Line of Credit		$ 0
Unsecured Credit Agreement [Member] | Rabobank N.A [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		0.75%

Note 6 - Debt - Summary of Debt

Note 6 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Note payable	$ 14,158	$ 14,269
Less current maturities	(450)	(446)
Less loan origination costs, net	(54)	(56)
Long-term debt	$ 13,654	$ 13,767

Note 7 - Accumulated Other Co44

Note 7 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands	3 Months Ended
	Apr. 30, 2017USD ($)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0

Note 7 - Accumulated Other Co45

Note 7 - Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2017USD ($)
Balance	$ (8,631)
Balance	(7,991)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(8,631)
Other comprehensive income before reclassifications	640
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive income	640
Balance	$ (7,991)

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Income Tax Expense (Benefit)	$ 620	$ (1,073)
Effective Income Tax Rate Reconciliation, Percent	32.00%	28.00%
Unrecognized Tax Benefits	$ 1,800
Unrecognized Tax Benefits, Period Increase (Decrease)	(1,000)
Increase (Decrease) in Deferred Tax Asset	(1,000)
Unrecognized Tax Benefits Recognized in Next Twelve Months	100
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 300

Note 9 - Stockholders' Equity -

Note 9 - Stockholders' Equity - Dividends (Details) - Dividends Declaration Date One [Member]	3 Months Ended
	Apr. 30, 2017USD ($)$ / shares
Record date	Apr. 25, 2017
Payable	May 2, 2017
Amount | $	$ 1,331,000
Common Class A [Member]
Dividend per share (in dollars per share)	$ 0.072
Common Class B [Member]
Dividend per share (in dollars per share)	$ 0.06

Note 10 - Stock-based Compens48

Note 10 - Stock-based Compensation (Details Textual)	3 Months Ended
	Apr. 30, 2017USD ($)shares
Restricted Stock Units (RSUs) [Member]
Shares Paid for Tax Withholding for Share Based Compensation | shares	2,000
Adjustments Related to Tax Withholding for Share-based Compensation	$ 61,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 9,400,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 182 days
Stock Appreciation Rights (SARs) [Member]
Shares Paid for Tax Withholding for Share Based Compensation | shares	4,000
Adjustments Related to Tax Withholding for Share-based Compensation	$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 4,300,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 109 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 300,000

Note 10 - Stock-based Compens49

Note 10 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Allocated stock-based compensation expense	$ 1,768	$ 1,608
Cost of Subscription [Member]
Allocated stock-based compensation expense	25	22
Cost of Maintenance and Other Revenue [Member]
Allocated stock-based compensation expense	77	67
Cost of Professional Services [Member]
Allocated stock-based compensation expense	220	173
Selling and Marketing Expense [Member]
Allocated stock-based compensation expense	317	277
Research and Development Expense [Member]
Allocated stock-based compensation expense	253	236
General and Administrative Expense [Member]
Allocated stock-based compensation expense	$ 876	$ 833

Note 10 - Stock-based Compens50

Note 10 - Stock-based Compensation - RSUs Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	3 Months Ended
	Apr. 30, 2017$ / sharesshares
Restricted stock (in shares) | shares	623
Restricted stock, weighted average grant date fair value (in dollars per share) | $ / shares	$ 20.56
Granted (in shares) | shares	24
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 27.04
Released (in shares) | shares	(5)	[1]
Released, weighted average grant date fair value (in dollars per share) | $ / shares	$ 24.39	[1]
Forfeited (in shares) | shares	(4)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 19.79
Restricted stock (in shares) | shares	638
Restricted stock, weighted average grant date fair value (in dollars per share) | $ / shares	$ 20.78
[1]	The number of RSUs released includes shares withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.

Note 10 - Stock-based Compens51

Note 10 - Stock-based Compensation - Options/SARs Activity (Details) - Options/SARs [Member] $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2017USD ($)$ / sharesshares
Outstanding (in shares) | shares	2,793
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 15.51
Granted (in shares) | shares
Granted, weighted average exercise price (in dollars per share) | $ / shares
Exercised (in shares) | shares	(17)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 9.79
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 15.54
Outstanding at April 30, 2017 (Year)	4 years 73 days
Outstanding at April 30, 2017 | $	$ 38,958
Vested and exercisable (in shares) | shares	1,786
Vested and exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 12.96
Vested and exercisable, weighted average remaining contractual term (Year)	3 years 36 days
Vested and exercisable, aggregate intrinsic value | $	$ 29,730
Expired (in shares) | shares
Expired, weighted average exercise price (in dollars per share) | $ / shares
Forfeited (in shares) | shares
Forfeited, weighted average exercise price (in dollars per share) | $ / shares
Outstanding (in shares) | shares	2,776

Note 11 - Deferred Revenues - S

Note 11 - Deferred Revenues - Summary of Deferred Revenues (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Jan. 31, 2017
Deferred revenue	$ 97,235	$ 104,125
Deferred revenues, non-current (in Other liabilities)	2,569	2,353
Total deferred revenues	99,804	106,478
Software Service, Support and Maintenance Arrangement [Member]
Deferred revenue	70,665	78,923
Subscription Arrangement [Member]
Deferred revenue	23,352	20,389
Nonsoftware Service, Support and Maintenance Arrangement [Member]
Deferred revenue	1,686	2,550
Software License Arrangement [Member]
Deferred revenue	884	1,740
Deferred Other Revenue [Member]
Deferred revenue	$ 648	$ 523

Note 13 - Business Segment In53

Note 13 - Business Segment Information (Details Textual)	3 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Number of Geographic Locations	4
Number of Operating Segments	1
Geographic Concentration Risk [Member] | North America Revenue [Member] | CANADA
Concentration Risk, Percentage	1.00%	2.00%

Note 13 - Business Segment In54

Note 13 - Business Segment Information - Revenue by Region (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2017	Apr. 30, 2016
Revenue		$ 71,382	$ 65,397
Reportable Geographical Components [Member] | North America [Member]
Revenue	[1]	33,370	29,519
Reportable Geographical Components [Member] | EMEA [Member]
Revenue		20,881	19,792
Reportable Geographical Components [Member] | Asia Pacific [Member]
Revenue		12,166	11,680
Reportable Geographical Components [Member] | Latin America [Member]
Revenue		$ 4,965	$ 4,406
[1]	Sales into Canada accounted for 1% and 2% of North America total revenue in the three months ended April 30, 2017 and 2016, respectively.