Document_And_Entity_Informatio
Document And Entity Information | 12 Months Ended |
Jan. 31, 2014 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'DESCARTES SYSTEMS GROUP INC |
Document Type | '40-F |
Current Fiscal Year End Date | '--01-31 |
Entity Common Stock, Shares Outstanding | 63,660,953 |
Amendment Flag | 'false |
Entity Central Index Key | '0001050140 |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'No |
Entity Filer Category | 'Smaller Reporting Company |
Entity Well-known Seasoned Issuer | 'No |
Document Period End Date | 31-Jan-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'FY |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ' | ' |
Cash and cash equivalents | $62,705 | $37,638 |
Accounts receivable (net) | ' | ' |
Trade (Note 5) | 20,558 | 20,640 |
Other (Note 6) | 8,445 | 5,655 |
Prepaid expenses and other | 3,663 | 3,412 |
Inventory (Note 7) | 1,350 | 812 |
Deferred income taxes (Note 17) | 13,508 | 12,978 |
110,229 | 81,135 | |
CAPITAL ASSETS, NET (Note 8) | 8,792 | 10,236 |
DEFERRED INCOME TAXES (Note 17) | 19,628 | 25,142 |
INTANGIBLE ASSETS, NET (Note 9) | 94,649 | 71,297 |
GOODWILL (Note 10) | 111,179 | 88,297 |
344,477 | 276,107 | |
CURRENT LIABILITIES | ' | ' |
Accounts payable | 7,027 | 6,113 |
Accrued liabilities (Note 11) | 16,757 | 12,373 |
Income taxes payable (Note 17) | 2,671 | 2,354 |
Current portion of debt (Note 12) | 8,618 | ' |
Deferred revenue | 9,217 | 7,638 |
44,290 | 28,478 | |
DEBT (Note 12) | 31,787 | ' |
INCOME TAX LIABILITY (Note 17) | 4,418 | 3,770 |
DEFERRED INCOME TAXES (Note 17) | 13,822 | 5,620 |
94,317 | 37,868 | |
SHAREHOLDERS’ EQUITY | ' | ' |
Common shares – unlimited shares authorized; Shares issued and outstanding totaled 63,660,953 at January 31, 2014 (January 31, 2013 – 62,654,284) | 97,779 | 92,472 |
Additional paid-in capital | 451,394 | 451,434 |
Accumulated other comprehensive (loss) income | -1,089 | 1,869 |
Accumulated deficit | -297,924 | -307,536 |
250,160 | 238,239 | |
$344,477 | $276,107 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) | Jan. 31, 2014 | Jan. 31, 2013 |
Common shares; Shares issued | 63,660,953 | 62,654,284 |
Common shares; Shares outstanding | 63,660,953 | 62,654,284 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
REVENUES | $151,294 | $126,883 | $113,990 |
COST OF REVENUES | 49,043 | 42,399 | 38,313 |
GROSS MARGIN | 102,251 | 84,484 | 75,677 |
EXPENSES | ' | ' | ' |
Sales and marketing | 16,681 | 13,765 | 13,009 |
Research and development | 25,881 | 21,269 | 19,044 |
General and administrative | 20,509 | 15,691 | 14,272 |
Other charges (Note 18) | 6,512 | 2,364 | 2,131 |
Amortization of intangible assets | 17,999 | 14,202 | 11,996 |
87,582 | 67,291 | 60,452 | |
INCOME FROM OPERATIONS | 14,669 | 17,193 | 15,225 |
INTEREST EXPENSE | -993 | -45 | -9 |
INVESTMENT INCOME | 57 | 73 | 174 |
INCOME BEFORE INCOME TAXES | 13,733 | 17,221 | 15,390 |
INCOME TAX EXPENSE (RECOVERY) (Note 17) | ' | ' | ' |
Current | 1,768 | 2,078 | 1,438 |
Deferred | 2,353 | -853 | 1,926 |
4,121 | 1,225 | 3,364 | |
NET INCOME | $9,612 | $15,996 | $12,026 |
EARNINGS PER SHARE (Note 15) | ' | ' | ' |
Basic (in Dollars per share) | $0.15 | $0.26 | $0.19 |
Diluted (in Dollars per share) | $0.15 | $0.25 | $0.19 |
WEIGHTED AVERAGE SHARES OUTSTANDING (thousands) | ' | ' | ' |
Basic (in Shares) | 62,841 | 62,556 | 62,218 |
Diluted (in Shares) | 64,370 | 63,860 | 63,400 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Comprehensive income | ' | ' | ' |
Net income | $9,612 | $15,996 | $12,026 |
Other comprehensive (loss) income: | ' | ' | ' |
Foreign currency translation adjustment, net of income tax (expense) recovery of ($562) for the year ended January 31, 2014 (January 31, 2013 – $310; January 31, 2012 – ($188)) | -2,958 | 1,932 | -1,885 |
Total other comprehensive (loss) income | -2,958 | 1,932 | -1,885 |
Comprehensive income | $6,654 | $17,928 | $10,141 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Foreign currency translation adjustment, net of income tax (expense) recovery | ($562) | $310 | ($188) |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders’ Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total |
In Thousands, unless otherwise specified | |||||
Balance, beginning of year at Jan. 31, 2011 | ' | ' | $1,822 | ' | ' |
Balance, beginning of year at Jan. 31, 2011 | ' | ' | ' | -335,558 | -335,558 |
Balance, beginning of year at Jan. 31, 2011 | 88,148 | ' | ' | ' | ' |
Balance, beginning of year at Jan. 31, 2011 | ' | 452,300 | ' | ' | ' |
Common shares | ' | ' | ' | ' | ' |
Stock options exercised | 2,776 | ' | ' | ' | ' |
Additional paid-in capital | ' | ' | ' | ' | ' |
Unearned compensation related to issuance of stock options | ' | 11 | ' | ' | ' |
Stock-based compensation expense (Note 16) | ' | 1,213 | ' | ' | ' |
Stock options exercised | ' | -1,001 | ' | ' | ' |
Stock option income tax benefits | ' | -99 | ' | ' | ' |
Accumulated other comprehensive income (loss) | ' | ' | ' | ' | ' |
Foreign currency translation adjustments, net of income taxes | ' | ' | -1,885 | ' | -1,885 |
Accumulated deficit | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 12,026 | 12,026 |
Balance, end of year at Jan. 31, 2012 | ' | ' | -63 | ' | ' |
Balance, end of year at Jan. 31, 2012 | ' | ' | ' | -323,532 | -323,532 |
Balance at Jan. 31, 2012 | 90,924 | ' | ' | ' | 219,753 |
Balance, end of year at Jan. 31, 2012 | ' | 452,424 | ' | ' | ' |
Common shares | ' | ' | ' | ' | ' |
Stock options exercised | 1,548 | ' | ' | ' | ' |
Additional paid-in capital | ' | ' | ' | ' | ' |
Stock-based compensation expense (Note 16) | ' | 1,278 | ' | ' | ' |
Stock options exercised | ' | -348 | ' | ' | ' |
Settlement of stock options (Note 16) | ' | -2,021 | ' | ' | ' |
Stock option income tax benefits | ' | 101 | ' | ' | ' |
Accumulated other comprehensive income (loss) | ' | ' | ' | ' | ' |
Foreign currency translation adjustments, net of income taxes | ' | ' | 1,932 | ' | 1,932 |
Accumulated deficit | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 15,996 | 15,996 |
Balance, end of year at Jan. 31, 2013 | ' | ' | 1,869 | ' | 1,869 |
Balance, end of year at Jan. 31, 2013 | ' | ' | ' | -307,536 | -307,536 |
Balance at Jan. 31, 2013 | 92,472 | ' | ' | ' | 238,239 |
Balance, end of year at Jan. 31, 2013 | ' | 451,434 | ' | ' | ' |
Common shares | ' | ' | ' | ' | ' |
Stock options exercised | 5,307 | ' | ' | ' | ' |
Additional paid-in capital | ' | ' | ' | ' | ' |
Stock-based compensation expense (Note 16) | ' | 2,523 | ' | ' | ' |
Stock options exercised | ' | -1,525 | ' | ' | ' |
Settlement of stock options (Note 16) | ' | -1,510 | ' | ' | ' |
Stock option income tax benefits | ' | 472 | ' | ' | ' |
Accumulated other comprehensive income (loss) | ' | ' | ' | ' | ' |
Foreign currency translation adjustments, net of income taxes | ' | ' | -2,958 | ' | -2,958 |
Accumulated deficit | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | 9,612 | 9,612 |
Balance, end of year at Jan. 31, 2014 | ' | ' | -1,089 | ' | -1,089 |
Balance, end of year at Jan. 31, 2014 | ' | ' | ' | -297,924 | -297,924 |
Balance at Jan. 31, 2014 | 97,779 | ' | ' | ' | 250,160 |
Balance, end of year at Jan. 31, 2014 | ' | $451,394 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
OPERATING ACTIVITIES | ' | ' | ' |
Net income | $9,612 | $15,996 | $12,026 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' | ' |
Depreciation | 3,396 | 2,877 | 2,462 |
Amortization of intangible assets | 17,999 | 14,202 | 11,996 |
Amortization of unearned compensation | ' | ' | 11 |
Stock-based compensation expense (Note 16) | 2,523 | 1,278 | 1,213 |
Deferred tax expense | 2,353 | -853 | 1,926 |
Accounts receivable | ' | ' | ' |
Trade | 3,650 | -1,697 | -460 |
Other | 2,164 | -183 | -822 |
Prepaid expenses and other | 91 | -379 | -619 |
Inventory | -535 | -343 | 75 |
Accounts payable | 146 | 873 | -1,065 |
Accrued liabilities | 2,051 | -736 | -1,682 |
Income taxes payable | 596 | 451 | 99 |
Deferred revenue | -1,432 | -1,342 | -1,430 |
Cash provided by operating activities | 42,614 | 30,340 | 23,926 |
INVESTING ACTIVITIES | ' | ' | ' |
Additions to capital assets | -2,385 | -3,496 | -4,734 |
Settlement of acquisition earn-out (Note 4) | ' | -590 | ' |
Acquisition of subsidiaries, net of cash acquired and bank indebtedness assumed (Note 4) | -58,737 | -54,155 | -21,281 |
Cash used in investing activities | -61,122 | -58,241 | -26,015 |
FINANCING ACTIVITIES | ' | ' | ' |
Proceeds from borrowing on the debt facility | 46,262 | ' | ' |
Payment of debt issuance costs | -692 | ' | ' |
Repayments of debt and other financial liabilities | -3,722 | -77 | -4,342 |
Issuance of common shares for cash | 3,633 | 704 | 1,775 |
Settlement of stock options (Note 16) | -1,361 | -1,525 | ' |
Cash provided by (used in) financing activities | 44,120 | -898 | -2,567 |
Effect of foreign exchange rate changes on cash and cash equivalents | -545 | 890 | 559 |
Increase (decrease) in cash and cash equivalents | 25,067 | -27,909 | -4,097 |
Cash and cash equivalents, beginning of year | 37,638 | 65,547 | 69,644 |
Cash and cash equivalents, end of year | 62,705 | 37,638 | 65,547 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Cash paid during the year for interest | 406 | 46 | 9 |
Cash paid during the year for income taxes | $1,762 | $1,149 | $727 |
Note_1_Description_of_the_Busi
Note 1 - Description of the Business | 12 Months Ended |
