Qad (QADA) 10-Q 8 Jun 20 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Apr. 30, 2020	May 31, 2020
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
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Apr. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		17,114,769
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,321,002

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Assets
Cash and equivalents	$ 140,154	$ 136,717
Accounts receivable, net of allowances of $3,685 and $2,940 at April 30, 2020 and January 31, 2020, respectively	46,572	80,968
Prepaid expenses and other current assets, net	23,490	24,952
Total current assets	210,216	242,637
Property and equipment, net of accumulated depreciation and amortization of $39,764 and $38,861 at April 30, 2020 and January 31, 2020, respectively	28,249	28,687
Lease right-of-use assets	16,760	18,329
Capitalized software costs, net	1,912	1,922
Goodwill	12,056	12,388
Deferred tax assets, net	5,838	5,834
Other assets, net	11,928	13,007
Total assets	286,959	322,804
Liabilities and Stockholders’ Equity
Current portion of long-term debt	510	503
Lease liabilities	4,107	4,371
Accounts payable	6,345	9,840
Deferred revenue	102,302	118,413
Other current liabilities	26,111	39,900
Total current liabilities	139,375	173,027
Long-term debt	12,213	12,341
Long-term lease liabilities	13,404	14,612
Other liabilities	8,096	6,759
Total liabilities	173,088	206,739
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; none issued or outstanding
Additional paid-in capital	200,126	197,824
Treasury stock, at cost 216,378 Class B shares at both April 30, 2020 and January 31, 2020	(3,226)	(3,226)
Accumulated deficit	(72,050)	(70,209)
Accumulated other comprehensive loss	(11,000)	(8,345)
Total stockholders’ equity	113,871	116,065
Total liabilities and stockholders’ equity	286,959	322,804
Common Class A [Member]
Stockholders’ equity:
Common stock	17	17
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, 2020	Jan. 31, 2020
Accounts receivable, net of allowance	$ 3,685	$ 2,940
Accumulated depreciation and amortization	$ 39,764	$ 38,861
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
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)	17,113,282	17,108,846
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, shares (in shares)	216,378	216,378

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Revenue:
Revenues	$ 74,147	$ 78,035
Costs of revenue:
Costs of revenues	32,425	36,934
Gross profit	41,722	41,101
Operating expenses:
Sales and marketing	18,557	20,891
Research and development	14,017	13,987
General and administrative	10,017	9,418
Amortization of intangibles from acquisitions	64	67
Total operating expenses	42,655	44,363
Operating loss	(933)	(3,262)
Other (income) expense:
Interest income	(436)	(724)
Interest expense	150	153
Other (income), net	(1,232)	(172)
Total other (income), net	(1,518)	(743)
Income (loss) before income taxes	585	(2,519)
Income tax expense	995	715
Net loss	(410)	(3,234)
Diluted net loss per share
Net loss	(410)	(3,234)
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(2,655)	(263)
Total comprehensive loss	(3,065)	(3,497)
Common Class A [Member]
Other (income) expense:
Net loss	$ (353)	$ (2,774)
Basic net loss per share
Basic net (loss) income per share (in dollars per share)	$ (0.02)	$ (0.17)
Diluted net loss per share
Diluted net (loss) income per share (in dollars per share)	$ (0.02)	$ (0.17)
Net loss	$ (353)	$ (2,774)
Common Class B [Member]
Other (income) expense:
Net loss	$ (57)	$ (460)
Basic net loss per share
Basic net (loss) income per share (in dollars per share)	$ (0.02)	$ (0.14)
Diluted net loss per share
Diluted net (loss) income per share (in dollars per share)	$ (0.02)	$ (0.14)
Net loss	$ (57)	$ (460)
Subscription and Circulation [Member]
Revenue:
Revenues	30,771	25,306
Costs of revenue:
Costs of revenues	10,348	9,417
License [Member]
Revenue:
Revenues	1,221	4,466
Costs of revenue:
Costs of revenues	401	591
Maintenance [Member]
Revenue:
Revenues	26,408	29,899
Costs of revenue:
Costs of revenues	6,744	7,603
Professional Services [Member]
Revenue:
Revenues	15,747	18,364
Costs of revenue:
Costs of revenues	$ 14,932	$ 19,323

