Qad (QADA) 10-Q 7 Jun 19 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Apr. 30, 2019	May 31, 2019
Document Information [Line Items]
Entity Registrant Name	QAD INC
Entity Central Index Key	0001036188
Trading Symbol	qada
Current Fiscal Year End Date	--01-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		16,374,484
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,263,906

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Assets
Cash and equivalents	$ 150,990	$ 139,413
Short-term investments	1,200	1,200
Accounts receivable, net of allowances of $2,753 and $2,901 at April 30, 2019 and January 31, 2019, respectively	49,019	81,577
Other current assets, net	22,469	22,150
Total current assets	223,678	244,340
Property and equipment, net	29,716	29,621
Lease right-of-use assets	15,149
Capitalized software costs, net	1,664	1,598
Goodwill	12,333	12,423
Deferred tax assets, net	16,059	16,172
Other assets, net	12,824	13,020
Total assets	311,423	317,174
Liabilities and Stockholders’ Equity
Current portion of long-term debt	487	487
Lease liabilities	4,633
Accounts payable	8,381	9,902
Deferred revenue	104,471	115,253
Other current liabilities	34,253	40,348
Total current liabilities	152,225	165,990
Long-term debt	12,712	12,836
Long-term lease liabilities	11,210
Other liabilities	5,004	5,101
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; none issued or outstanding
Additional paid-in capital	198,664	196,723
Treasury stock, at cost (231,946 Class A shares and 273,474 Class B shares at April 30, 2019 and 241,667 Class A shares and 273,474 Class B shares at January 31, 2019)	(7,222)	(7,350)
Accumulated deficit	(53,266)	(48,485)
Accumulated other comprehensive loss	(7,924)	(7,661)
Total stockholders’ equity	130,272	133,247
Total liabilities and stockholders’ equity	311,423	317,174
Common Class A [Member]
Stockholders’ equity:
Common stock	16	16
Common Class B [Member]
Stockholders’ equity:
Common stock	$ 4	$ 4

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Accounts receivable, net of allowance	$ 2,753	$ 2,901
Preferred stock, par value (in dollars per share)		$ 0.001
Preferred stock, shares authorized (in shares)		5,000,000
Preferred stock, shares issued (in shares)		0
Preferred stock, shares outstanding (in shares)		0
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
Treasury stock (in shares)	231,946	241,667
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
Treasury stock (in shares)	273,474	273,474

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Revenue:
Revenues	$ 78,035	$ 86,190
Costs of revenue:
Costs of revenues	36,934	41,067
Gross profit	41,101	45,123
Operating expenses:
Sales and marketing	20,891	19,946
Research and development	13,987	14,006
General and administrative	9,418	9,362
Amortization of intangibles from acquisitions	67
Total operating expenses	44,363	43,314
Operating (loss) income	(3,262)	1,809
Other (income) expense:
Interest income	(724)	(524)
Interest expense	153	157
Other (income), net	(172)	(404)
Total other (income), net	(743)	(771)
(Loss) income before income taxes	(2,519)	2,580
Income tax expense	715	1,183
Net (loss) income	(3,234)	1,397
Diluted net (loss) income per share
Net (loss) income	(3,234)	1,397
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(263)	(510)
Total comprehensive (loss) income	(3,497)	887
Common Class A [Member]
Other (income) expense:
Net (loss) income	$ (2,774)	$ 1,196
Basic net (loss) income per share
Basic net (loss) income per share (in dollars per share)	$ (0.17)	$ 0.07
Diluted net (loss) income per share
Diluted net (loss) income per share (in dollars per share)	$ (0.17)	$ 0.07
Net (loss) income	$ (2,774)	$ 1,196
Common Class B [Member]
Other (income) expense:
Net (loss) income	$ (460)	$ 201
Basic net (loss) income per share
Basic net (loss) income per share (in dollars per share)	$ (0.14)	$ 0.06
Diluted net (loss) income per share
Diluted net (loss) income per share (in dollars per share)	$ (0.14)	$ 0.06
Net (loss) income	$ (460)	$ 201
Subscription and Circulation [Member]
Revenue:
Revenues	25,306	21,511
Costs of revenue:
Costs of revenues	9,417	8,228
License [Member]
Revenue:
Revenues	4,466	6,266
Costs of revenue:
Costs of revenues	591	664
Maintenance [Member]
Revenue:
Revenues	29,899	31,483
Costs of revenue:
Costs of revenues	7,603	7,865
Professional Services [Member]
Revenue:
Revenues	18,364	26,930
Costs of revenue:
Costs of revenues	$ 19,323	$ 24,310

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Common Class A [Member]	Common Class B [Member]	Total
Balance (in shares) at Jan. 31, 2018	16,605	3,537	(892)
Balance at Jan. 31, 2018	$ 16	$ 4	$ (12,461)	$ 200,456	$ (75,559)	$ (6,828)			$ 105,628
Cumulative effect of the adoption of ASC606 and ASU2016-16 at Jan. 31, 2018					22,125				22,125
Adjusted balance (in shares) at Jan. 31, 2018	16,605	3,537	(892)
Adjusted balance at Jan. 31, 2018	$ 16	$ 4	$ (12,461)	200,456	(53,434)	(6,828)			127,753
Net (loss) income					1,397		$ 1,196	$ 201	1,397
Foreign currency translation adjustments						(510)			(510)
Stock award exercises (in shares)			167
Stock award exercises			$ 2,495	(6,391)					(3,896)
Stock compensation expense				2,106					2,106
Dividends declared ($0.072 and $0.06 per Class A and Class B share, respectively)					(1,359)				(1,359)
Restricted stock (in shares)			7
Restricted stock			$ (69)	(113)					(182)
Balance (in shares) at Apr. 30, 2018	16,605	3,537	(718)
Balance at Apr. 30, 2018	$ 16	$ 4	$ (10,035)	196,058	(53,396)	(7,338)			125,309
Balance (in shares) at Jan. 31, 2019	16,605	3,537	(515)
Balance at Jan. 31, 2019	$ 16	$ 4	$ (7,350)	196,723	(48,485)	(7,661)			133,247
Net (loss) income					(3,234)		$ (2,774)	$ (460)	(3,234)
Foreign currency translation adjustments						(263)			(263)
Stock award exercises (in shares)			3
Stock award exercises			$ 87	(144)					(57)
Stock compensation expense				2,304					2,304
Dividends declared ($0.072 and $0.06 per Class A and Class B share, respectively)					(1,374)				(1,374)
Restricted stock (in shares)			7
Restricted stock			$ 41	(219)					(178)
Adoption of ASU2016-02, Leases (Topic 842) | Accounting Standards Update 2016-02 [Member]					(173)				(173)
Balance (in shares) at Apr. 30, 2019	16,605	3,537	(505)
Balance at Apr. 30, 2019	$ 16	$ 4	$ (7,222)	$ 198,664	$ (53,266)	$ (7,924)			$ 130,272

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - Retained Earnings [Member] - $ / shares	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Common Class A [Member]
Dividends declared, per share (in dollars per share)	$ 0.072	$ 0.072
Common Class B [Member]
Dividends declared, per share (in dollars per share)	$ 0.06	$ 0.06