Jan. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
Note 1 - Description of the Business | |
The Descartes Systems Group Inc. (“Descartes”, “Company”, “our” or “we”) is a global provider of federated network and global logistics technology solutions that help our customers make and receive shipments and manage related resources. Our network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; inventory and asset visibility; rate and transportation management; and warehouse operations. Our pricing model provides our customers with flexibility in purchasing our solutions either on a perpetual license, subscription or transactional basis. Our primary focus is on serving transportation providers (air, ocean and truck modes), logistics service providers (including third-party logistics providers, freight forwarders and customs brokers) and distribution-intensive companies where delivery is either a key or a defining part of their own product or service offering, or where there is an opportunity to reduce costs and improve service levels by optimizing the use of their assets. | |
Note_2_Significant_Accounting_
Note 2 - Significant Accounting Policies | 12 Months Ended | |
Jan. 31, 2014 | ||
Accounting Policies [Abstract] | ' | |
Significant Accounting Policies [Text Block] | ' | |
Note 2 - Significant Accounting Policies | ||
Basis of presentation | ||
The accompanying consolidated financial statements are presented in United States (“US”) dollars and are prepared in accordance with generally accepted accounting principles in the US (“GAAP”) and the rules and regulations of the Canadian Securities Administrators and US Securities and Exchange Commission (“SEC”) for the preparation of consolidated financial statements. | ||
Our fiscal year commences on February 1st of each year and ends on January 31st of the following year. Our fiscal year, which ended January 31, 2014, is referred to as the “current fiscal year,” “fiscal 2014,” “2014” or using similar words. Our fiscal year, which ended January 31, 2013, is referred to as the “previous fiscal year,” “fiscal 2013,” “2013” or using similar words. Other fiscal years are referenced by the applicable year during which the fiscal year ends. For example, “2015” refers to the annual period ending January 31, 2015 and the “fourth quarter of 2015” refers to the quarter ending January 31, 2015. | ||
We have reclassified certain immaterial items in the consolidated financial statements and the notes to conform to the current presentation. | ||
Basis of consolidation | ||
The consolidated financial statements include the financial statements of Descartes and our wholly-owned subsidiaries. We do not have any variable interests in variable interest entities. All intercompany accounts and transactions have been eliminated during consolidation. | ||
Financial instruments | ||
Fair value of financial instruments | ||
Financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, income taxes payable and debt. The estimated fair values of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities and income taxes payable are approximate to their book values due to the short-term nature of these instruments. The estimated fair value of debt is approximate to its book value as the interest rates offered under our revolving debt facility are close to market rates for debt of the same remaining maturities. | ||
Foreign exchange risk | ||
We are exposed to foreign exchange risk because a higher proportion of our revenues are denominated in US dollars relative to expenditures. Accordingly, our results are affected, and may be affected in the future, by exchange rate fluctuations of the US dollar relative to the Canadian dollar, euro and various other foreign currencies. | ||
Interest rate risk | ||
We are exposed to interest rate fluctuations to the extent that we borrow on our revolving debt facility, which depending on the type of advance under the available facilities, interest will be charged based on either i) Canada prime rate or US base rate; or ii) LIBOR. As of January 31, 2014, $40.4 million is outstanding under the revolving debt facility with interest charged subject to the Canadian prime rate. | ||
We are also exposed to reductions in interest rates, which could adversely impact expected returns from our investment of corporate funds in interest bearing bank accounts. | ||
Credit risk | ||
We are exposed to credit risk through our invested cash, cash equivalents and accounts receivable. We hold our cash and cash equivalents with reputable financial institutions. The lack of concentration of accounts receivable from a single customer and the dispersion of customers among industries and geographical locations mitigate this risk. | ||
We do not use any type of speculative financial instruments, including but not limited to foreign exchange contracts, futures, swaps and option agreements, to manage our foreign exchange or interest rate risks. In addition, we do not hold or issue financial instruments for trading purposes. | ||
Foreign currency translation | ||
The US dollar is the presentation currency of the Company. Assets and liabilities are translated into US dollars at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated into US dollars using daily exchange rates. Translation adjustments resulting from this process are accumulated in other comprehensive income (loss) as a separate component of shareholders’ equity. On substantial liquidation of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statements of operations. | ||
The functional currency of each of our entities is the local currency in which they operate. Transactions incurred in currencies other than the local currency of an entity are converted to the local currency at the transaction date. Monetary assets and liabilities denominated in foreign currencies are re-measured into the local currency at the exchange rate in effect at the balance sheet date. All foreign currency re-measurement gains and losses are included in net income. For the year ended January 31, 2014, foreign currency re-measurement losses of $0.2 million were included in net income (January 31, 2013 - $0.2 million; January 31, 2012 - nil). | ||
Use of estimates | ||
Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying note disclosures. Although these estimates and assumptions are based on management’s best knowledge of current events, actual results may be different from the estimates. Estimates and assumptions are used when accounting for items such as allocations of the purchase price and the fair value of net assets acquired in business combination transactions, useful lives of intangible assets and capital assets, allowance for doubtful accounts, collectability of other receivables, provisions for excess or obsolete inventory, restructuring accruals, revenue related estimates including vendor-specific objective evidence (“VSOE”) of selling price and best estimate of selling price (“BESP”), fair value of stock-based compensation, assumptions embodied in the valuation of assets for impairment assessment, valuation allowances for deferred income tax assets, uncertain tax positions and recognition of contingencies. | ||
Cash and cash equivalents | ||
Cash and cash equivalents include highly liquid short-term deposits with original maturities of three months or less. | ||
Allowance for doubtful accounts | ||
We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make their required payments. Specifically, we consider the age of the receivables, customers’ payment history, historical write-offs, the creditworthiness of the customer, and current economic trends among other factors. Accounts receivable are written off, and the associated allowance is eliminated, if it is determined that the specific balance is no longer collectible. | ||
Inventory | ||
Finished goods inventories are stated at the lower of cost and market value. Market value is the current replacement cost of the inventory. The cost of finished goods is determined on the basis of average cost of units. | ||
The valuation of inventory, including the determination of obsolete or excess inventory, requires management to estimate the future demand for our products within specified time horizons. We perform an assessment of inventory which includes a review of, among other factors, demand requirements, product life cycle and development plans, product pricing and quality issues. If the demand for our products indicates we are no longer able to sell inventories above cost or at all, we write down inventory to net realizable value or excess inventory is written off. | ||
Impairment of long-lived assets | ||
We test long-lived assets, such as capital assets and finite life intangible assets, for recoverability when events or changes in circumstances indicate that there may be an impairment. An impairment loss is recognized when the estimate of undiscounted future cash flows generated by such assets is less than the carrying amount. Measurement of the impairment loss is based on the present value of the expected future cash flows. No impairment of long-lived assets has been identified or recorded in our consolidated statements of operations for any of the fiscal years presented. | ||
Goodwill and intangible assets | ||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not subject to amortization. | ||