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]Common Class A [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]Common Class B [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	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, 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												(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)
Balance at Apr. 30, 2019					$ (173)		$ (173)	$ 16	$ 4	$ (7,222)	198,664	(53,266)	(7,924)			130,272
Balance (in shares) at Apr. 30, 2019								16,605	3,537	(505)
Balance (in shares) at Jan. 31, 2020								17,109	3,537	(216)
Balance at Jan. 31, 2020								$ 17	$ 4	$ (3,226)	197,824	(70,209)	(8,345)			116,065
Net loss												(410)		$ (353)	$ (57)	(410)
Foreign currency translation adjustments													(2,655)			(2,655)
Stock award exercises (in shares)
Stock award exercises											(11)					(11)
Stock compensation expense											2,405					2,405
Dividends declared ($0.072 and $0.06 per Class A and Class B share, respectively)												(1,431)				(1,431)
Restricted stock (in shares)								4
Restricted stock											(92)					(92)
Balance at Apr. 30, 2020								$ 17	$ 4	$ (3,226)	$ 200,126	$ (72,050)	$ (11,000)			$ 113,871
Balance (in shares) at Apr. 30, 2020								17,113	3,537	(216)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
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, 2020	Apr. 30, 2019
Cash flows from operating activities:
Net loss	$ (410)	$ (3,234)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,652	1,493
Amortization of costs capitalized to obtain and fulfill contracts	1,175	1,073
Amortization of right-of-use assets	1,457	1,456
Net change in valuation allowance	518	809
Other deferred income taxes	(70)	37
Provision for (recovery of) doubtful accounts and sales adjustments	939	(67)
Stock compensation expense	2,405	2,304
Change in fair value of derivative instrument	251	91
Other, net	70	64
Changes in assets and liabilities:
Accounts receivable	32,458	32,033
Costs capitalized to obtain and fulfill contracts	(899)	(927)
Lease liabilities	(1,342)	(1,584)
Prepaid expenses and other assets	1,279	(1,753)
Accounts payable	(3,157)	(1,378)
Deferred revenue	(13,381)	(9,426)
Other liabilities	(12,033)	(6,796)
Net cash provided by operating activities	10,912	14,195
Cash flows from investing activities:
Purchase of property and equipment	(1,017)	(1,036)
Capitalized software costs	(272)	(264)
Net cash used in investing activities	(1,289)	(1,300)
Cash flows from financing activities:
Repayments of debt	(149)	(122)
Dividends paid	(1,431)
Tax payments related to stock awards	(103)	(235)
Net cash used in financing activities	(1,683)	(357)
Effect of exchange rates on cash and equivalents	(4,503)	(961)
Net increase in cash and equivalents	3,437	11,577
Cash and equivalents at beginning of period	136,717	139,413
Cash and equivalents at end of period	140,154	150,990
Supplemental disclosure of non-cash activities
Obligations associated with dividend declaration		1,374
Supplemental disclosure of cash flow information:
Interest	144	149
Income taxes, net of refunds	$ 758	$ 791

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2020
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, 2020. three April 30, 2020 not January 31, 2021. The Company’s accounting policies are set forth in detail in Note 1 10 January 31, 2020 no 2016 13, Financial Instruments-Credit Losses. Recent Accounting Pronouncements Except as discussed below, there have been no three April 30, 2020, Recent Accounting Pronouncements Adopted In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2” February 1, 2020, first 2021. not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 February 1, 2020, first 2021, not In August 2018, 2018 15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350 40 350 40, February 1, 2020, first 2021. not Recent Accounting Pronouncements Not In December 2019, 740 740. December 15, 2020. not

Note 2 - Revenue

Note 2 - Revenue	3 Months Ended
	Apr. 30, 2020
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. In instances where SSP is not not may first 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 24 60 30 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, 2020 2019 (in thousands) North America $ 37,002 $ 37,659 EMEA 22,568 22,509 Asia Pacific 9,642 11,886 Latin America 4,935 5,981 Total revenue $ 74,147 $ 78,035 The Company’s revenue by industry is as follows: Three Months Ended April 30, 2020 2019 (in thousands) Automotive $ 24,137 $ 29,072 Consumer products and food and beverage 11,814 11,978 High technology and industrial products 26,824 25,548 Life sciences and other 11,372 11,437 Total revenue $ 74,147 $ 78,035 The decrease in revenue by industry for automotive in the first 2021 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 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, 2020 January 31, 2020. The Company’s contract balances are as follows: April 30, 2020 January 31, 2020 (in thousands) Contract assets, short-term (in Prepaid expenses and other current assets, net) $ 1,952 $ 1,595 Contract assets, long-term (in Other assets, net) 164 214 Total contract assets $ 2,116 $ 1,809 Deferred revenue, short-term $ 102,302 $ 118,413 Deferred revenue, long-term (in Other liabilities) 2,846 2,811 Total deferred revenue $ 105,148 $ 121,224 During the three April 30, 2020, $52.1 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 $270.5 April 30, 2020, $159.9 12 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, 2020 January 31, 2020 (in thousands) Deferred maintenance $ 58,416 $ 69,650 Deferred subscription 41,266 45,702 Deferred professional services 2,483 2,705 Deferred license and other revenue 137 356 Deferred revenues, current 102,302 118,413 Deferred revenues, non-current (in Other liabilities) 2,846 2,811 Total deferred revenues $ 105,148 $ 121,224 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 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, 2020 January 31, 2020, $12.0 $12.3 three April 30, 2020 2019, $1.0 $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 prepaid expenses and other current assets, net and other assets, net in the Company’s Condensed Consolidated Balance Sheets. At April 30, 2020 January 31, 2020 $1.4 $1.4 five three April 30, 2020 2019, $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, 2020 2019.

Note 3 - Computation of Net Los

Note 3 - Computation of Net Loss Per Share	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	3. 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, 2020 2019 (in thousands except per share data) Net loss $ (410 ) $ (3,234 ) Less: Dividends declared (1,431 ) (1,374 ) Undistributed net loss $ (1,841 ) $ (4,608 ) Net loss per share – Class A Common Stock Dividends declared $ 1,232 $ 1,178 Allocation of undistributed net loss (1,585 ) (3,952 ) Net loss attributable to Class A common stock $ (353 ) $ (2,774 ) Weighted average shares of Class A common stock outstanding— basic 17,112 16,367 Weighted average potential shares of Class A common stock — — Weighted average shares of Class A common stock and potential common shares outstanding— diluted 17,112 16,367 Basic net loss per Class A common share $ (0.02 ) $ (0.17 ) Diluted net loss per Class A common share $ (0.02 ) $ (0.17 ) Net loss per share – Class B Common Stock Dividends declared $ 199 $ 196 Allocation of undistributed net loss (256 ) (656 ) Net loss attributable to Class B common stock $ (57 ) $ (460 ) Weighted average shares of Class B common stock outstanding— basic 3,321 3,264 Weighted average potential shares of Class B common stock — — Weighted average shares of Class B common stock and potential common shares outstanding— diluted 3,321 3,264 Basic net loss per Class B common share $ (0.02 ) $ (0.14 ) Diluted net loss per Class B common share $ (0.02 ) $ (0.14 ) Potential common shares consist of the shares issuable upon the release of restricted stock units (RSUs) and performance stock units (PSUs) and the exercise of stock appreciation rights (SARs). The Company’s unvested RSUs and PSUs, and unexercised SARs are not not The following table sets forth the number of potential common shares not Three Months Ended April 30, 2020 2019 (in thousands) Class A 1,845 2,899 Class B 150 278