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities:
Net (loss) income	$ (3,234)	$ 1,397
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	1,493	1,362
Amortization of costs capitalized to obtain and fulfill contracts	1,073	1,004
Non-cash lease expense	1,456
Net change in valuation allowance	809	1,416
Other deferred income taxes	37	1,053
Provision for doubtful accounts and sales adjustments	(67)	270
Stock compensation expense	2,304	2,106
Change in fair value of derivative instrument	91	(117)
Other, net	64	3
Changes in assets and liabilities:
Accounts receivable	32,033	25,543
Costs capitalized to obtain and fulfill contracts	(927)	(765)
Lease liabilities	(1,584)
Other assets	(1,753)	(3,692)
Accounts payable	(1,378)	(5,459)
Deferred revenue	(9,426)	(11,020)
Other liabilities	(6,796)	(9,316)
Net cash provided by operating activities	14,195	3,785
Cash flows from investing activities:
Purchase of property and equipment	(1,036)	(1,093)
Capitalized software costs	(264)	(179)
Net cash used in investing activities	(1,300)	(1,272)
Cash flows from financing activities:
Repayments of debt	(122)	(117)
Tax payments related to stock awards	(235)	(4,078)
Net cash used in financing activities	(357)	(4,195)
Effect of exchange rates on cash and equivalents	(961)	(952)
Net increase (decrease) in cash and equivalents	11,577	(2,634)
Cash and equivalents at beginning of period	139,413	147,023
Cash and equivalents at end of period	150,990	144,389
Supplemental disclosure of non-cash activities
Obligations associated with dividend declaration	1,374	1,359
Supplemental disclosure of cash flow information:
Interest	149	154
Income taxes, net of refunds	$ 791	$ 799

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2019
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 in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 X. not 10 January 31, 2019. three April 30, 2019 not January 31, 2020. The Company’s accounting policies are set forth in detail in Note 1 10 January 31, 2019 Certain prior year amounts have been reclassified for consistency with the current year presentation. Adjustments were made to the operating activities section of the Condensed Consolidated Statements of Cash Flows. These reclassifications had no no Recent Accounting Pronouncements Except as discussed below, there have been no three April 30, 2019, Recent Accounting Pronouncements Adopted In February 2016, No. 2016 02, 842 2016 02, February 1, 2019, 840, not The Company elected the package of practical expedients not not Adoption of the new standard resulted in the recording of a non-cash transitional adjustment to ROU lease assets and lease liabilities of approximately $13.1 $13.9 February 1, 2019. 2016 02 not Recent Accounting Pronouncements Not Yet Adopted In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 ): Simplifying the Test for Goodwill Impairment, 2 zero 2 February 1, 2020. not 2017 04

Note 2 - Revenue

Note 2 - Revenue	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. REVENUE QAD offers its software using the same underlying technology via two not The Company generates revenue through sales of licenses and maintenance provided to its on-premises customers and through subscriptions of its cloud-based software. QAD offers professional services to both its on-premises and cloud customers to assist them with the design, testing and implementation of its software. The Company determines revenue recognition through the following steps: - Identification of the contract, or contracts, with a customer; - Identification of the performance obligations in the contract; - Determination of the transaction price; - Allocation of the transaction price to the performance obligations in the contract; and - Recognition of revenue when, or as, the Company satisfies a performance obligation. Revenue is presented net of sales, value-added and other taxes collected from customers and remitted to government authorities. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account under Topic 606. The Company’s contracts which contain multiple performance obligations generally consist of the initial purchase of subscription or licenses and a professional services engagement. License purchases generally have multiple performance obligations as customers purchase maintenance in addition to the licenses. The Company’s single performance obligation arrangements are typically maintenance renewals, subscription renewals and services engagements. For contracts with multiple performance obligations where the contracted price differs from the standalone selling price ("SSP") for any distinct good or service, the Company may Judgment is required to determine the SSP for each distinct performance obligation. The Company rarely licenses or sells its software products on a stand-alone basis, so the Company is required to estimate the range of SSPs for each performance obligation. In instances where SSP is not not may Subscription Subscription revenue is recognized ratably over the initial subscription period committed to by the customer commencing when the cloud environment is made available to the customer. The initial subscription period is typically 12 60 30 Software Licenses Transfer of control for software is considered to have occurred upon electronic delivery of the license key that provides immediate availability of the product to the customer. The Company’s typical payment terms tend to vary by region but its standard payment terms are within 30 90 Maintenance Revenue from support services and product updates, referred to as maintenance revenue, is recognized ratably over the term of the maintenance period, which in most instances is one 30 Professional Services Revenue from professional services is typically comprised of implementation, development, training or other consulting services. Consulting services are generally sold on a time-and-materials or fixed fee basis and can include services ranging from software installation to data conversion and building non-complex interfaces to allow the software to operate in integrated environments. The Company recognizes revenue for time-and-materials arrangements as the services are performed. In fixed fee arrangements, revenue is recognized as services are performed as measured by costs incurred to date, compared to total estimated costs to complete the services project. Management applies judgment when estimating project status and the costs necessary to complete the services projects. A number of internal and external factors can affect these estimates, including labor rates, utilization and efficiency variances and specification and testing requirement changes. Services are generally invoiced upon milestones in the contract or upon consumption of the hourly resources and payments are typically due 30 Indirect Sales Channels The Company executes arrangements through indirect sales channels via sales agents and distributors who are authorized to market its software products to end users. In arrangements with sales agents, QAD contracts directly with the customer and sales agents are compensated on a commission basis. Distributor arrangements are those in which the resellers are authorized to market and distribute the Company’s software products to end users in specified territories and the distributor bears the risk of collection from the end user customer. The Company recognizes revenue from transactions with distributors when the distributor submits a signed agreement and transfer of control has occurred to the distributor in accordance with the five not Disaggregated Revenue The Company disaggregates revenue from contracts with customers by geography and by the customers’ industry within manufacturing, as it believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company’s revenue by geography is as follows: Three Months Ended April 30, 2019 2018 (in thousands) North America $ 37,659 $ 40,025 EMEA 22,509 25,087 Asia Pacific 11,886 12,559 Latin America 5,981 8,519 Total revenue $ 78,035 $ 86,190 The Company’s revenue by industry is as follows: Three Months Ended April 30, 2019 2018 (in thousands) Automotive $ 29,072 $ 37,062 Consumer products and food and beverage 11,978 13,790 High technology and industrial products 25,548 24,995 Life sciences and other 11,437 10,343 Total revenue $ 78,035 $ 86,190 Management Judgments Due to the complexity of certain contracts, the actual revenue recognition treatment required under Topic 606 may may Revenue is recognized over time for the Company’s subscription, maintenance and fixed fee professional services that are separate performance obligations. For the Company’s professional services, revenue is recognized over time, generally using costs incurred or hours expended to measure progress. Judgment is required in estimating project status and the costs necessary to complete projects. A number of internal and external factors can affect these estimates, including labor rates, utilization, specification variances and testing requirement changes. If a group of agreements are entered at or near the same time and so closely related that they are, in effect, part of a single arrangement, such agreements are deemed to be combined as one If a contract includes variable consideration, the Company exercises judgment in estimating the amount of consideration to which the entity will be entitled in exchange for transferring the promised goods or services to a customer. When estimating variable consideration, the Company will consider all relevant facts and circumstances. Variable consideration will be estimated and included in the contract price only when it is probable that a significant reversal in the amount of revenue recognized will not Contract Balances The timing of revenue recognition may not not The contract assets indicated below are presented as other current and non-current assets in the Condensed Consolidated Balance Sheets. These assets primarily relate to professional services and subscription and consist of the Company’s rights to consideration for goods or services transferred but not April 30, 2019. The Company’s contract balances are as follows: April 30, 2019 January 31, 2019 (In thousands) Contract assets, short-term (in Other current assets, net) $ 2,370 $ 2,058 Contract assets, long-term (in Other assets, net) 345 - Total contract assets $ 2,715 $ 2,058 Deferred revenue, short-term $ 104,471 $ 115,253 Deferred revenue, long-term (in Other liabilities) 1,713 1,465 Total deferred revenue $ 106,184 $ 116,718 During the three April 30, 2019, $52.3 Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted but unsatisfied performance obligations were approximately $254.7 April 30, 2019, $157.5 twelve not not Deferred Revenue The Company typically invoices its customers for subscription and support fees in advance on a quarterly or annual basis, with payment due at the start of the subscription or support term. Unpaid invoice amounts for non-cancelable services starting in future periods are included in accounts receivable and deferred revenue. The portion of deferred revenue that QAD anticipates will be recognized after the succeeding twelve Deferred revenues consisted of the following: April 30, 2019 January 31, 2019 (in thousands) Deferred maintenance $ 68,416 $ 77,037 Deferred subscription 33,227 34,020 Deferred professional services 2,020 2,146 Deferred license 45 1,713 Deferred other revenue 763 337 Deferred revenues, current 104,471 115,253 Deferred revenues, non-current (in Other liabilities) 1,713 1,465 Total deferred revenues $ 106,184 $ 116,718 Practical Expedients and Exemptions There are several practical expedients and exemptions allowed under Topic 606 ● The Company does not one ● The Company generally expenses sales commissions and sales agent fees when incurred when the amortization period would have been one ● The Company also used the practical expedient to calculate contract acquisition costs based on a portfolio of contracts with similar characteristics instead of a contract by contract analysis. ● The Company does not Costs to Obtain and Fulfill a Contract The Company’s incremental direct costs of obtaining a contract consist of sales commissions and sales agent fees which are deferred and amortized ratably over the term of economic benefit which the Company has determined to be five one April 30, 2019 January 31, 2019, $10.9 $11.0 three April 30, 2019 2018, $0.9 Costs to fulfill a contract, which are incurred upon initiation of certain services contracts and are related to initial customer setup, are included in other current assets and long-term assets in the Company’s Condensed Consolidated Balance Sheets. At April 30, 2019 January 31, 2019 $1.4 $1.5 five three April 30, 2019 2018, $0.1 Recoverability of these costs is subject to various business risks. Quarterly, the Company compares the carrying value of these assets with the undiscounted future cash flows expected to be generated by them to determine if there is impairment. If impaired, these assets are reduced to an estimated fair value on a discounted cash flow basis. No three April 30, 2019.