We test for impairment of goodwill at least annually during our third quarter of each year and at any other time if any event occurs or circumstances change that would more likely than not reduce our enterprise value below our carrying amount. Our operations are analyzed by management and our chief operating decision maker as being part of a single industry segment providing logistics technology solutions. Accordingly, our goodwill impairment assessment is based on the allocation of goodwill to a single reporting unit. Our annual goodwill impairment testing during our third quarter of 2014 indicated no evidence of impairment and the fair value of our reporting unit was in excess of its carrying value. As a result, no impairment of goodwill was recorded in fiscal 2014. | ||
We perform further quarterly analysis of whether any event has occurred that would more likely than not reduce our enterprise value below our carrying amounts and, if so, we perform a goodwill impairment test between the annual dates. Any impairment adjustment is recognized as an expense in the period that the adjustment is identified. | ||
Intangible assets related to our acquisitions are recorded at their fair value at the acquisition date. Intangible assets include customer agreements and relationships, non-compete covenants, existing technologies and trade names. Intangible assets are amortized on a straight-line basis over their estimated useful lives. We write down intangible assets with a finite life to fair value when the related undiscounted cash flows are not expected to allow for recovery of the carrying value. Fair value of intangibles is determined by discounting the expected related future cash flows. | ||
Amortization of our intangible assets is generally recorded at the following rates: | ||
Customer agreements and relationships | Straight-line over four to twenty years | |
Non-compete covenants | Straight-line over two to seven years | |
Existing technologies | Straight-line over three to twelve years | |
Trade names | Straight-line over one to fifteen years | |
Capital assets | ||
Capital assets are recorded at cost. Depreciation of our capital assets is generally recorded at the following rates: | ||
Computer equipment and software | 30% declining balance | |
Furniture and fixtures | 20% declining balance | |
Leasehold improvements | Straight-line over lesser of useful life or term of lease | |
Revenue recognition | ||
We recognize revenue when it is realized or realizable and earned. We consider revenue realized or realizable and earned when there exists persuasive evidence of an arrangement, the product has been delivered or the services have been provided to the customer, the sales price is fixed or determinable and collectability is reasonably assured. All revenue is recognized net of any related sales taxes. In addition to this general policy, the specific revenue recognition policies for each major category of revenue are included below. | ||
Services Revenues - Services revenues are principally comprised of the following: (i) ongoing transactional fees for use of our services and products by our customers, which are recognized as the transactions occur; (ii) professional services revenues from consulting, implementation and training services related to our services and products, which are recognized as the services are performed; (iii) maintenance, subscription and other related revenues, including revenues associated with maintenance and support of our services and products, which are recognized ratably over the subscription period; and (iv) hardware revenues, which are recognized when hardware is shipped. | ||
License Revenues - License revenues are derived from perpetual licenses granted to our customers to use our software products. | ||
We enter into arrangements from time to time that may consist of multiple deliverables which may include any combination of services and software licenses. Our typical multiple-element arrangements involve: (i) software with maintenance support services, (ii) professional services with one time set-up fees and (iii) hardware with services. For any arrangements involving multiple deliverables involving non-software elements (hardware, one time set-up fees, professional services, subscription, etc.) the consideration from the arrangement is allocated to each respective element based on its relative selling price, using VSOE of selling price. In instances when we are unable to establish the selling price using VSOE, we attempt to establish selling price of each element based on acceptable third party evidence of selling price (“TPE”); however we are generally unable to reliably determine the selling price of similar competitor products or services on a stand-alone basis. In these instances, we use our BESP in our allocation of the arrangement consideration. The objective of BESP is to determine the price at which we would transact a sale if the product or service was sold on a stand-alone basis. We determine BESP for each specific element in a multiple element arrangement considering multiple factors including, but not limited to, market conditions, competitive landscape, internal costs, gross margin objectives and pricing practices. | ||
For arrangements involving multiple deliverables of software with maintenance support services, the revenue is recognized based on Accounting Standard Codification (“ASC”) Subtopic 985-605 “Software: Revenue Recognition”. If we are unable to determine VSOE of fair value for all of the deliverables of the arrangement, but are able to obtain VSOE of fair value for all the undelivered elements, revenue is allocated using the residual method. Under the residual method, the amount of revenue allocated to the delivered elements equals the total arrangement consideration less the aggregate fair value of any undelivered elements. If VSOE of fair value of any undelivered software items does not exist, revenue from the entire arrangement is initially deferred and recognized at the earlier of: (i) delivery of those elements for which VSOE of fair value did not exist; or (ii) when VSOE of fair value can be established. | ||
Research and development costs | ||
To date, we have not capitalized any costs related to research and development of our computer software products. Costs incurred between the dates that the product is considered to be technologically feasible and is considered to be ready for general release to customers have historically been expensed as they have not been significant. | ||
Stock-based compensation plans | ||
Stock Options | ||
We maintain stock option plans for directors, officers, employees and other service providers. Options to purchase our common shares are granted at an exercise price equal to the fair market value of our common shares. This fair market value is determined using the closing price of our common shares on the TSX on the day immediately preceding the date of the grant. | ||
Employee stock options generally vest over a five-year period starting from the grant date and expire seven years from the grant date. Directors’ and officers’ stock options generally have quarterly vesting over a three- to five-year period. We issue new shares from treasury upon the exercise of a stock option. | ||
The fair value of employee stock option grants that are ultimately expected to vest are amortized to expense in our consolidated statement of operations based on the straight-line attribution method. The fair value of stock option grants is calculated using the Black-Scholes Merton option-pricing model. Expected volatility is based on historical volatility of our common stock and other factors. The risk-free interest rates are based on Government of Canada average bond yields for a period consistent with the expected life of the option in effect at the time of the grant. The expected option life is based on the historical life of our granted options and other factors. | ||
Performance Share Units | ||
Our board of directors adopted a performance share unit plan effective as of April 30, 2012, pursuant to which certain of our employees are eligible to receive grants of performance share units (“PSUs”). PSUs vest at the end of a three-year performance period. The ultimate number of PSUs that vest is based on the total shareholder return (“TSR”) of our Company relative to the TSR of companies comprising a peer index group. TSR is calculated based on the weighted-average closing price of shares for the five trading days preceding the beginning and end of the performance period. The fair value of PSUs is expensed to stock-based compensation expense over the vesting period. PSUs expire ten years from the grant date. New shares are issued from treasury upon the redemption of a PSU. | ||
PSUs are measured at fair value estimated using a Monte Carlo Simulation approach. Expected volatility is based on historical volatility of our common stock and other factors. The risk-free interest rates are based on the Government of Canada average bond yields for a period consistent with the expected life of PSUs at the time of the grant. The expected PSU life is based on the historical life of our stock options and other factors. | ||
Restricted Share Units | ||