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	3 Months Ended
	Apr. 30, 2020
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 and liability, measured at fair value, as of April 30, 2020 January 31, 2020: Fair value measurement at reporting date using Quoted Prices Significant Significant (in thousands) As of April 30, 2020 Money market mutual funds $ 112,299 Certificates of deposit $ 10,114 Liability related to the interest rate swap $ (483 ) As of January 31, 2020 Money market mutual funds $ 107,319 Certificates of deposit $ 14,917 Liability related to the interest rate swap $ (232 ) Money market mutual funds and certificates of deposit 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 $17.7 $14.5 April 30, 2020 January 31, 2020, 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, 2020. 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, 2020 January 31, 2020 Liability Fair Value Balance Sheet April 30, January 31, Derivative instrument: Interest rate swap Other liabilities $ (483 ) $ (232 ) Total $ (483 ) $ (232 ) The change in fair value of the interest rate swap recognized in the Condensed Consolidated Statement of Operations and Comprehensive Loss for the three April 30, 2020 2019 251,000 91,000

Note 5 - Capitalized Software C

Note 5 - Capitalized Software Costs	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Capitalized Software Costs [Text Block]	5. CAPITALIZED SOFTWARE COSTS Capitalized software costs and accumulated amortization at April 30, 2020 January 31, 2020 April 30, 20 20 January 31, 20 20 (in thousands) Capitalized software costs: Capitalized software development costs $ 3,496 $ 3,356 Acquired software technology 135 135 3,631 3,491 Less accumulated amortization (1,719 ) (1,569 ) Capitalized software costs, net $ 1,912 $ 1,922 The Company’s capitalized software development costs relate to translations and localizations of QAD Adaptive Applications. Acquired software technology costs relate to intellectual property 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 2021, $0.1 first 2021. Amortization of capitalized software costs was $0.3 $0.2 three April 30, 2020 2019, The following table summarizes the estimated amortization expense relating to the Company’s capitalized software costs as of April 30, 2020: Fiscal Years (in thousands) 2021 remaining $ 773 2022 734 2023 370 2024 35 Thereafter - $ 1,912

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2020
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, 2020 Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 2020 $ 27,996 $ (15,608 ) $ 12,388 Impact of foreign currency translation (332 ) - (332 ) Balance at April 30, 2020 $ 27,664 $ (15,608 ) $ 12,056 The Company performed its annual goodwill impairment review during the fourth 2020. November 30, 2019. no 2020. 19, first not Intangible Assets April 30, 20 20 January 31, 20 20 (in thousands) Amortizable intangible assets: Customer relationships $ 1,252 $ 1,379 Less accumulated amortization (420 ) (394 ) Amortizable intangible assets, net $ 832 $ 985 The Company’s intangible assets are related to the acquisitions completed in the second third 2019. five Amortization of intangible assets from acquisitions was $0.1 three April 30, 2020 2019. April 30, 2020: Fiscal Years (in thousands) 2021 remaining $ 188 2022 251 2023 251 2024 142 Thereafter - $ 832

Note 7 - Debt

Note 7 - Debt	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	7. DEBT April 30, 2020 January 31, 2020 (in thousands) Note payable $ 12,745 $ 12,868 Less current maturities (510 ) (503 ) Less loan origination costs, net (22 ) (24 ) Long-term debt $ 12,213 $ 12,341 Effective May 30, 2012, “2012 2012 $16.1 one 2.25%. 0.70% April 30, 2020. 2012 June 2022 2012 $16.1 4.31% 2012 2012 $88,100 one $11.7 April 30, 2020 $12.7

Note 8 - Accumulated Other Comp

Note 8 - Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Accumulated Other Comprehensive Income (Loss) [Text Block]	8 . 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, 2020 $ (8,345 ) Other comprehensive loss before reclassifications (2,655 ) Amounts reclassified from accumulated other comprehensive loss - Net current period other comprehensive loss (2,655 ) Balance as of April 30, 2020 $ (11,000 ) During the three April 30, 2020 no

Note 9 - Income Taxes

Note 9 - Income Taxes	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	9 . INCOME TAXES In determining the quarterly provision for income taxes, the Company calculated income tax expense based on actual quarterly results in the first 2021 2020, 2021 2020 The Company recorded income tax expense of $1.0 $0.7 first three 2021 2020, 170% 28% first 2021 2020, $0.6 first 2021 2020. On March 27, 2020, 19 19 first 2021, not 19 may When calculating QAD’s income tax expense for the first three 2021, June 14, 2019 first 2021, 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”). At April 30, 2020 2019, $1.2 $1.3 first three 2021 2020 $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, 2020 2019, $0.1 The Company reviews its net deferred tax assets by entity at each balance sheet date to determine whether a valuation allowance is necessary based on the more-likely-than- not first 2021 A valuation allowance has been established for select foreign jurisdictions along with U.S. federal and state deferred tax assets. The following table discloses the Company’s valuation allowance by entity (in millions): Jurisdiction April 30, 2020 January 31, 2020 U.S. federal and state $ 30.9 $ 30.3 Ireland 11.0 11.6 Brazil 6.3 5.7 Germany 2.5 2.6 Hong Kong 0.6 0.6 South Africa 0.1 0.2 Total valuation allowance $ 51.4 $ 51.0 At April 30, 2020 January 31, 2020, $51.4 $51.0 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 2018 ● Germany for fiscal years ended January 31, 2015, 2016 2017 ● Thailand for fiscal year ended January 31, 2018