Note 3 - Computation of Net (Lo

Note 3 - Computation of Net (Loss) Income Per Share	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	3. COMPUTATION OF NET (LOSS) INCOME PER SHARE The following table sets forth the computation of basic and diluted net (loss) income per share: Three Months Ended April 30, 2019 2018 (in thousands except per share data) Net (loss) income $ (3,234 ) $ 1,397 Less: Dividends declared (1,374 ) (1,359 ) Undistributed net (loss) income $ (4,608 ) $ 38 Net (loss) income per share – Class A Common Stock Dividends declared $ 1,178 $ 1,164 Allocation of undistributed net (loss) income (3,952 ) 32 Net (loss) income attributable to Class A common stock $ (2,774 ) $ 1,196 Weighted average shares of Class A common stock outstanding— basic 16,367 16,076 Weighted average potential shares of Class A common stock — 1,750 Weighted average shares of Class A common stock and potential common shares outstanding— diluted 16,367 17,826 Basic net (loss) income per Class A common share $ (0.17 ) $ 0.07 Diluted net (loss) income per Class A common share $ (0.17 ) $ 0.07 Net (loss) income per share – Class B Common Stock Dividends declared $ 196 $ 195 Allocation of undistributed net (loss) income (656 ) 6 Net (loss) income attributable to Class B common stock $ (460 ) $ 201 Weighted average shares of Class B common stock outstanding— basic 3,264 3,232 Weighted average potential shares of Class B common stock — 182 Weighted average shares of Class B common stock and potential common shares outstanding— diluted 3,264 3,414 Basic net (loss) income per Class B common share $ (0.14 ) $ 0.06 Diluted net (loss) income per Class B common share $ (0.14 ) $ 0.06 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, 2019 2018 (in thousands) Class A 2,899 — Class B 278 —

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	4. FAIR VALUE MEASUREMENTS When determining fair value, the Company uses a three not • Level 1 • Level 2 The following table sets forth the financial assets, measured at fair value, as of April 30, 2019 January 31, 2019: Fair value measurement at reporting date using Quoted Prices Significant Significant (in thousands) Money market mutual funds as of April 30, 2019 $ 119,247 Money market mutual funds as of January 31, 2019 $ 107,855 Short-term investments as of April 30, 2019 $ 1,200 Short-term investments as of January 31, 2019 $ 1,200 Asset related to the interest rate swap as of April 30, 2019 $ 45 Asset related to the interest rate swap as of January 31, 2019 $ 136 Money market mutual funds are classified as part of “Cash and equivalents” in the accompanying Consolidated Balance Sheets. The amount of cash and equivalents deposited with commercial banks was $31.7 $31.6 April 30, 2019 January 31, 2019, The Company’s note payable bears a variable market interest rate commensurate with the Company’s credit standing. Therefore, the carrying amount outstanding under the note payable reasonably approximates fair value based on Level 2 There have been no three April 30, 2019. Derivative Instruments The Company entered into an interest rate swap in May 2012 one 7 The fair values of the derivative instrument at April 30, 2019 January 31, 2019 Asset Fair Value Balance Sheet April 30, January 31, Derivative instrument: Interest rate swap Other assets, net $ 45 $ 136 Total $ 45 $ 136 The change in fair value of the interest rate swap recognized in the Condensed Consolidated Statement of Operations and Comprehensive (Loss) Income for the three April 30, 2019 2018 91,000 $117,000,