Our board of directors adopted a restricted share unit plan effective as of April 30, 2012, pursuant to which certain of our employees are eligible to receive grants of restricted share units (“RSUs”). RSUs vest annually over a three-year period starting from the grant date and expire ten years from the grant date. We issue new shares from treasury upon the redemption of an RSU. | ||
RSUs are measured at fair value based on the closing price of our common shares for the day preceding the date of the grant and will be expensed to stock-based compensation expense over the vesting period. | ||
Deferred Share Unit Plan | ||
Our board of directors adopted a deferred share unit plan effective as of June 28, 2004, pursuant to which non-employee directors are eligible to receive grants of deferred share units (“DSUs”), each of which has an initial value equal to the weighted-average closing price of our common shares for the five trading days preceding the grant date. The plan allows each director to choose to receive, in the form of DSUs, all, none or a percentage of the eligible director’s fees which would otherwise be payable in cash. If a director has invested less than the minimum amount of equity in Descartes, as prescribed from time to time by the board of directors then the director must take at least 50% of the base annual fee for serving as a director (currently $35,000) in the form of DSUs. Each DSU fully vests upon award but is distributed only when the director ceases to be a member of the board of directors. Vested units are settled in cash based on our common share price when conversion takes place. | ||
Cash-Settled Restricted Share Unit Plan | ||
Our board of directors adopted a cash-settled restricted share unit plan effective as of May 23, 2007, pursuant to which certain of our employees and outside directors are eligible to receive grants of cash-settled restricted share units (“CRSUs”), each of which has an initial value equal to the weighted-average closing price of our common shares for the five trading days preceding the date of the grant. The CRSUs generally vest based on continued employment and have annual vesting over three- to five-year periods. Vested units are settled in cash based on our common share price when conversion takes place, which is within 30 days following a vesting date and in any event prior to December 31st of the calendar year of a vesting date. | ||
Income taxes | ||
We use the liability method of income tax allocation to account for income taxes. Deferred tax assets and liabilities arise from temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements that will result in taxable or deductible amounts in future years. These temporary differences are measured using enacted tax rates. A valuation allowance is recorded to reduce deferred tax assets to the extent that we consider it is more likely than not that a deferred tax asset will not be realized. In determining the valuation allowance, we consider factors such as the reversal of deferred income tax liabilities, projected taxable income, our history of losses for tax purposes, and the character of income tax assets and tax planning strategies. A change to these factors could impact the estimated valuation allowance and income tax expense. | ||
We evaluate our uncertain tax positions by using a two-step approach to recognizing and measuring uncertain tax positions and provisions for income taxes. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not, based solely on the technical merits, that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the appropriate amount of the benefit to recognize. The amount of benefit to recognize is measured as the maximum amount which is more likely than not to be realized. The tax position is derecognized when it is no longer more likely than not that the position will be sustained on audit. We continually assesses the likelihood and amount of potential adjustments and adjust the income tax provisions, income taxes payable and deferred income taxes in the period in which the facts that give rise to a revision become known. | ||
Earnings per share | ||
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income by the sum of the weighted average number of common shares outstanding and all additional common shares that would have been outstanding if potentially dilutive common shares had been issued during the period. The treasury stock method is used to compute the dilutive effect of stock-based compensation. | ||
Recently adopted accounting pronouncements | ||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2013-02, “Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component, including presentation of amounts reclassified on the face of the financial statements where net income is presented or in the notes. ASU 2013-02 is effective for condensed and annual periods beginning after December 15, 2012, which is our fiscal year beginning February 1, 2013. The adoption of this amendment has not had a material impact on our results of operations or disclosures. | ||
Recently issued accounting pronouncements not yet adopted | ||
In March 2013, the FASB issued ASU 2013-05, “Foreign Currency Matters” (“ASU 2013-05”). ASU 2013-05 provides clarification on the accounting treatment of currency translation adjustment for entities that cease to have a controlling financial interest in a foreign subsidiary. ASU 2013-05 is effective for condensed and annual periods beginning after December 15, 2013, which is our fiscal year beginning February 1, 2014. The adoption of this amendment is not expected to have a material impact on our results of operations or disclosures. | ||
In July 2013, the FASB issued ASU 2013-11, “Income Taxes” (“ASU 2013-11”). ASU 2013-11 provides clarification on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 is effective for quarterly and annual periods beginning after December 15, 2013, which is our fiscal year beginning February 1, 2014. The adoption of this amendment is not expected to have a material impact on our results of operations or disclosures. | ||
Note_3_Revision_of_Previously_
Note 3 - Revision of Previously Issued Financial Statements | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Accounting Changes and Error Corrections [Abstract] | ' | ||||||||||||
Accounting Changes and Error Corrections [Text Block] | ' | ||||||||||||
Note 3 – Revision of Previously Issued Financial Statements | |||||||||||||
During the second quarter of fiscal 2014, as a result of a tax audit, it was determined that our recognizable net operating losses available for carryforward were understated. As at January 31, 2013, we had understated both deferred tax assets and shareholders’ equity by $1.2 million. In accordance with ASC Topic 250, “Accounting Changes and Error Corrections”, management assessed the materiality of this prior period error and concluded that it was not material to any previously issued financial statements, but adjusting for the error in the second quarter of fiscal 2014 could have a material impact on the results of the current period. Accordingly, we have revised our previously issued consolidated financial statements, as applicable. | |||||||||||||
The following table presents the impact of the revision on our previously issued audited consolidated balance sheet as at January 31, 2013: | |||||||||||||
As Reported | Revision | As Revised | |||||||||||
Deferred income taxes | 23,945 | 1,197 | 25,142 | ||||||||||
Total assets | 274,910 | 1,197 | 276,107 | ||||||||||
Accumulated deficit | (308,733 | ) | 1,197 | (307,536 | ) | ||||||||
Total shareholders’ equity | 237,042 | 1,197 | 238,239 | ||||||||||
The following table presents the impact of the revision on our previously issued audited consolidated statement of shareholders’ equity: | |||||||||||||
As Reported | Revision | As Revised | |||||||||||
Accumulated deficit | |||||||||||||
Balance, as at February 1, 2011 | (336,755 | ) | 1,197 | (335,558 | ) | ||||||||
Balance, as at February 1, 2012 | (324,729 | ) | 1,197 | (323,532 | ) | ||||||||
Balance, as at January 31, 2013 | (308,733 | ) | 1,197 | (307,536 | ) | ||||||||
Total shareholders’ equity | |||||||||||||
Balance, as at January 31, 2012 | 218,556 | 1,197 | 219,753 | ||||||||||
Balance, as at January 31, 2013 | 237,042 | 1,197 | 238,239 | ||||||||||
Note_4_Acquisitions
Note 4 - Acquisitions | 12 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Business Combination Disclosure [Text Block] | ' | ||||||||||||||||
Note 4 - Acquisitions | |||||||||||||||||
On December 23, 2013, we acquired all outstanding shares of privately-held Impatex Freight Software Limited (“Impatex”), a leading UK-based provider of electronic customs filing and freight forwarding solutions. The total purchase price for the acquisition was $8.2 million, net of cash acquired, which was funded by drawing on our revolving debt facility. We incurred acquisition-related costs, primarily for advisory services, of $0.3 million included in other charges in our consolidated statements of operations in 2014. The gross contractual amount of trade receivables acquired was $0.3 million with a fair value of $0.3 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was nil. We have recognized $0.3 million of revenues and less than $0.1 million of net income from Impatex since the date of acquisition in our consolidated statements of operations for 2014. | |||||||||||||||||