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 0 . STOCKHOLDERS’ EQUITY Dividends The following table sets forth the dividends that were declared by the Company during the first three 2021: Declaration Date Record Date Payable Dividend Class A Dividend Class B Amount (in thousands) 4/7/2020 4/22/2020 4/29/2020 $ 0.072 $ 0.06 $ 1,431

Note 11 - Stock-based Compensat

Note 11 - Stock-based Compensation	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	1 1 . STOCK-BASED COMPENSATION The Company’s equity awards consist of RSUs, PSUs and SARs. For a description of the Company’s stock-based compensation plans, see Note 6 10 January 31, 2020. Stock-Based Compensation The following table sets forth reported stock-based compensation expense for the three April 30, 2020 2019: Three Months Ended April 30, 20 20 20 19 (in thousands) Cost of subscription $ 107 $ 70 Cost of maintenance 109 121 Cost of professional services 337 322 Sales and marketing 508 380 Research and development 451 427 General and administrative 893 984 Total stock-based compensation expense $ 2,405 $ 2,304 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, 2020: RSUs (in thousands) Weighted Average Grant Date Fair Value Restricted stock at January 31, 2020 627 $ 39.86 Granted 11 39.92 Released (1) (6 ) 28.17 Forfeited (5 ) 38.92 Restricted stock at April 30, 2020 627 $ 39.98 ( 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, 2020, 2,000 $93,000. Total unrecognized compensation cost related to RSUs was approximately $17.8 April 30, 2020. 2.5 PSU Information The estimated fair value of PSUs 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 vesting is subject to attainment of specified performance criteria. Each fiscal quarter, QAD estimates the probability of the achievement of the performance goal and recognizes any related stock-based compensation expense using the graded-vesting method. The amount of stock-based compensation expense recognized in any one not no Stock-based compensation expense related to performance stock units for the first 2021 90,000 not second third 2020 $0.3 The following table summarizes the activity for PSUs for the three April, 2020: PSUs (in thousands) Weighted Performance stock units at January 31, 2020 90 $ 39.82 Granted - - Released - - Forfeited - - Performance stock units at April 30, 2020 90 $ 39.82 Total unrecognized compensation cost related to PSUs was approximately $0.1 April 30, 2020. 0.2 SAR Information The following table summarizes the activity for outstanding SARs for the three April 30, 2020: SARs (in thousands) Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (in thousands) Outstanding at January 31, 2020 1,349 $ 24.86 Granted - - Exercised (1 ) 12.14 Expired - - Forfeited - - Outstanding at April 30, 2020 1,348 $ 24.87 3.1 $ 23,883 Vested and exercisable at April 30, 2020 1,063 $ 20.71 2.5 $ 21,833 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, 2020, April 30, 2020. three April 30, 2020 $28,000. The number of SARs exercised includes shares withheld on behalf of employees to satisfy minimum statutory tax withholding requirements. During the three April 30, 2020, 200 $11,000. At April 30, 2020, $2.2 1.9

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 2 . 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 13 - Business Segment Info

Note 13 - Business Segment Information	3 Months Ended
	Apr. 30, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 3 . 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, 2020 2019 (in thousands) Revenue: North America (1) $ 37,002 $ 37,659 EMEA 22,568 22,509 Asia Pacific 9,642 11,886 Latin America 4,935 5,981 $ 74,147 $ 78,035 ( 1 Sales into Canada accounted for 2% 3% three April 30, 2020 2019,

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2020
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, 2020. three April 30, 2020 not January 31, 2021. The Company’s accounting policies are set forth in detail in Note 1 10 January 31, 2020 no 2016 13, Financial Instruments-Credit Losses.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Except as discussed below, there have been no three April 30, 2020, Recent Accounting Pronouncements Adopted In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2” February 1, 2020, first 2021. not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 February 1, 2020, first 2021, not In August 2018, 2018 15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350 40 350 40, February 1, 2020, first 2021. not Recent Accounting Pronouncements Not In December 2019, 740 740. December 15, 2020. not

Note 2 - Revenue (Tables)

Note 2 - Revenue (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended April 30, 2020 2019 (in thousands) North America $ 37,002 $ 37,659 EMEA 22,568 22,509 Asia Pacific 9,642 11,886 Latin America 4,935 5,981 Total revenue $ 74,147 $ 78,035 Three Months Ended April 30, 2020 2019 (in thousands) Automotive $ 24,137 $ 29,072 Consumer products and food and beverage 11,814 11,978 High technology and industrial products 26,824 25,548 Life sciences and other 11,372 11,437 Total revenue $ 74,147 $ 78,035
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	April 30, 2020 January 31, 2020 (in thousands) Contract assets, short-term (in Prepaid expenses and other current assets, net) $ 1,952 $ 1,595 Contract assets, long-term (in Other assets, net) 164 214 Total contract assets $ 2,116 $ 1,809 Deferred revenue, short-term $ 102,302 $ 118,413 Deferred revenue, long-term (in Other liabilities) 2,846 2,811 Total deferred revenue $ 105,148 $ 121,224 April 30, 2020 January 31, 2020 (in thousands) Deferred maintenance $ 58,416 $ 69,650 Deferred subscription 41,266 45,702 Deferred professional services 2,483 2,705 Deferred license and other revenue 137 356 Deferred revenues, current 102,302 118,413 Deferred revenues, non-current (in Other liabilities) 2,846 2,811 Total deferred revenues $ 105,148 $ 121,224