Note 5 - Capitalized Software C

Note 5 - Capitalized Software Costs	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Capitalized Software Costs [Text Block]	5. CAPITALIZED SOFTWARE COSTS Capitalized software costs and accumulated amortization at April 30, 2019 January 31, 2019 April 30, 2019 January 31, 2019 (in thousands) Capitalized software costs: Capitalized software development costs $ 2,486 $ 2,314 Acquired software technology 135 135 2,621 2,449 Less accumulated amortization (957 ) (851 ) Capitalized software costs, net $ 1,664 $ 1,598 The Company’s capitalized software development costs relate to translations and localizations of QAD Adaptive Applications. Acquired software technology costs relate to acquired technology purchased during the second 2019. It is the Company’s policy to write off capitalized software development costs once fully amortized. Accordingly, during the first three 2020, $0.1 Amortization of capitalized software costs was $0.2 $0.1 three April 30, 2019 2018, The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of April 30, 2019: Fiscal Years (in thousands) 2020 remaining $ 627 2021 660 2022 317 2023 47 Thereafter 13 $ 1,664

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6. GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the three April 30, 2019 Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 2019 $ 28,031 $ (15,608 ) $ 12,423 Impact of foreign currency translation (90 ) - (90 ) Balance at April 30, 2019 $ 27,941 $ (15,608 ) $ 12,333 The Company performed its annual goodwill impairment review during the fourth 2019. November 30, 2018. no 2019. No three April 30, 2019 Intangible Assets April 30, 2019 January 31, 2019 (in thousands) Amortizable intangible assets: Customer relationships $ 1,335 $ 1,348 Less accumulated amortization (181 ) (115 ) Amortizable intangible assets, net $ 1,154 $ 1,233 The Company’s intangible assets as of April 30, 2019 second third 2019. 5 The following table summarizes the estimated amortization expense relating to the Company’s intangible assets as of April 30, 2019: Fiscal Years (in thousands) 2020 remaining $ 200 2021 267 2022 267 2023 267 Thereafter 153 $ 1,154

Note 7 - Debt

Note 7 - Debt	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	7. DEBT April 30, 2019 January 31, 2019 (in thousands) Note payable $ 13,231 $ 13,358 Less current maturities (487 ) (487 ) Less loan origination costs, net (32 ) (35 ) Long-term debt $ 12,712 $ 12,836 Note Payable Effective May 30, 2012, “2012 2012 $16.1 one 2.25%. 2.48% April 30, 2019. 2012 June 2022 2012 $16.1 4.31% 2012 2012 $88,100 one $11.7 April 30, 2019 $13.2

Note 8 - Leases

Note 8 - Leases	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. LEASES The Company leases certain office space, office equipment and autos with remaining lease terms of one eight not one six The Company treats a contract as a lease when the contract conveys the right to use a physically distinct asset for a period of time in exchange for consideration, the Company directs the use of the asset and obtains substantially all the economic benefits of the asset. These leases are recorded as right-of-use (“ROU”) assets and lease obligation liabilities for leases with terms greater than 12 not February 1, 2019 QAD reviews the impairment of ROU assets consistent with the approach applied for the Company’s other long-lived assets. The Company reviews the recoverability of long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not The Company has applied the practical expedient available for lessees in which lease and non-lease components are accounted for as a single lease component for all asset classes. The Company also elected the practical expedient to exclude short-term leases (leases with original terms of 12 Lease expense is recognized on a straight-line basis over the lease term, while variable lease payments are expensed as incurred. Variable payments change due to facts or circumstances occurring after the commencement date, other than the passage of time, and do not not Supplemental balance sheet information related to leases was as follows (in thousands): April 30, 2019 Assets Operating lease assets, net $ 15,149 Liabilities Current Operating $ 4,633 Noncurrent Operating 11,210 Total lease liabilities $ 15,843 The components of lease cost were as follows (in thousands): Three Months Ended April 30, 2019 Operating lease cost $ 1,456 Variable lease cost 372 Short-term lease cost 74 Net lease cost $ 1,902 Lease term and discount rate were as follows: April 30, 2019 Weighted-average remaining lease term (in years) Operating leases 4.4 Weighted-average discount rate Operating leases 5.98 % Supplemental disclosures of cash flow information related to leases were as follows: Three Months Ended April 30, 2019 Cash flows related to lease liabilities Operating cash flows related to operating leases $ (1,584 ) Non-cash items Leased assets obtained in exchange for new operating lease liabilities $ 3,425 Maturities of lease liabilities were as follows as of April 30, 2019 Operating Leases Within 1 year $ 5.6 2 years 4.4 3 years 2.6 4 years 1.8 5 years 1.5 Thereafter 2.5 Total lease payments $ 18.4 Less: Imputed interest (2.4 ) Present value of lease liabilities $ 16.0 As of January 31, 2019 840, five 2020 $ 5.6 2021 4.6 2022 2.8 2023 1.8 2024 1.5 Thereafter 2.8 Total $ 19.1 The Company is a lessor for certain office space owned by the Company and leased to others under non-cancelable leases with initial terms ranging from three one three one no no April 30, 2019 $0.2

Note 9 - Accumulated Other Comp

Note 9 - Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Accumulated Other Comprehensive Income (Loss) [Text Block]	9. 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, 2019 $ (7,661 ) Other comprehensive loss before reclassifications (263 ) Amounts reclassified from accumulated other comprehensive loss — Net current period other comprehensive loss (263 ) Balance as of April 30, 2019 $ (7,924 )

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. INCOME TAXES In determining the quarterly provision for income taxes, the Company calculated income tax expense based on actual quarterly results in the first 2020 2019, 2020 2019 The Company recorded income tax expense of $0.7 $1.2 first three 2020 2019, 28% first 2020 46% first three 2020 2019 When calculating QAD’s income tax expense for the first three 2020, December 22, 2017. September 13, 2018 first 2019, not first 2020, not The Company has elected to treat the deferred taxes related to GILTI provisions as a current-period expense when incurred (the “period cost method”). The gross amount of unrecognized tax benefits was $1.3 April 30, 2019, $1 2013 11. twelve 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, 2019, $0.1 The Company reviews its net deferred tax assets by jurisdiction on a quarterly basis to determine whether a valuation allowance is necessary based on the more-likely-than- not April 30, 2019, April 30, 2019 January 31, 2019, $35.6 $34.9 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 ● Netherlands for fiscal year ended January 31, 2016 ● Germany for fiscal years ended January 31, 2015, 2016 2017 ● Switzerland for fiscal years ended January 31, 2014, 2015, 2016, 2017 2018 During fiscal 2020, ● Tennessee for fiscal years ended January 31, 2014, 2015, 2016 2017

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	11. STOCKHOLDERS’ EQUITY Dividends The following table sets forth the dividends that were declared by the Company during the first three 2020: Declaration Date Record Date Payable Dividend Class A Dividend Class B (in thousands) 4/9/2019 4/23/2019 5/3/2019 $ 0.072 $ 0.06 $ 1,374