On December 20, 2013, we acquired all outstanding shares of privately-held Compudata, a leading provider of business-to-business supply chain integration and e-invoicing solutions in Switzerland. The total purchase price for the acquisition was $18.1 million, net of cash acquired, which was funded by drawing on our revolving debt facility. We incurred acquisition-related costs, primarily for advisory services, of $0.3 million included in other charges in our consolidated statements of operations in 2014. The gross contractual amount of trade receivables acquired was $0.6 million with a fair value of $0.5 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was $0.1 million. We have recognized $0.6 million of revenues and $0.1 million of net income from Compudata since the date of acquisition in our consolidated statements of operations for 2014. | |||||||||||||||||
On May 2, 2013 we acquired all outstanding shares of privately-held KSD Software Norway AS (“KSD”), a leading Scandinavian-based provider of electronic customs filing solutions for the European Union (“EU”). KSD’s software helps customers manage the complexities of EU customs compliance. The total purchase price for the acquisition was $32.4 million, net of cash acquired. As part of completing the acquisition $19.8 million of the $32.4 million purchase price was funded by drawing on our revolving debt facility, with the remainder funded with cash on hand. We incurred acquisition-related costs, primarily for advisory services, of $0.7 million included in other charges in our consolidated statements of operations in 2014. The gross contractual amount of trade receivables acquired was $3.1 million with a fair value of $2.6 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was $0.5 million. We have recognized $12.3 million of revenues and $1.7 million of net loss from KSD since the date of acquisition in our consolidated statements of operations for 2014. This net loss includes $1.7 million of restructuring charges and $1.8 million of amortization of intangible assets during 2014. | |||||||||||||||||
During 2014, the preliminary purchase price allocation for KSD was adjusted due to changes made to net working capital adjustments receivable estimates made upon close of the acquisition. The purchase price allocation adjustments were as follows: (i) goodwill increased $1.0 million from $12.1 million to $13.1 million; (ii) net working capital adjustments receivable decreased $0.9 million from $3.8 million to $2.9 million; and (iii) net tangible liabilities assumed decreased $0.1 million from $9.5 million to $9.4 million. | |||||||||||||||||
The preliminary purchase price allocation for businesses acquired during fiscal 2014, which have not been finalized, are as follows: | |||||||||||||||||
Impatex | Compudata | KSD | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | 8,175 | 18,143 | 32,419 | 58,737 | |||||||||||||
Net working capital adjustments receivable | (182 | ) | (79 | ) | (2,874 | ) | (3,135 | ) | |||||||||
7,993 | 18,064 | 29,545 | 55,602 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets, excluding cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | 526 | 1,775 | 4,301 | 6,602 | |||||||||||||
Capital assets | 109 | 24 | 67 | 200 | |||||||||||||
Deferred income tax assets | 11 | - | 863 | 874 | |||||||||||||
Current liabilities | (275 | ) | (923 | ) | (3,941 | ) | (5,139 | ) | |||||||||
Deferred revenue | (441 | ) | (22 | ) | (3,004 | ) | (3,467 | ) | |||||||||
Deferred income tax liability | (1,140 | ) | (2,924 | ) | (6,757 | ) | (10,821 | ) | |||||||||
Debt | - | - | (894 | ) | (894 | ) | |||||||||||
Other long term liabilities | - | - | - | - | |||||||||||||
Net tangible liabilities assumed | (1,210 | ) | (2,070 | ) | (9,365 | ) | (12,645 | ) | |||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 2,495 | 11,910 | 17,500 | 31,905 | |||||||||||||
Existing technology | 3,207 | - | 8,300 | 11,507 | |||||||||||||
Non-compete covenants | - | 23 | - | 23 | |||||||||||||
Trade names | - | - | - | - | |||||||||||||
Goodwill | 3,501 | 8,201 | 13,110 | 24,812 | |||||||||||||
7,993 | 18,064 | 29,545 | 55,602 | ||||||||||||||
No in-process research and development was acquired in the Impatex, Compudata or KSD acquisitions. | |||||||||||||||||
The acquired intangible assets are being amortized over their estimated useful lives as follows: | |||||||||||||||||
Impatex | Compudata | KSD | |||||||||||||||
Customer agreements and relationships (in years) | 10 | 9 | 12 | ||||||||||||||
Non-compete covenants (in years) | N/A | 3 | N/A | ||||||||||||||
Existing technology (in years) | 8 | N/A | 8 | ||||||||||||||
Trade names (in years) | - | - | - | ||||||||||||||
The goodwill on the Impatex, Compudata and KSD acquisitions arose as a result of the value of their assembled workforces and the combined strategic value to our growth plan. The goodwill arising from these acquisitions is not deductible for tax purposes. | |||||||||||||||||
On November 14, 2012, we acquired all outstanding shares of privately-held Exentra Transport Solutions Limited (“Exentra”), a leading UK-based provider of software-as-a-service (“SaaS”) driver compliance solutions for the European Union. The total purchase price for the acquisition was $16.6 million, net of cash acquired. We also incurred acquisition-related costs, primarily for advisory services, of $0.3 million included in other charges in our consolidated statements of operations in 2013. The gross contractual amount of trade receivables acquired was $0.8 million with a fair value of $0.8 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was nil. | |||||||||||||||||
On June 15, 2012, we acquired substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited (collectively referred to as “IES”). IES provides SaaS solutions that help freight forwarders, non-vessel operating common carriers and custom brokers manage their businesses. The total purchase price for the acquisition was $33.9 million, net of cash acquired. We also incurred acquisition-related costs, primarily for advisory services, of $0.3 million included in other charges in our consolidated statements of operations in 2013. The gross contractual amount of trade receivables acquired was $0.8 million with a fair value of $0.6 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was $0.2 million. | |||||||||||||||||
On June 1, 2012, we acquired all outstanding shares of privately-held Infodis B.V. (“Infodis”), a Netherlands-based provider of SaaS transportation management solutions that enable its clients to manage both inbound and outbound purchased transportation. The total purchase price for the acquisition was $3.7 million, net of cash acquired. We also incurred acquisition-related costs, primarily for advisory services, of $0.4 million included in other charges in our consolidated statements of operations in 2013. The gross contractual amount of trade receivables acquired was $0.7 million with a fair value of $0.7 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected was nil. | |||||||||||||||||
The final purchase price allocations for businesses we acquired during fiscal 2013 are as follows: | |||||||||||||||||
Exentra | IES | Infodis | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Infodis ($375), IES (nil) and Exentra ($663) | 16,559 | 33,909 | 3,687 | 54,155 | |||||||||||||
Net working capital adjustments receivable | (27 | ) | 12 | 2 | (13 | ) | |||||||||||
16,532 | 33,921 | 3,689 | 54,142 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets, excluding cash acquired related to Infodis ($375) IES (nil) and Exentra ($663) | 883 | 767 | 831 | 2,481 | |||||||||||||
Capital assets | 116 | - | 194 | 310 | |||||||||||||
Deferred income tax assets | - | - | 22 | 22 | |||||||||||||
Current liabilities | (1,008 | ) | (184 | ) | (386 | ) | (1,578 | ) | |||||||||
Deferred revenue | (26 | ) | (901 | ) | - | (927 | ) | ||||||||||
Deferred income tax liability | (3,112 | ) | - | (565 | ) | (3,677 | ) | ||||||||||
Debt | - | - | - | - | |||||||||||||
Other long term liabilities | - | - | - | - | |||||||||||||
Net tangible (liabilities) assets assumed | (3,147 | ) | (318 | ) | 96 | (3,369 | ) | ||||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 2,621 | 6,941 | 834 | 10,396 | |||||||||||||
Existing technology | 10,827 | 15,236 | 1,420 | 27,483 | |||||||||||||
Non-compete covenants | - | 239 | - | 239 | |||||||||||||
Trade names | - | - | - | - | |||||||||||||
Goodwill | 6,231 | 11,823 | 1,339 | 19,393 | |||||||||||||
16,532 | 33,921 | 3,689 | 54,142 | ||||||||||||||
No in-process research and development was acquired in these transactions. | |||||||||||||||||
The acquired intangible assets are being amortized over their estimated useful lives as follows: | |||||||||||||||||
Exentra | IES | Infodis | |||||||||||||||
Customer agreements and relationships (in years) | 12 | 10 | 6 | ||||||||||||||
Non-compete covenants (in years) | N/A | 5 | N/A | ||||||||||||||
Existing technology (in years) | 10 | 8 | 5 | ||||||||||||||
Trade names (in years) | - | - | - | ||||||||||||||
The goodwill on the Infodis, IES and Exentra acquisitions arose as a result of the value of their respective assembled workforces and the combined strategic value to our growth plan. The goodwill arising from the Infodis and Exentra acquisition is not deductible for tax purposes. The goodwill arising from the IES acquisition is deductible for tax purposes. | |||||||||||||||||