Note 3 - Computation of Net L_2

Note 3 - Computation of Net Loss Per Share (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended April 30, 2020 2019 (in thousands except per share data) Net loss $ (410 ) $ (3,234 ) Less: Dividends declared (1,431 ) (1,374 ) Undistributed net loss $ (1,841 ) $ (4,608 ) Net loss per share – Class A Common Stock Dividends declared $ 1,232 $ 1,178 Allocation of undistributed net loss (1,585 ) (3,952 ) Net loss attributable to Class A common stock $ (353 ) $ (2,774 ) Weighted average shares of Class A common stock outstanding— basic 17,112 16,367 Weighted average potential shares of Class A common stock — — Weighted average shares of Class A common stock and potential common shares outstanding— diluted 17,112 16,367 Basic net loss per Class A common share $ (0.02 ) $ (0.17 ) Diluted net loss per Class A common share $ (0.02 ) $ (0.17 ) Net loss per share – Class B Common Stock Dividends declared $ 199 $ 196 Allocation of undistributed net loss (256 ) (656 ) Net loss attributable to Class B common stock $ (57 ) $ (460 ) Weighted average shares of Class B common stock outstanding— basic 3,321 3,264 Weighted average potential shares of Class B common stock — — Weighted average shares of Class B common stock and potential common shares outstanding— diluted 3,321 3,264 Basic net loss per Class B common share $ (0.02 ) $ (0.14 ) Diluted net loss per Class B common share $ (0.02 ) $ (0.14 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended April 30, 2020 2019 (in thousands) Class A 1,845 2,899 Class B 150 278

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using Quoted Prices Significant Significant (in thousands) As of April 30, 2020 Money market mutual funds $ 112,299 Certificates of deposit $ 10,114 Liability related to the interest rate swap $ (483 ) As of January 31, 2020 Money market mutual funds $ 107,319 Certificates of deposit $ 14,917 Liability related to the interest rate swap $ (232 )
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Liability Fair Value Balance Sheet April 30, January 31, Derivative instrument: Interest rate swap Other liabilities $ (483 ) $ (232 ) Total $ (483 ) $ (232 )

Note 5 - Capitalized Software_2

Note 5 - Capitalized Software Costs (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Capitalized Software Costs [Table Text Block]	April 30, 20 20 January 31, 20 20 (in thousands) Capitalized software costs: Capitalized software development costs $ 3,496 $ 3,356 Acquired software technology 135 135 3,631 3,491 Less accumulated amortization (1,719 ) (1,569 ) Capitalized software costs, net $ 1,912 $ 1,922
Schedule of Capitalized Software Costs Amortization Expense [Table Text Block]	Fiscal Years (in thousands) 2021 remaining $ 773 2022 734 2023 370 2024 35 Thereafter - $ 1,912

Note 6 - Goodwill and Intangi_2

Note 6 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	Gross Carrying Amount Accumulated Impairment Goodwill, Net (in thousands) Balance at January 31, 2020 $ 27,996 $ (15,608 ) $ 12,388 Impact of foreign currency translation (332 ) - (332 ) Balance at April 30, 2020 $ 27,664 $ (15,608 ) $ 12,056
Schedule of Finite-Lived Intangible Assets [Table Text Block]	April 30, 20 20 January 31, 20 20 (in thousands) Amortizable intangible assets: Customer relationships $ 1,252 $ 1,379 Less accumulated amortization (420 ) (394 ) Amortizable intangible assets, net $ 832 $ 985
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Years (in thousands) 2021 remaining $ 188 2022 251 2023 251 2024 142 Thereafter - $ 832

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Debt [Table Text Block]	April 30, 2020 January 31, 2020 (in thousands) Note payable $ 12,745 $ 12,868 Less current maturities (510 ) (503 ) Less loan origination costs, net (22 ) (24 ) Long-term debt $ 12,213 $ 12,341

Note 8 - Accumulated Other Co_2

Note 8 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments (in thousands) Balance as of January 31, 2020 $ (8,345 ) Other comprehensive loss before reclassifications (2,655 ) Amounts reclassified from accumulated other comprehensive loss - Net current period other comprehensive loss (2,655 ) Balance as of April 30, 2020 $ (11,000 )

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Jurisdiction April 30, 2020 January 31, 2020 U.S. federal and state $ 30.9 $ 30.3 Ireland 11.0 11.6 Brazil 6.3 5.7 Germany 2.5 2.6 Hong Kong 0.6 0.6 South Africa 0.1 0.2 Total valuation allowance $ 51.4 $ 51.0

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Dividends Declared [Table Text Block]	Declaration Date Record Date Payable Dividend Class A Dividend Class B Amount (in thousands) 4/7/2020 4/22/2020 4/29/2020 $ 0.072 $ 0.06 $ 1,431