Note 12 - Stock-based Compensat

Note 12 - Stock-based Compensation	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	12. 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 6 10 January 31, 2019. Stock-Based Compensation The following table sets forth reported stock-based compensation expense for the three April 30, 2019 2018: Three Months Ended April 30, 2019 2018 (in thousands) Cost of subscription $ 70 $ 49 Cost of maintenance and other 121 92 Cost of professional services 322 226 Sales and marketing 380 402 Research and development 427 315 General and administrative 984 1,022 Total stock-based compensation expense $ 2,304 $ 2,106 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, 2019: RSUs Weighted Average Grant Date Fair Value (in thousands) Outstanding at January 31, 2019 663 $ 36.64 Granted 1 41.49 Released (1) (11 ) 26.31 Forfeited (16 ) 36.79 Outstanding at April 30, 2019 637 $ 36.83 ( 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, 2019, 4,000 $0.2 three April 30, 2018, 4,000 $0.2 Total unrecognized compensation cost related to RSUs was approximately $16.7 April 30, 2019. 2.7 SAR Information The following table summarizes the activity for outstanding SARs for the three April 30, 2019: SARs (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 2019 2,533 $ 20.81 Granted — — Exercised (5 ) 10.78 Expired — — Forfeited — — Outstanding at April 30, 2019 2,528 $ 20.83 3.3 $ 63,211 Vested and exercisable at April 30, 2019 2,053 (1) $ 17.06 2.6 $ 57,650 ( 1 April 30, 2019 877,500 127,500 August 25, 2019 not $10.50 $31.65. 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, 2019, April 30, 2019. three April 30, 2019 $0.2 The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the three April 30, 2019, 1,000 $57,000. three April 30, 2018, 93,000 $3.9 At April 30, 2019, $3.8 2.7

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	13. 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 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

Note 14 - Business Segment Info

Note 14 - Business Segment Information	3 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	14. 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 606, not 280, Segment Reporting not one Subscription, license and maintenance revenues are generally assigned to the region where a majority of end users are located. Professional services revenue is assigned based on the region where the services are delivered. Three Months Ended April 30, 2019 2018 (in thousands) Revenue: North America (1) $ 37,659 $ 40,025 EMEA 22,509 25,087 Asia Pacific 11,886 12,559 Latin America 5,981 8,519 $ 78,035 $ 86,190 ( 1 Sales into Canada accounted for 3% 2% three April 30, 2019 2018,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2019
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 in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 X. not 10 January 31, 2019. three April 30, 2019 not January 31, 2020. The Company’s accounting policies are set forth in detail in Note 1 10 January 31, 2019 Certain prior year amounts have been reclassified for consistency with the current year presentation. Adjustments were made to the operating activities section of the Condensed Consolidated Statements of Cash Flows. These reclassifications had no no
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Except as discussed below, there have been no three April 30, 2019, Recent Accounting Pronouncements Adopted In February 2016, No. 2016 02, 842 2016 02, February 1, 2019, 840, not The Company elected the package of practical expedients not not Adoption of the new standard resulted in the recording of a non-cash transitional adjustment to ROU lease assets and lease liabilities of approximately $13.1 $13.9 February 1, 2019. 2016 02 not Recent Accounting Pronouncements Not Yet Adopted In January 2017, 2017 04, Intangibles—Goodwill and Other (Topic 350 ): Simplifying the Test for Goodwill Impairment, 2 zero 2 February 1, 2020. not 2017 04

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended April 30, 2019 2018 (in thousands) North America $ 37,659 $ 40,025 EMEA 22,509 25,087 Asia Pacific 11,886 12,559 Latin America 5,981 8,519 Total revenue $ 78,035 $ 86,190 Three Months Ended April 30, 2019 2018 (in thousands) Automotive $ 29,072 $ 37,062 Consumer products and food and beverage 11,978 13,790 High technology and industrial products 25,548 24,995 Life sciences and other 11,437 10,343 Total revenue $ 78,035 $ 86,190
Contract with Customer, Asset and Liability [Table Text Block]	April 30, 2019 January 31, 2019 (In thousands) Contract assets, short-term (in Other current assets, net) $ 2,370 $ 2,058 Contract assets, long-term (in Other assets, net) 345 - Total contract assets $ 2,715 $ 2,058 Deferred revenue, short-term $ 104,471 $ 115,253 Deferred revenue, long-term (in Other liabilities) 1,713 1,465 Total deferred revenue $ 106,184 $ 116,718 April 30, 2019 January 31, 2019 (in thousands) Deferred maintenance $ 68,416 $ 77,037 Deferred subscription 33,227 34,020 Deferred professional services 2,020 2,146 Deferred license 45 1,713 Deferred other revenue 763 337 Deferred revenues, current 104,471 115,253 Deferred revenues, non-current (in Other liabilities) 1,713 1,465 Total deferred revenues $ 106,184 $ 116,718

Note 3 - Computation of Net (_2

Note 3 - Computation of Net (Loss) Income Per Share (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended April 30, 2019 2018 (in thousands except per share data) Net (loss) income $ (3,234 ) $ 1,397 Less: Dividends declared (1,374 ) (1,359 ) Undistributed net (loss) income $ (4,608 ) $ 38 Net (loss) income per share – Class A Common Stock Dividends declared $ 1,178 $ 1,164 Allocation of undistributed net (loss) income (3,952 ) 32 Net (loss) income attributable to Class A common stock $ (2,774 ) $ 1,196 Weighted average shares of Class A common stock outstanding— basic 16,367 16,076 Weighted average potential shares of Class A common stock — 1,750 Weighted average shares of Class A common stock and potential common shares outstanding— diluted 16,367 17,826 Basic net (loss) income per Class A common share $ (0.17 ) $ 0.07 Diluted net (loss) income per Class A common share $ (0.17 ) $ 0.07 Net (loss) income per share – Class B Common Stock Dividends declared $ 196 $ 195 Allocation of undistributed net (loss) income (656 ) 6 Net (loss) income attributable to Class B common stock $ (460 ) $ 201 Weighted average shares of Class B common stock outstanding— basic 3,264 3,232 Weighted average potential shares of Class B common stock — 182 Weighted average shares of Class B common stock and potential common shares outstanding— diluted 3,264 3,414 Basic net (loss) income per Class B common share $ (0.14 ) $ 0.06 Diluted net (loss) income per Class B common share $ (0.14 ) $ 0.06
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended April 30, 2019 2018 (in thousands) Class A 2,899 — Class B 278 —

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using Quoted Prices Significant Significant (in thousands) Money market mutual funds as of April 30, 2019 $ 119,247 Money market mutual funds as of January 31, 2019 $ 107,855 Short-term investments as of April 30, 2019 $ 1,200 Short-term investments as of January 31, 2019 $ 1,200 Asset related to the interest rate swap as of April 30, 2019 $ 45 Asset related to the interest rate swap as of January 31, 2019 $ 136
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Asset Fair Value Balance Sheet April 30, January 31, Derivative instrument: Interest rate swap Other assets, net $ 45 $ 136 Total $ 45 $ 136

Note 5 - Capitalized Software_2

Note 5 - Capitalized Software Costs (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Capitalized Software Costs [Table Text Block]	April 30, 2019 January 31, 2019 (in thousands) Capitalized software costs: Capitalized software development costs $ 2,486 $ 2,314 Acquired software technology 135 135 2,621 2,449 Less accumulated amortization (957 ) (851 ) Capitalized software costs, net $ 1,664 $ 1,598
Schedule of Capitalized Software Costs Amortization Expense [Table Text Block]	Fiscal Years (in thousands) 2020 remaining $ 627 2021 660 2022 317 2023 47 Thereafter 13 $ 1,664