On January 20, 2012, we acquired all outstanding shares of privately-held GeoMicro, Inc. (“GeoMicro”), a leading California-based provider of advanced geographic information systems and commercial turn-by-turn navigation. GeoMicro’s platform enables advanced routing, navigation, field service, and spatial data business intelligence solutions. The total purchase price for the acquisition was $2.7 million in cash, net of cash acquired. We also incurred acquisition-related costs, primarily for advisory services, of $0.1 million included in other charges in our consolidated statements of operations in 2012. The gross contractual amount of trade accounts receivable acquired was $0.2 million with a fair value of $0.2 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected is nil. | |||||||||||||||||
On November 2, 2011, we acquired all outstanding shares of privately-held InterCommIT BV (“InterCommIT”), a provider of business-to-business integration-as-a-service. InterCommIT is a SaaS provider of electronic data management services that enable its clients to seamlessly exchange data electronically. The total purchase price for the acquisition was $13.6 million in cash, net of cash acquired. We also incurred acquisition-related costs, primarily for advisory services, of $0.6 million included in other charges in our consolidated statements of operations in 2012. The gross contractual amount of trade accounts receivable acquired was $1.2 million with a fair value of $1.2 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected is nil. | |||||||||||||||||
On June 10, 2011, we acquired all outstanding shares of privately-held Telargo Inc. (“Telargo”), a provider of telematics solutions. Telargo is a SaaS provider of mobile resource management applications (“MRM”) telematics solutions that enable its clients to monitor and manage mobile assets and help fleet owners comply with various transportation regulations. The total purchase price for the acquisition was $9.3 million, including $5.0 million in cash, net of cash acquired, and $4.3 million to repay financial liabilities. We also incurred acquisition-related costs, primarily for advisory services, of $0.5 million included in other charges in our consolidated statements of operations in 2012. The gross contractual amount of trade accounts receivable acquired was $2.3 million with a fair value of $1.1 million at the date of acquisition. Our acquisition date estimate of contractual cash flows not expected to be collected is $1.2 million. | |||||||||||||||||
The final purchase price allocations for businesses we acquired during fiscal 2012 are as follows: | |||||||||||||||||
GeoMicro | InterCommIT | Telargo | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Telargo ($201), InterCommIT ($829) and GeoMicro ($152) | 2,674 | 13,605 | 5,002 | 21,281 | |||||||||||||
Net working capital adjustments receivable | (4 | ) | (38 | ) | (829 | ) | (871 | ) | |||||||||
2,670 | 13,567 | 4,173 | 20,410 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets | 194 | 1,309 | 1,606 | 3,109 | |||||||||||||
Capital assets | 29 | 87 | 381 | 497 | |||||||||||||
Deferred income tax assets | 715 | 4 | 2,344 | 3,063 | |||||||||||||
Current liabilities | (672 | ) | (510 | ) | (3,045 | ) | (4,227 | ) | |||||||||
Deferred revenue | (559 | ) | (410 | ) | (893 | ) | (1,862 | ) | |||||||||
Deferred income tax liability | (987 | ) | (2,693 | ) | (2,441 | ) | (6,121 | ) | |||||||||
Debt | - | - | - | - | |||||||||||||
Other long term liabilities | - | (229 | ) | (4,277 | ) | (4,506 | ) | ||||||||||
Net tangible liabilities assumed | (1,280 | ) | (2,442 | ) | (6,325 | ) | (10,047 | ) | |||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 364 | 2,367 | 427 | 3,158 | |||||||||||||
Existing technology | 1,746 | 7,806 | 5,749 | 15,301 | |||||||||||||
Non-compete covenants | 90 | 193 | - | 283 | |||||||||||||
Trade names | 51 | 273 | - | 324 | |||||||||||||
Goodwill | 1,699 | 5,370 | 4,322 | 11,391 | |||||||||||||
2,670 | 13,567 | 4,173 | 20,410 | ||||||||||||||
No in-process research and development was acquired in these transactions. | |||||||||||||||||
The acquired intangible assets are being amortized over their estimated useful lives as follows: | |||||||||||||||||
GeoMicro | InterCommIT | Telargo | |||||||||||||||
Customer agreements and relationships (in years) | 4 | 7 | 6 | ||||||||||||||
Non-compete covenants (in years) | 5 | 7 | 6 | ||||||||||||||
Existing technology (in years) | 4 | 5 | n/a | ||||||||||||||
Trade names (in years) | 2 | 2 | n/a | ||||||||||||||
The goodwill on the Telargo, InterCommIT and GeoMicro acquisitions arose as a result of the value of their respective assembled workforces and the combined strategic value to our growth plan. The goodwill arising from the Telargo, InterCommIT and GeoMicro acquisitions is not deductible for tax purposes. | |||||||||||||||||
The above transactions were accounted for using the acquisition method in accordance with ASC Topic 805, “Business Combinations”. The purchase price allocation in the tables above represents our estimates of the allocations of the purchase price and the fair value of net assets acquired. As part of our process for determining the fair value of the net assets acquired, we have engaged third-party valuation specialists. The valuation of the acquired net assets of Impatex, Compudata and KSD are preliminary as we finalize the net tangible assets and liabilities assumed. The preliminary purchase price may differ from the final purchase price allocation, and these differences may be material. Revisions to the valuation will occur as additional information about the fair value of assets and liabilities becomes available. The final purchase price allocation will be completed within one year from the acquisition date. | |||||||||||||||||
As required by GAAP, the financial information in the table below summarizes selected results of operations on a pro forma basis as if we had acquired Impatex, Compudata and KSD as of the beginning of each of the periods presented. The pro forma results of operations for the Infodis, Exentra, Telargo, InterCommIT and GeoMicro transactions have not been included in the table below as they are not material to our consolidated financial statements. The pro forma results of operations for the IES transaction have not been presented as this disclosure is considered impracticable since IES has not been audited in the past and historic financial statements would not be auditable due to the use of cash based accounting. | |||||||||||||||||
This pro forma information is for information purposes only and does not purport to represent what our results of operations for the periods presented would have been had the acquisitions of Impatex, Compudata and KSD occurred at the beginning of the period indicated, or to project our results of operations for any future period. | |||||||||||||||||
Pro forma results of operations | |||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Revenues | 162,118 | 152,374 | 138,882 | ||||||||||||||
Net income | 9,408 | 16,940 | 12,635 | ||||||||||||||
Earnings per share | |||||||||||||||||
Basic | 0.15 | 0.27 | 0.2 | ||||||||||||||
Diluted | 0.15 | 0.27 | 0.2 | ||||||||||||||
During fiscal 2013 $0.6 million was paid relating to the earn-out adjustment from the fiscal 2008 acquisition of Global Freight Exchange Limited. No such amounts were paid during fiscal 2014. | |||||||||||||||||
Note_5_Trade_Receivables
Note 5 - Trade Receivables | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||
Note 5 - Trade Receivables | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Trade receivables | 21,442 | 21,751 | |||||||
Less: Allowance for doubtful accounts | (884 | ) | (1,111 | ) | |||||
20,558 | 20,640 | ||||||||
Bad debt expense was $0.3 million, $0.3 million and $0.3 million for the years ended January 31, 2014, January 31, 2013 and January 31, 2012, respectively. | |||||||||
Note_6_Other_Receivables
Note 6 - Other Receivables | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Other Receivables [Abstract] | ' | ||||||||
Other Receivables [Text Block] | ' | ||||||||
Note 6 - Other Receivables | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Net working capital adjustments receivable from acquisitions | 4,005 | 1,986 | |||||||
Other receivables | 4,440 | 3,669 | |||||||
8,445 | 5,655 | ||||||||
Of the net working capital adjustments receivable from acquisitions, $3.7 million is recoverable from amounts held in escrow related to the respective acquisitions. | |||||||||
Note_7_Inventory
Note 7 -Inventory | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
Note 7 –Inventory | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Finished goods | 1,350 | 812 | |||||||
1,350 | 812 | ||||||||
Finished goods inventory consists of hardware and related parts for mobile asset units held for sale. No provision for excess or obsolete inventories has been recorded for the years ended January 31, 2014 or January 31, 2013. | |||||||||
Note_8_Capital_Assets
Note 8 - Capital Assets | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
Note 8 - Capital Assets | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Cost | |||||||||
Computer equipment and software | 29,460 | 29,592 | |||||||