Note 11 - Stock-based Compens_2

Note 11 - Stock-based Compensation (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended April 30, 20 20 20 19 (in thousands) Cost of subscription $ 107 $ 70 Cost of maintenance 109 121 Cost of professional services 337 322 Sales and marketing 508 380 Research and development 451 427 General and administrative 893 984 Total stock-based compensation expense $ 2,405 $ 2,304
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	RSUs (in thousands) Weighted Average Grant Date Fair Value Restricted stock at January 31, 2020 627 $ 39.86 Granted 11 39.92 Released (1) (6 ) 28.17 Forfeited (5 ) 38.92 Restricted stock at April 30, 2020 627 $ 39.98
Share-based Payment Arrangement, Performance Shares, Activity [Table Text Block]	PSUs (in thousands) Weighted Performance stock units at January 31, 2020 90 $ 39.82 Granted - - Released - - Forfeited - - Performance stock units at April 30, 2020 90 $ 39.82
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, 2020 1,349 $ 24.86 Granted - - Exercised (1 ) 12.14 Expired - - Forfeited - - Outstanding at April 30, 2020 1,348 $ 24.87 3.1 $ 23,883 Vested and exercisable at April 30, 2020 1,063 $ 20.71 2.5 $ 21,833

Note 13 - Business Segment In_2

Note 13 - Business Segment Information (Tables)	3 Months Ended
	Apr. 30, 2020
Notes Tables
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended April 30, 2020 2019 (in thousands) Revenue: North America (1) $ 37,002 $ 37,659 EMEA 22,568 22,509 Asia Pacific 9,642 11,886 Latin America 4,935 5,981 $ 74,147 $ 78,035

Note 2 - Revenue 1 (Details Tex

Note 2 - Revenue 1 (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Contract with Customer, Liability, Revenue Recognized	$ 52,100
Revenue, Remaining Performance Obligation, Amount	270,500
Capitalized Contract Cost, Amortization	1,175	$ 1,073
Capitalized Contract Cost, Impairment Loss	$ 0	0
Direct Costs of Obtaining Contract [Member]
Capitalized Contract Cost, Amortization Period (Year)	5 years
Capitalized Contract Cost, Net, Total	$ 12,000		$ 12,300
Direct Costs of Obtaining Contract [Member] | Selling and Marketing Expense [Member]
Capitalized Contract Cost, Amortization	$ 1,000	900
Costs to Fulfill Contract [Member]
Capitalized Contract Cost, Amortization Period (Year)	5 years
Capitalized Contract Cost, Net, Total	$ 1,400		$ 1,400
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, 2020USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 270,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-05-01
Revenue, Remaining Performance Obligation, Amount	$ 159,900
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	1 year

Note 2 - Revenue - Disaggregati

Note 2 - Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Revenues	$ 74,147	$ 78,035
Automotive [Member]
Revenues	24,137	29,072
Consumer Products and Food and Beverage [Member]
Revenues	11,814	11,978
High Technology and Industrial Products [Member]
Revenues	26,824	25,548
Life Sciences and Other [Member]
Revenues	11,372	11,437
North America [Member]
Revenues	37,002	37,659
EMEA [Member]
Revenues	22,568	22,509
Asia Pacific [Member]
Revenues	9,642	11,886
Latin America [Member]
Revenues	$ 4,935	$ 5,981

Note 2 - Revenue - Contract Bal

Note 2 - Revenue - Contract Balances (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Contract assets, short-term (in Prepaid expenses and other current assets, net)	$ 1,952	$ 1,595
Contract assets, long-term (in Other assets, net)	164	214
Total contract assets	2,116	1,809
Deferred revenue, short-term	102,302	118,413
Deferred revenue, long-term (in Other liabilities)	2,846	2,811
Total deferred revenue	105,148	121,224
Maintenance [Member]
Deferred revenue, short-term	58,416	69,650
Subscription and Circulation [Member]
Deferred revenue, short-term	41,266	45,702
Professional Services [Member]
Deferred revenue, short-term	2,483	2,705
License and Other [Member]
Deferred revenue, short-term	$ 137	$ 356

Note 3 - Computation of Net L_3

Note 3 - 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, 2020	Apr. 30, 2019
Net loss	$ (410)	$ (3,234)
Dividends declared	(1,431)	(1,374)
Undistributed net loss	(1,841)	(4,608)
Net loss per share
Dividends declared	1,431	1,374
Undistributed net loss	(1,841)	(4,608)
Net loss	(410)	(3,234)
Common Class A [Member]
Net loss	(353)	(2,774)
Dividends declared	(1,232)	(1,178)
Undistributed net loss	(1,585)	(3,952)
Net loss per share
Dividends declared	1,232	1,178
Undistributed net loss	(1,585)	(3,952)
Net loss	$ (353)	$ (2,774)
Weighted average shares of common stock outstanding—basic (in shares)	17,112	16,367
Weighted average potential shares of common stock (in shares)
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	17,112	16,367
Basic net loss per common share (in dollars per share)	$ (0.02)	$ (0.17)
Diluted net loss per common share (in dollars per share)	$ (0.02)	$ (0.17)
Common Class B [Member]
Net loss	$ (57)	$ (460)
Dividends declared	(199)	(196)
Undistributed net loss	(256)	(656)
Net loss per share
Dividends declared	199	196
Undistributed net loss	(256)	(656)
Net loss	$ (57)	$ (460)
Weighted average shares of common stock outstanding—basic (in shares)	3,321	3,264
Weighted average potential shares of common stock (in shares)
Weighted average shares of common stock and potential common shares outstanding—diluted (in shares)	3,321	3,264
Basic net loss per common share (in dollars per share)	$ (0.02)	$ (0.14)
Diluted net loss per common share (in dollars per share)	$ (0.02)	$ (0.14)