Note 6 - Goodwill and Intangi_2

Note 6 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Goodwill [Table Text Block]	Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 2019 $ 28,031 $ (15,608 ) $ 12,423 Impact of foreign currency translation (90 ) - (90 ) Balance at April 30, 2019 $ 27,941 $ (15,608 ) $ 12,333
Schedule of Finite-Lived Intangible Assets [Table Text Block]	April 30, 2019 January 31, 2019 (in thousands) Amortizable intangible assets: Customer relationships $ 1,335 $ 1,348 Less accumulated amortization (181 ) (115 ) Amortizable intangible assets, net $ 1,154 $ 1,233
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Years (in thousands) 2020 remaining $ 200 2021 267 2022 267 2023 267 Thereafter 153 $ 1,154

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	April 30, 2019 January 31, 2019 (in thousands) Note payable $ 13,231 $ 13,358 Less current maturities (487 ) (487 ) Less loan origination costs, net (32 ) (35 ) Long-term debt $ 12,712 $ 12,836

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Lessee, Operating Lease, Assets and Liabilities [Table Text Block]	April 30, 2019 Assets Operating lease assets, net $ 15,149 Liabilities Current Operating $ 4,633 Noncurrent Operating 11,210 Total lease liabilities $ 15,843
Lease, Cost [Table Text Block]	Three Months Ended April 30, 2019 Operating lease cost $ 1,456 Variable lease cost 372 Short-term lease cost 74 Net lease cost $ 1,902
Lessee, Weighted Average Lease Term and Discount Rate [Table Text Block]	April 30, 2019 Weighted-average remaining lease term (in years) Operating leases 4.4 Weighted-average discount rate Operating leases 5.98 %
Lessee, Operating Leases, Supplemental Cash Flow Disclosure [Table Text Block]	Three Months Ended April 30, 2019 Cash flows related to lease liabilities Operating cash flows related to operating leases $ (1,584 ) Non-cash items Leased assets obtained in exchange for new operating lease liabilities $ 3,425
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating Leases Within 1 year $ 5.6 2 years 4.4 3 years 2.6 4 years 1.8 5 years 1.5 Thereafter 2.5 Total lease payments $ 18.4 Less: Imputed interest (2.4 ) Present value of lease liabilities $ 16.0
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	2020 $ 5.6 2021 4.6 2022 2.8 2023 1.8 2024 1.5 Thereafter 2.8 Total $ 19.1

Note 9 - Accumulated Other Co_2

Note 9 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments (in thousands) Balance as of January 31, 2019 $ (7,661 ) Other comprehensive loss before reclassifications (263 ) Amounts reclassified from accumulated other comprehensive loss — Net current period other comprehensive loss (263 ) Balance as of April 30, 2019 $ (7,924 )

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Dividends Declared [Table Text Block]	Declaration Date Record Date Payable Dividend Class A Dividend Class B (in thousands) 4/9/2019 4/23/2019 5/3/2019 $ 0.072 $ 0.06 $ 1,374

Note 12 - Stock-based Compens_2

Note 12 - Stock-based Compensation (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended April 30, 2019 2018 (in thousands) Cost of subscription $ 70 $ 49 Cost of maintenance and other 121 92 Cost of professional services 322 226 Sales and marketing 380 402 Research and development 427 315 General and administrative 984 1,022 Total stock-based compensation expense $ 2,304 $ 2,106
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	RSUs Weighted Average Grant Date Fair Value (in thousands) Outstanding at January 31, 2019 663 $ 36.64 Granted 1 41.49 Released (1) (11 ) 26.31 Forfeited (16 ) 36.79 Outstanding at April 30, 2019 637 $ 36.83
Share-based Payment Arrangement, Option and Stock Appreciation Rights, 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, 2019 2,533 $ 20.81 Granted — — Exercised (5 ) 10.78 Expired — — Forfeited — — Outstanding at April 30, 2019 2,528 $ 20.83 3.3 $ 63,211 Vested and exercisable at April 30, 2019 2,053 (1) $ 17.06 2.6 $ 57,650

Note 14 - Business Segment In_2

Note 14 - Business Segment Information (Tables)	3 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended April 30, 2019 2018 (in thousands) Revenue: North America (1) $ 37,659 $ 40,025 EMEA 22,509 25,087 Asia Pacific 11,886 12,559 Latin America 5,981 8,519 $ 78,035 $ 86,190

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2019	Feb. 01, 2019	Jan. 31, 2019
Operating Lease, Right-of-Use Asset	$ 15,149
Operating Lease, Liability, Total	$ 15,843
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 13,100
Operating Lease, Liability, Total		$ 13,900

Note 2 - Revenue 1 (Details Tex

Note 2 - Revenue 1 (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Revenue, Remaining Performance Obligation, Amount	$ 254,700
Capitalized Contract Cost, Amortization	1,073	$ 1,004
Capitalized Contract Cost, Impairment Loss	0
Contract with Customer, Liability, Revenue Recognized	$ 52,300
Direct Costs of Obtaining Contract [Member]
Capitalized Contract Cost, Amortization Period	5 years
Capitalized Contract Cost, Net, Total	$ 10,900		$ 11,000
Direct Costs of Obtaining Contract [Member] | Selling and Marketing Expense [Member]
Capitalized Contract Cost, Amortization	$ 900	900
Costs to Fulfill Contract [Member]
Capitalized Contract Cost, Amortization Period	5 years
Capitalized Contract Cost, Net, Total	$ 1,400		$ 1,500
Costs to Fulfill Contract [Member] | Cost of Sales [Member]
Capitalized Contract Cost, Amortization	$ 100	$ 100

Note 2 - Revenue 2 (Details Tex

Note 2 - Revenue 2 (Details Textual) $ in Thousands	Apr. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 254,700
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-05-01
Revenue, Remaining Performance Obligation, Amount	$ 157,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Revenues	$ 78,035	$ 86,190
North America [Member]
Revenues	22,509	25,087
EMEA [Member]
Revenues	11,886	12,559
Asia Pacific [Member]
Revenues	5,981	8,519
Latin America [Member]
Revenues	78,035	86,190
Automotive [Member]
Revenues	29,072	37,062
Consumer Products and Food and Beverage [Member]
Revenues	11,978	13,790
High Technology and Industrial Products [Member]
Revenues	25,548	24,995
Life Sciences [Member]
Revenues	$ 11,437	$ 10,343

Note 2 - Revenue - Contract Bal

Note 2 - Revenue - Contract Balances (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Contract assets, short-term (in Other current assets, net)	$ 2,370	$ 2,058
Contract assets, long-term (in Other assets, net)	345
Total contract assets	2,715	2,058
Deferred revenue	104,471	115,253
Deferred revenue, long-term (in Other liabilities)	1,713	1,465
Total deferred revenue	106,184	116,718
Deferred revenues, current	104,471	115,253
Deferred revenues, non-current (in Other liabilities)	1,713	1,465
Maintenance [Member]
Deferred revenue	68,416	77,037
Deferred revenues, current	68,416	77,037
Subscription and Circulation [Member]
Deferred revenue	33,227	34,020
Deferred revenues, current	33,227	34,020
Professional Services [Member]
Deferred revenue	2,020	2,146
Deferred revenues, current	2,020	2,146
License [Member]
Deferred revenue	45	1,713
Deferred revenues, current	45	1,713
Product and Service, Other [Member]
Deferred revenue	763	337
Deferred revenues, current	$ 763	$ 337