Furniture and fixtures | 1,369 | 1,538 | |||||||
Leasehold improvements | 1,386 | 1,140 | |||||||
Assets under construction | 157 | 95 | |||||||
32,372 | 32,365 | ||||||||
Accumulated amortization | |||||||||
Computer equipment and software | 21,472 | 20,118 | |||||||
Furniture and fixtures | 1,129 | 1,153 | |||||||
Leasehold improvements | 979 | 858 | |||||||
23,580 | 22,129 | ||||||||
8,792 | 10,236 | ||||||||
Note_9_Intangible_Assets
Note 9 - Intangible Assets | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||
Note 9 - Intangible Assets | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Cost | |||||||||
Customer agreements and relationships | 81,951 | 51,820 | |||||||
Non-compete covenants | 1,884 | 1,867 | |||||||
Existing technology | 76,442 | 66,296 | |||||||
Trade names | 4,093 | 4,164 | |||||||
164,370 | 124,147 | ||||||||
Accumulated amortization | |||||||||
Customer agreements and relationships | 32,101 | 25,936 | |||||||
Non-compete covenants | 1,432 | 1,235 | |||||||
Existing technology | 32,796 | 22,402 | |||||||
Trade names | 3,392 | 3,277 | |||||||
69,721 | 52,850 | ||||||||
94,649 | 71,297 | ||||||||
Intangible assets related to our acquisitions are recorded at their fair value at the acquisition date. During 2014, additions to intangible assets primarily consisted of the acquisitions of Impatex, Compudata and KSD, described in Note 4 to these consolidated financial statements. The balance of the change in intangible assets is due to foreign currency translation. | |||||||||
Intangible assets with a finite life are amortized into income over their useful lives. Amortization expense for existing intangible assets is expected to be $94.6 million over the following periods: $18.3 million for 2015, $15.7 million for 2016, $14.1 million for 2017, $10.0 million for 2018, $8.8 million for 2019, $8.5 million for 2020 and $19.2 million thereafter. Expected future amortization expense is subject to fluctuations in foreign exchange rates. | |||||||||
Note_10_Goodwill
Note 10 - Goodwill | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Goodwill Disclosure [Text Block] | ' | ||||||||
Note 10 - Goodwill | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Balance, beginning of year | 88,297 | 68,005 | |||||||
Acquisition of subsidiaries | |||||||||
Impatex | 3,501 | - | |||||||
Compudata | 8,201 | - | |||||||
KSD | 13,110 | - | |||||||
Infodis | - | 1,339 | |||||||
IES | - | 11,823 | |||||||
Exentra | - | 6,231 | |||||||
Adjustments on account of foreign exchange | (1,930 | ) | 899 | ||||||
Balance, end of year | 111,179 | 88,297 | |||||||
The business acquisitions of Impatex, Compudata, KSD, Infodis, IES and Exentra are described in Note 4 to these consolidated financial statements. | |||||||||
Note_11_Accrued_Liabilities
Note 11 - Accrued Liabilities | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
Note 11 - Accrued Liabilities | |||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Accrued compensation and benefits | 8,346 | 6,989 | |||||||
Accrued professional fees | 1,780 | 1,063 | |||||||
Other accrued liabilities | 6,631 | 4,321 | |||||||
16,757 | 12,373 | ||||||||
Note_12_Debt
Note 12 - Debt | 12 Months Ended | ||||
Jan. 31, 2014 | |||||
Debt Disclosure [Abstract] | ' | ||||
Debt Disclosure [Text Block] | ' | ||||
Note 12 - Debt | |||||
On March 7, 2013, we closed a $50.0 million revolving debt facility with a five year term. The facility is comprised of a $48.0 million revolving facility, with drawn amounts to be repaid in equal quarterly installments over a period of five years from the advance date, and a $2.0 million revolving facility, with no fixed repayment date on drawn amounts prior to the end of the term. Borrowings under the debt facility are secured by a first charge over substantially all of our assets. Depending on the type of advance under the available facilities, interest will be charged on advances at a rate of either i) Canada prime rate or US base rate plus 0% to 1.5%; or ii) LIBOR plus 1.5% to 3%. Undrawn amounts are charged a standby fee of between 0.3% and 0.5%. Interest is payable monthly in arrears. Standby fees are payable quarterly in arrears. The debt facility contains certain customary representations, warranties and guarantees, and covenants. As of January 31, 2014, $40.4 million (CAD $45.1 million) has been borrowed under the debt facility. As at January 31, 2014, interest is charged on the borrowed amount at 3.0%. We are in compliance with the covenants of the debt facility as of January 31, 2014. There was no outstanding debt as of January 31, 2013. | |||||
Future principal payments for our borrowings at January 31, 2014 were as follows: | |||||
Periods Ended January 31, | Total | ||||
2015 | 8,618 | ||||
2016 | 8,618 | ||||
2017 | 8,618 | ||||
2018 | 8,618 | ||||
2019 | 5,933 | ||||
40,405 | |||||
As at January 31, 2014 we have outstanding letters of credit of approximately $0.5 million (EUR 0.2 million and NOK 2.0 million) related to our leased premises ($0.2 million as at January 31, 2013). | |||||
Note_13_Commitments_Contingenc
Note 13 - Commitments, Contingencies and Guarantees | 12 Months Ended | ||||
Jan. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
Note 13 - Commitments, Contingencies and Guarantees | |||||
Commitments | |||||
To facilitate a better understanding of our commitments, the following information is provided in respect of our operating lease obligations: | |||||
Years Ended January 31, | Operating | ||||
Leases | |||||
2015 | 4,664 | ||||
2016 | 3,391 | ||||
2017 | 1,805 | ||||
2018 | 889 | ||||
2019 | 731 | ||||
Thereafter | 146 | ||||
11,626 | |||||
Lease Obligations | |||||
We are committed under non-cancelable operating leases for business premises, computer equipment and vehicles with terms expiring at various dates through 2020. The future minimum amounts payable under these lease agreements are outlined in the chart above. Rental expense from operating leases was $4.8 million, $3.7 million and $3.6 million for the years ended January 31, 2014, January 31, 2013 and January 31, 2012, respectively. | |||||
Other Obligations | |||||
Deferred Share Unit and Cash-Settled Restricted Share Unit Plans | |||||
As described in Note 2 to these consolidated financial statements, we maintain DSU and CRSU plans for our directors and employees. Any payments made pursuant to these plans are settled in cash. For DSUs and CRSUs, the units vest over time and the liability recognized at any given consolidated balance sheet date reflects only those units vested at that date that have not yet been settled in cash. As such, we had an unrecognized aggregate liability for the unvested CRSUs of $1.0 million for which no liability was recorded on our consolidated balance sheet at January 31, 2014, in accordance with ASC Topic 718, “Compensation – Stock Compensation”. As at January 31, 2014 there were no unvested DSUs. The ultimate liability for any payment of DSUs and CRSUs is dependent on the trading price of our common shares. | |||||
Contingencies | |||||
We are subject to a variety of other claims and suits that arise from time to time in the ordinary course of our business. The consequences of these matters are not presently determinable but, in the opinion of management after consulting with legal counsel, the ultimate aggregate liability is not currently expected to have a material effect on our results of operations or financial position. | |||||
Product Warranties | |||||
In the normal course of operations, we provide our customers with product warranties relating to the performance of our hardware, software and network services. To date, we have not encountered material costs as a result of such obligations and have not accrued any liabilities related to such obligations in our unaudited condensed consolidated financial statements. | |||||
Guarantees | |||||
In the normal course of business we enter into a variety of agreements that may contain features that meet the definition of a guarantee under ASC Topic 460, “Guarantees”. The following lists our significant guarantees: | |||||
Intellectual property indemnification obligations | |||||
We provide indemnifications of varying scope to our customers against claims of intellectual property infringement made by third parties arising from the use of our products. In the event of such a claim, we are generally obligated to defend our customers against the claim and we are liable to pay damages and costs assessed against our customers that are payable as part of a final judgment or settlement. These intellectual property infringement indemnification clauses are not generally subject to any dollar limits and remain in force for the term of our license agreement with our customer, which license terms are typically perpetual. To date, we have not encountered material costs as a result of such indemnifications. | |||||
Other indemnification agreements | |||||
In the normal course of operations, we enter into various agreements that provide general indemnifications. These indemnifications typically occur in connection with purchases and sales of assets, securities offerings or buy-backs, service contracts, administration of employee benefit plans, retention of officers and directors, membership agreements and leasing transactions. These indemnifications that we provide require us, in certain circumstances, to compensate the counterparties for various costs resulting from breaches of representations or obligations under such arrangements, or as a result of third party claims that may be suffered by the counterparty as a consequence of the transaction. We believe that the likelihood that we could incur significant liability under these obligations is remote. Historically, we have not made any significant payments under such indemnifications. | |||||