Note 3 - Computation of Net L_4

Note 3 - Computation of Net Loss Per Share - Anti-dilutive Shares (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Common Class A [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	1,845	2,899
Common Class B [Member]
Antidilutive securities excluded from computation of net income per share (in shares)	150	278

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020	Jan. 31, 2019
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 140,154,000	$ 150,990,000	$ 136,717,000	$ 139,413,000
Interest Rate Swap [Member]
Derivative, Gain (Loss) on Derivative, Net, Total	(251,000)	$ (91,000)
Reported Value Measurement [Member]
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 17,700,000		$ 14,500,000

Note 4 - Fair Value Measureme_4

Note 4 - Fair Value Measurements - Financial Assets and Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Fair Value, Inputs, Level 1 [Member]
Liability related to the interest rate swap
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Cash and cash equivalents	112,299	107,319
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Cash and cash equivalents	10,114	14,917
Fair Value, Inputs, Level 2 [Member]
Liability related to the interest rate swap	(483)	(232)
Fair Value, Inputs, Level 2 [Member] | Money Market Funds [Member]
Cash and cash equivalents
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Cash and cash equivalents

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, 2020	Jan. 31, 2020
Liability related to the interest rate swap	$ (483)	$ (232)
Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]
Liability related to the interest rate swap	$ (483)	$ (232)

Note 5 - Capitalized Software_3

Note 5 - Capitalized Software Costs (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Capitalized Computer Software Write-Downs	$ 0.1
Capitalized Computer Software, Amortization	$ 0.3	$ 0.2

Note 5 - Capitalized Software_4

Note 5 - Capitalized Software Costs - Capitalized Software Costs and Accumulated Amortization (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Capitalized software development costs	$ 3,496	$ 3,356
Acquired software technology	135	135
Capitalized software costs, Gross	3,631	3,491
Less accumulated amortization	(1,719)	(1,569)
Capitalized software costs, net	$ 1,912	$ 1,922

Note 5 - Capitalized Software_5

Note 5 - Capitalized Software Costs - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
2021 remaining	$ 773
2022	734
2023	370
2024	35
Thereafter
Total	$ 1,912	$ 1,922

Note 6 - Goodwill and Intangi_3

Note 6 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Amortization of Intangible Assets, Total	$ 64	$ 67

Note 6 - Goodwill and Intangi_4

Note 6 - Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Beginning balance, gross	$ 27,996
Accumulated impairment	(15,608)
Beginning balance, net	12,388
Impact of foreign currency translation, gross	(332)
Impact of foreign currency translation, accumulated impairment
Ending balance, gross	27,664
Accumulated impairment	(15,608)
Ending balance, net	$ 12,056

Note 6 - Goodwill and Intangi_5

Note 6 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Customer relationships	$ 1,252	$ 1,379
Less accumulated amortization	(420)	(394)
Net amortizable intangible assets	$ 832	$ 985

Note 6 - Goodwill and Intangi_6

Note 6 - Goodwill and Intangible Assets - Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
2021 remaining	$ 188
2022	251
2023	251
2024	142
Thereafter
Net amortizable intangible assets	$ 832	$ 985

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) - 2012 Mortgage [Member] - Rabobank N.A [Member] - USD ($)	Apr. 30, 2020	May 30, 2012
Loans Payable to Bank, Total	$ 12,700,000
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
Quad Ortega Hill LLC [Member] | Swap [Member]
Derivative Liability, Notional Amount		$ 16,100,000
Derivative, Fixed Interest Rate		4.31%
Quad Ortega Hill LLC [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.70%	2.25%

Note 7 - Debt - Summary of Debt

Note 7 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Jan. 31, 2020
Note payable	$ 12,745	$ 12,868
Less current maturities	(510)	(503)
Less loan origination costs, net	(22)	(24)
Long-term debt	$ 12,213	$ 12,341

Note 8 - Accumulated Other Co_3

Note 8 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0

Note 8 - Accumulated Other Co_4

Note 8 - Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)
Balance	$ 116,065
Balance	113,871
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(8,345)
Other comprehensive loss before reclassifications	(2,655)
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive loss	(2,655)
Balance	$ (11,000)

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Jan. 31, 2020
Income Tax Expense (Benefit), Total	$ 995	$ 715
Effective Income Tax Rate Reconciliation, Percent, Total	170.00%	(28.00%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 600
Unrecognized Tax Benefits, Ending Balance	1,200	$ 1,300
Unrecognized Tax Benefits, Period Increase (Decrease), Total	1,000	1,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	100	$ 100
Deferred Tax Assets, Valuation Allowance, Total	$ 51,400		$ 51,000
Foreign Tax Authority [Member] | Ministry of Finance, India [Member]
Income Tax Examination, Year under Examination	2010 2013 2018
Foreign Tax Authority [Member] | Federal Ministry of Finance, Germany [Member]
Deferred Tax Assets, Valuation Allowance, Total	$ 2,500		$ 2,600
Income Tax Examination, Year under Examination	2015 2016 2017
Foreign Tax Authority [Member] | Income Tax Autority, Thailand [Member]
Income Tax Examination, Year under Examination	2018