Note 3 - Computation of Net (_3

Note 3 - Computation of Net (Loss) Income 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, 2019	Apr. 30, 2018
Net (loss) income	$ (3,234)	$ 1,397
Dividends declared	(1,374)	(1,359)
Undistributed net (loss) income	(4,608)	38
Net (loss) income per share
Dividends declared	1,374	1,359
Undistributed net (loss) income	(4,608)	38
Net (loss) income	(3,234)	1,397
Common Class A [Member]
Net (loss) income	(2,774)	1,196
Dividends declared	(1,178)	(1,164)
Undistributed net (loss) income	(3,952)	32
Net (loss) income per share
Dividends declared	1,178	1,164
Undistributed net (loss) income	(3,952)	32
Net (loss) income	$ (2,774)	$ 1,196
Weighted average shares of common stock outstanding—basic (in shares)	16,367	16,076
Weighted average potential shares of common stock (in shares)		1,750
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	16,367	17,826
Basic net (loss) income per common share (in dollars per share)	$ (0.17)	$ 0.07
Diluted net (loss) income per common share (in dollars per share)	$ (0.17)	$ 0.07
Common Class B [Member]
Net (loss) income	$ (460)	$ 201
Dividends declared	(196)	(195)
Undistributed net (loss) income	(656)	6
Net (loss) income per share
Dividends declared	196	195
Undistributed net (loss) income	(656)	6
Net (loss) income	$ (460)	$ 201
Weighted average shares of common stock outstanding—basic (in shares)	3,264	3,232
Weighted average potential shares of common stock (in shares)		182
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	3,264	3,414
Basic net (loss) income per common share (in dollars per share)	$ (0.14)	$ 0.06
Diluted net (loss) income per common share (in dollars per share)	$ (0.14)	$ 0.06

Note 3 - Computation of Net (_4

Note 3 - Computation of Net (Loss) Income Per Share - Anti-dilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Common Class A [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	2,899
Common Class B [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	278

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019	Jan. 31, 2018
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 150,990,000	$ 144,389,000	$ 139,413,000	$ 147,023,000
Interest Rate Swap [Member]
Derivative, Gain (Loss) on Derivative, Net, Total	(91,000)	$ 117,000
Reported Value Measurement [Member]
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 31,700,000		$ 31,600,000

Note 4 - Fair Value Measureme_4

Note 4 - Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Short-term investments	$ 1,200	$ 1,200
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Money market mutual funds	119,247	107,855
Short-term investments	1,200	1,200
Fair value of derivative instrument
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Money market mutual funds
Short-term investments
Fair value of derivative instrument	$ 45	$ 136

Note 4 - Fair Value Measureme_5

Note 4 - Fair Value Measurements - Fair Values of the Derivative Instrument (Details) - Fair Value, Inputs, Level 2 [Member] - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Derivative instrument:
Fair value of derivative instrument	$ 45	$ 136
Fair value of derivative instrument	45	136
Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Derivative instrument:
Fair value of derivative instrument	45
Fair value of derivative instrument	$ 45
Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]
Derivative instrument:
Fair value of derivative instrument		136
Fair value of derivative instrument		$ 136

Note 5 - Capitalized Software_3

Note 5 - Capitalized Software Costs (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Capitalized Computer Software Write-Downs	$ 0.1
Capitalized Computer Software, Amortization	$ 0.2	$ 0.1

Note 5 - Capitalized Software_4

Note 5 - Capitalized Software Costs - Capitalized Software Costs and Accumulated Amortization (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Capitalized software development costs	$ 2,486	$ 2,314
Acquired software technology	135	135
Capitalized software costs, Gross	2,621	2,449
Less accumulated amortization	(957)	(851)
Capitalized software costs, net	$ 1,664	$ 1,598

Note 5 - Capitalized Software_5

Note 5 - Capitalized Software Costs - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
2020 remaining	$ 627
2021	660
2022	317
2023	47
Thereafter	13
Total	$ 1,664	$ 1,598

Note 6 - Goodwill and Intangi_3

Note 6 - Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Beginning balance, gross	$ 28,031
Impact of foreign currency translation, gross	(90)
Ending balance, gross	27,941
Accumulated impairment	(15,608)
Impact of foreign currency translation, accumulated impairment
Accumulated impairment	(15,608)
Beginning balance, net	12,423
Impact of foreign currency translation, net	(90)
Ending balance, net	$ 12,333

Note 6 - Goodwill and Intangi_4

Note 6 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Amortizable intangible assets:
Amortizable intangible assets, gross	$ 1,335	$ 1,348
Less accumulated amortization	(181)	(115)
Net amortizable intangible assets	$ 1,154	$ 1,233

Note 6 - Goodwill and Intangi_5

Note 6 - Goodwill and Intangible Assets - Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
2020 remaining	$ 200
2021	267
2022	267
2023	267
Thereafter	153
Net amortizable intangible assets	$ 1,154	$ 1,233

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) - Rabobank N.A [Member] - USD ($)	May 30, 2012	Apr. 30, 2019
2012 Mortgage [Member] | Quad Ortega Hill LLC [Member]
Debt Instrument, Face Amount	$ 16,100,000
Debt Instrument, Periodic Payment, Total	88,100
Final Principal Payment	11,700,000
2012 Mortgage [Member] | Quad Ortega Hill LLC [Member] | Swap [Member]
Derivative Liability, Notional Amount	$ 16,100,000
Derivative, Fixed Interest Rate	4.31%
2012 Mortgage [Member] | Quad Ortega Hill LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%	2.48%
Unsecured Credit Agreement [Member]
Loans Payable to Bank, Total		$ 13,200,000

Note 7 - Debt - Summary of Debt

Note 7 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Note payable	$ 13,231	$ 13,358
Less current maturities	(487)	(487)
Less loan origination costs, net	(32)	(35)
Long-term debt	$ 12,712	$ 12,836

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) $ in Millions	3 Months Ended
	Apr. 30, 2019USD ($)
Operating Lease, Lease Income, Total	$ 0.2
Minimum [Member]
Lessee, Operating Lease, Renewal Term	1 year
Lessor, Operating Lease, Renewal Term	90 days
Maximum [Member]
Lessee, Operating Lease, Renewal Term	6 years
Lessor, Operating Lease, Renewal Term	1 year
Office Space, Equipment, and Automobiles [Member] | Minimum [Member]
Operating Lease, Remaining Term	1 year
Office Space, Equipment, and Automobiles [Member] | Maximum [Member]
Operating Lease, Remaining Term	8 years
Assets Leased to Others [Member] | Minimum [Member]
Lessor, Operating Lease, Term of Contract	90 days
Assets Leased to Others [Member] | Maximum [Member]
Lessor, Operating Lease, Term of Contract	1 year

Note 8 - Leases - Balance Sheet

Note 8 - Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019
Operating lease assets, net	$ 15,149
Operating	4,633
Operating	11,210
Total lease liabilities	$ 15,843