Note 9 - Income Taxes - Valuati

Note 9 - Income Taxes - Valuation Allowance (Details) - USD ($) $ in Millions	Apr. 30, 2020	Jan. 31, 2020
Valuation Allowance	$ 51.4	$ 51
Federal and State Tax Authority [Member]
Valuation Allowance	30.9	30.3
Foreign Tax Authority [Member] | Revenue Commissioners, Ireland [Member]
Valuation Allowance	11	11.6
Foreign Tax Authority [Member] | Secretariat of the Federal Revenue Bureau of Brazil [Member]
Valuation Allowance	6.3	5.7
Foreign Tax Authority [Member] | Federal Ministry of Finance, Germany [Member]
Valuation Allowance	2.5	2.6
Foreign Tax Authority [Member] | Inland Revenue, Hong Kong [Member]
Valuation Allowance	0.6	0.6
Foreign Tax Authority [Member] | Income Tax Authority, South Africa [Member]
Valuation Allowance	$ 0.1	$ 0.2

Note 10 - Stockholders' Equit_2

Note 10 - Stockholders' Equity - Dividends (Details) - USD ($)	Apr. 07, 2020	Apr. 30, 2020	Apr. 30, 2019
Record Date	Apr. 22, 2020
Payable	Apr. 29, 2020
Amount	$ 1,431	$ 1,431,000	$ 1,374,000
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 11 - Stock-based Compens_3

Note 11 - Stock-based Compensation (Details Textual)	3 Months Ended
	Apr. 30, 2020USD ($)shares
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares) | shares	2,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 93,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 17,800,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 182 days
Performance Shares [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 100,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	73 days
Share-based Payment Arrangement, Expense (Reversal of Expense)	$ (90,000)
Share-based Payment Arrangement, Reversal of Expense	$ 300,000
Stock Appreciation Rights (SARs) [Member]
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares) | shares	200
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 11,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 2,200,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 328 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 28,000

Note 11 - Stock-based Compens_4

Note 11 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Allocated stock-based compensation expense	$ 2,405	$ 2,304
Cost of Subscription [Member]
Allocated stock-based compensation expense	107	70
Cost of Maintenance and Other Revenue [Member]
Allocated stock-based compensation expense	109	121
Cost of Professional Services [Member]
Allocated stock-based compensation expense	337	322
Selling and Marketing Expense [Member]
Allocated stock-based compensation expense	508	380
Research and Development Expense [Member]
Allocated stock-based compensation expense	451	427
General and Administrative Expense [Member]
Allocated stock-based compensation expense	$ 893	$ 984

Note 11 - Stock-based Compens_5

Note 11 - Stock-based Compensation - RSUs Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	3 Months Ended
	Apr. 30, 2020$ / sharesshares
Outstanding (in shares) | shares	627
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 39.86
Granted (in shares) | shares	11
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 39.92
Released (in shares) | shares	(6)	[1]
Released, weighted average grant date fair value (in dollars per share) | $ / shares	$ 28.17	[1]
Forfeited (in shares) | shares	(5)
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 38.92
Outstanding (in shares) | shares	627
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 39.98
[1]	The number of RSUs released includes shares withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.

Note 11 - Stock-based Compens_6

Note 11 - Stock-based Compensation - PSUs Activity (Details) - Performance Shares [Member] shares in Thousands	3 Months Ended
	Apr. 30, 2020$ / sharesshares
Outstanding (in shares) | shares	90
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 39.82
Granted (in shares) | shares
Granted, weighted average exercise price (in dollars per share) | $ / shares
Released (in shares) | shares
Released, weighted average grant date fair value (in dollars per share) | $ / shares
Forfeited (in shares) | shares
Forfeited, weighted average exercise price (in dollars per share) | $ / shares
Outstanding (in shares) | shares	90
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 39.82

Note 11 - Stock-based Compens_7

Note 11 - Stock-based Compensation - SARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2020USD ($)$ / sharesshares
Outstanding (in shares) | shares	1,349
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 24.86
Granted (in shares) | shares
Granted, weighted average exercise price (in dollars per share) | $ / shares
Exercised (in shares) | shares	(1)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 12.14
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	1,348
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 24.87
Outstanding, weighted average remaining contractual term (Year)	3 years 36 days
Outstanding, aggregate intrinsic value | $	$ 23,883
Vested and exercisable (in shares) | shares	1,063	[1]
Vested and exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 20.71
Vested and exercisable, weighted average remaining contractual term (Year)	2 years 182 days
Vested and exercisable, aggregate intrinsic value | $	$ 21,833
[1]	The number of SARs vested and exercisable at January 31, 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 13 - Business Segment In_3

Note 13 - Business Segment Information (Details Textual)	3 Months Ended
	Apr. 30, 2020	Apr. 30, 2019
Number of Geographic Locations	4
Number of Operating Segments	1
Geographic Concentration Risk [Member] | North America Revenue [Member] | CANADA
Concentration Risk, Percentage	2.00%	3.00%

Note 13 - Business Segment In_4

Note 13 - Business Segment Information - Revenue by Region (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2020	Apr. 30, 2019
Revenues		$ 74,147	$ 78,035
North America [Member]
Revenues		37,002	37,659
EMEA [Member]
Revenues		22,568	22,509
Asia Pacific [Member]
Revenues		9,642	11,886
Latin America [Member]
Revenues		4,935	5,981
Reportable Geographical Components [Member] | North America [Member]
Revenues	[1]	37,002	37,659
Reportable Geographical Components [Member] | EMEA [Member]
Revenues		22,568	22,509
Reportable Geographical Components [Member] | Asia Pacific [Member]
Revenues		9,642	11,886
Reportable Geographical Components [Member] | Latin America [Member]
Revenues		$ 4,935	$ 5,981
[1]	Sales into Canada accounted for 2% and 3% of North America total revenue in the three months ended April 30, 2020 and 2019, respectively.