Note 8 - Leases - Lease Cost (D

Note 8 - Leases - Lease Cost (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Operating lease cost	$ 1,456
Variable lease cost	372
Short-term lease cost	74
Net lease cost	$ 1,902

Note 8 - Leases - Lease Term an

Note 8 - Leases - Lease Term and Discount Rate (Details)	Apr. 30, 2019
Operating leases (Year)	4 years 146 days
Operating leases	5.98%

Note 8 - Leases - Supplemental

Note 8 - Leases - Supplemental Cash Flow Information (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Operating cash flows related to operating leases	$ (1,584)
Leased assets obtained in exchange for new operating lease liabilities	$ 3,425

Note 8 - Leases - Maturities of

Note 8 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Apr. 30, 2019USD ($)
Within 1 year	$ 5,600
2 years	4,400
3 years	2,600
4 years	1,800
5 years	1,500
Thereafter	2,500
Total lease payments	18,400
Less: Imputed interest	(2,400)
Present value of lease liabilities	$ 15,843

Note 8 - Leases - Future Minimu

Note 8 - Leases - Future Minimum Lease Payments (Details) $ in Millions	Jan. 31, 2019USD ($)
2020	$ 5.6
2021	4.6
2022	2.8
2023	1.8
2024	1.5
Thereafter	2.8
Total	$ 19.1

Note 9 - Accumulated Other Co_3

Note 9 - Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Balance	$ (7,661)
Balance	(7,924)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(7,661)
Other comprehensive loss before reclassifications	(263)
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive loss	(263)
Balance	$ (7,924)

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Income Tax Expense (Benefit), Total	$ 715	$ 1,183
Effective Income Tax Rate Reconciliation, Percent, Total	28.00%	46.00%
Unrecognized Tax Benefits, Ending Balance	$ 1,300
Unrecognized Tax Benefits, Period Increase (Decrease), Total	1,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	100
Deferred Tax Assets, Valuation Allowance, Total	$ 35,600		$ 34,900
Foreign Tax Authority [Member] | Ministry of Finance, India [Member]
Income Tax Examination, Year under Examination	2010 2013 2014
Foreign Tax Authority [Member] | Federal Ministry of Finance, Germany [Member]
Income Tax Examination, Year under Examination	2015 2016 2017
Foreign Tax Authority [Member] | Swiss Federal Tax Administration (FTA) [Member]
Income Tax Examination, Year under Examination	2014 2015 2016 2017 2018
Foreign Tax Authority [Member] | Tax and Customs Administration, Netherlands [Member]
Income Tax Examination, Year under Examination	2016

Note 11 - Stockholders' Equit_2

Note 11 - Stockholders' Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Record Date	Apr. 23, 2019
Payable	May 3, 2019
Amount	$ 1,374	$ 1,359
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 12 - Stock-based Compens_3

Note 12 - Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Common Class A [Member] | Karl Lopker [Member]
Number of Vested Stock Appreciation Rights Owned by Deceased Individual, Exercisable by Estate	877,500
Common Class B [Member] | Karl Lopker [Member]
Number of Vested Stock Appreciation Rights Owned by Deceased Individual, Exercisable by Estate	127,500
Common Class A and B [Member] | Karl Lopker [Member] | Minimum [Member]
Vested Stock Appreciation Rights Owned by Deceased Individual, Exercisable by Estate, Exercise Price	$ 10.50
Common Class A and B [Member] | Karl Lopker [Member] | Maximum [Member]
Vested Stock Appreciation Rights Owned by Deceased Individual, Exercisable by Estate, Exercise Price	$ 31.65
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	4,000	4,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 200,000	$ 200,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 16,700,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 255 days
Stock Appreciation Rights (SARs) [Member]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	1,000	93,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 57,000	$ 3,900,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3,800,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 200,000

Note 12 - Stock-based Compens_4

Note 12 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cost of subscription	$ 2,304	$ 2,106
Cost of Subscription [Member]
Cost of subscription	70	49
Cost of Maintenance and Other Revenue [Member]
Cost of subscription	121	92
Cost of Professional Services [Member]
Cost of subscription	322	226
Selling and Marketing Expense [Member]
Cost of subscription	380	402
Research and Development Expense [Member]
Cost of subscription	427	315
General and Administrative Expense [Member]
Cost of subscription	$ 984	$ 1,022

Note 12 - Stock-based Compens_5

Note 12 - Stock-based Compensation - RSUs Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	3 Months Ended
	Apr. 30, 2019$ / sharesshares
Outstanding (in shares) | shares	663
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 36.64
Granted (in shares) | shares	1
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 41.49
Released (in shares) | shares	(11)	[1]
Released, weighted average grant date fair value (in dollars per share) | $ / shares	$ 26.31	[1]
Forfeited (in shares) | shares	(16)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 36.79
Outstanding (in shares) | shares	637
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 36.83
[1]	The number of RSUs released includes shares withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.

Note 12 - Stock-based Compens_6

Note 12 - Stock-based Compensation - Options/SARs Activity (Details) - Options/SARs [Member] $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)$ / sharesshares
Outstanding (in shares) | shares	2,533
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 20.81
Granted (in shares) | shares
Granted, weighted average exercise price (in dollars per share) | $ / shares
Exercised (in shares) | shares	(5)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 10.78
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	2,528
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 20.83
Outstanding, weighed average remaining contractual term (Year)	3 years 109 days
Outstanding, aggregate intrinsic value | $	$ 63,211
Vested and exercisable (in shares) | shares	2,053	[1]
Vested and exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 17.06
Vested and exercisable, weighed average remaining contractual term (Year)	2 years 219 days
Vested and exercisable, aggregate intrinsic value | $	$ 57,650
[1]	The number of SARs vested and exercisable at April 30, 2019 includes 877,500 Class A and 127,500 Class B shares previously held by Mr. Karl Lopker which will expire on August 25, 2019 if not exercised by his estate. Exercise prices for these SARs range from $10.50 to $31.65.

Note 14 - Business Segment In_3

Note 14 - Business Segment Information (Details Textual)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Number of Geographic Locations	4
Number of Operating Segments	1
Geographic Concentration Risk [Member] | North America Revenue [Member] | CANADA
Concentration Risk, Percentage	3.00%	2.00%

Note 14 - Business Segment In_4

Note 14 - Business Segment Information - Revenue by Region (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018
Revenues		$ 78,035	$ 86,190
North America [Member]
Revenues		22,509	25,087
EMEA [Member]
Revenues		11,886	12,559
Asia Pacific [Member]
Revenues		5,981	8,519
Latin America [Member]
Revenues		78,035	86,190
Reportable Geographical Components [Member] | North America [Member]
Revenues	[1]	37,659	40,025
Reportable Geographical Components [Member] | EMEA [Member]
Revenues		22,509	25,087
Reportable Geographical Components [Member] | Asia Pacific [Member]
Revenues		11,886	12,559
Reportable Geographical Components [Member] | Latin America [Member]
Revenues		$ 5,981	$ 8,519
[1]	Sales into Canada accounted for 3% and 2% of North America total revenue in the three months ended April 30, 2019 and 2018, respectively.