In evaluating estimated losses for the guarantees or indemnities described above, we consider such factors as the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. We are unable to make a reasonable estimate of the maximum potential amount payable under such guarantees or indemnities as many of these arrangements do not specify a maximum potential dollar exposure or time limitation. The amount also depends on the outcome of future events and conditions, which cannot be predicted. Given the foregoing, to date, we have not accrued any liability in our financial statements for the guarantees or indemnities described above. | |||||
Note_14_Share_Capital
Note 14 - Share Capital | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Share Capital [Abstract] | ' | ||||||||||||
Share Capital [Text Block] | ' | ||||||||||||
Note 14 - Share Capital | |||||||||||||
Common Shares Outstanding | |||||||||||||
We are authorized to issue an unlimited number of our common shares, without par value, for unlimited consideration. Our common shares are not redeemable or convertible. | |||||||||||||
(thousands of shares) | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Balance, beginning of year | 62,654 | 62,433 | 61,742 | ||||||||||
Shares issued: | |||||||||||||
Stock options exercised | 991 | 163 | 691 | ||||||||||
Stock options settled for shares (Note 16) | 16 | 58 | - | ||||||||||
Balance, end of year | 63,661 | 62,654 | 62,433 | ||||||||||
Note_15_Earnings_Per_Share
Note 15 - Earnings Per Share | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
Note 15 - Earnings Per Share | |||||||||||||
The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (number of shares in thousands): | |||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Net income for purposes of calculating basic and diluted earnings per share | 9,612 | 15,996 | 12,026 | ||||||||||
Weighted average shares outstanding | 62,841 | 62,556 | 62,218 | ||||||||||
Dilutive effect of employee stock options | 1,258 | 1,279 | 1,182 | ||||||||||
Dilutive effect of restricted and performance share units | 271 | 25 | - | ||||||||||
Weighted average common and common equivalent shares outstanding | 64,370 | 63,860 | 63,400 | ||||||||||
Earnings per share | |||||||||||||
Basic | 0.15 | 0.26 | 0.19 | ||||||||||
Diluted | 0.15 | 0.25 | 0.19 | ||||||||||
For the years ended January 31, 2014, 2013 and 2012, respectively, nil, 40,000 and 15,000 options were excluded from the calculation of diluted EPS as those options had an exercise price greater than or equal to the average market value of our common shares during the applicable periods and their inclusion would have been anti-dilutive. Additionally, for 2014, 2013 and 2012, respectively, the application of the treasury stock method excluded nil, 7,500 and 418,480 options from the calculation of diluted EPS as the assumed proceeds from the unrecognized stock-based compensation expense of such options that are attributed to future service periods made such options anti-dilutive. | |||||||||||||
Note_16_StockBased_Compensatio
Note 16 - Stock-Based Compensation Plans | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||||||||||||
Note 16 - Stock-Based Compensation Plans | ||||||||||||||||||||||||
Total estimated stock-based compensation expense recognized in our consolidated statement of operations was as follows: | ||||||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | |||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||
Cost of revenues | 54 | 56 | 110 | |||||||||||||||||||||
Sales and marketing | 538 | 412 | 251 | |||||||||||||||||||||
Research and development | 12 | 44 | 308 | |||||||||||||||||||||
General and administrative | 1,138 | 766 | 544 | |||||||||||||||||||||
Other charges | 781 | - | - | |||||||||||||||||||||
Effect on net income | 2,523 | 1,278 | 1,213 | |||||||||||||||||||||
For the year ended January 31, 2014 other charges includes stock-based compensation expense of $0.3 million related to a modification of certain PSU grants. Differences between how GAAP and applicable income tax laws treat the amount and timing of recognition of stock-based compensation expense may result in a deferred tax asset. We have recorded a valuation allowance against any such deferred tax asset except for $0.2 million ($0.4 million at January 31, 2013) recognized in the United States. For the year ended January 31, 2014, we realized a tax expense of $0.2 million in connection with stock options exercised (less than $0.1 million in both 2013 and 2012). | ||||||||||||||||||||||||
Stock Options | ||||||||||||||||||||||||
During 2013, we amended our stock option plan agreements to allow for stock options to be surrendered to the Company and settled for cash and/or shares. The Company does not have an obligation to settle outstanding stock options on a cash basis. The cash settlement value is determined using the closing share price for the day preceding the elected settlement date less the exercise price. For the year ended January 31, 2014, 300,000 options were settled for $1.4 million in cash and $0.1 million of common shares were issued from treasury. For the year ended January 31, 2013, 340,840 options were settled for $1.5 million in cash and $0.5 million of common shares were issued from treasury. | ||||||||||||||||||||||||
As of January 31, 2014, we had 1,139,853 stock options granted and outstanding under our shareholder-approved stock option plan and 250,813 remained available for grant. | ||||||||||||||||||||||||
As of January 31, 2014, $0.2 million of total unrecognized compensation costs, net of forfeitures, related to non-vested stock option awards is expected to be recognized over a weighted average period of 1.0 year. The total fair value of stock options vested during 2014 was $0.3 million. | ||||||||||||||||||||||||
No stock options were granted in 2014 and there was one stock option grant in each of 2013 and 2012. Assumptions used in the Black-Scholes model for each grant were as follows: | ||||||||||||||||||||||||
Year Ended | January 31, | January 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Expected dividend yield (%) | - | - | ||||||||||||||||||||||
Expected volatility (%) | 33.2 | 33.6 | ||||||||||||||||||||||
Risk-free rate (%) | 1.2 | 2.4 | ||||||||||||||||||||||
Expected option life (years) | 5 | 5 | ||||||||||||||||||||||
A summary of option activity under all of our plans is presented as follows: | ||||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
Stock Options | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Exercise | Remaining | Value | |||||||||||||||||||||
Price | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 2,510,161 | $ | 4.35 | |||||||||||||||||||||
Exercised | (990,913 | ) | $ | 3.74 | ||||||||||||||||||||
Settled for Cash/ Shares | (300,000 | ) | $ | 4.28 | ||||||||||||||||||||
Forfeited | (62,895 | ) | $ | 6.09 | ||||||||||||||||||||
Expired | (16,500 | ) | $ | 4.11 | ||||||||||||||||||||
Balance at January 31, 2014 | 1,139,853 | $ | 4.39 | 1.9 | 12.5 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 1,096,603 | $ | 4.32 | 1.8 | 12.1 | |||||||||||||||||||
Exercisable at January 31, 2014 | 975,708 | $ | 4.05 | 1.6 | 11.1 | |||||||||||||||||||
The weighted average grant-date fair value of options granted during 2014, 2013 and 2012 was nil, $2.73 and $2.18 per option, respectively. The total intrinsic value of options exercised during 2014, 2013 and 2012 was approximately $9.4 million, $0.7 million and $2.9 million, respectively. The total intrinsic value of options settled during 2014, 2013 and 2012 was approximately $1.5 million, $2.0 million and nil, respectively. | ||||||||||||||||||||||||
Options outstanding and options exercisable as at January 31, 2014 by range of exercise price are as follows: | ||||||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||||||
Range of Exercise Prices | Weighted | Number of | Weighted | Weighted | Number of | |||||||||||||||||||
Average | Stock | Average | Average | Stock | ||||||||||||||||||||
Exercise | Options | Remaining | Exercise | Options | ||||||||||||||||||||
Price | Contractual | Price | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
$2.93 | – | $3.62 | $ | 3.15 | 608,825 | 1.5 | $ | 3.15 | 599,487 | |||||||||||||||
$3.93 | – | $4.00 | $ | 3.93 | 46,300 | 0.8 | $ | 3.93 | 46,300 | |||||||||||||||
$4.73 | – | $6.08 | $ | 5.46 | 437,228 | 2.3 | $ | 5.27 | 317,421 | |||||||||||||||
$6.73 | – | $8.39 | $ | 8.12 | 47,500 | 5.2 | $ | 7.79 | 12,500 | |||||||||||||||
$ | 4.27 | 1,139,853 | 1.9 | $ | 3.94 | 975,708 | ||||||||||||||||||
A summary of the status of our unvested stock options under our shareholder-approved stock option plan as of January 31, 2014 is presented as follows: | ||||||||||||||||||||||||
Number of | Weighted- | |||||||||||||||||||||||
Stock Options | Average Grant- | |||||||||||||||||||||||
Outstanding | Date Fair Value | |||||||||||||||||||||||
per Share | ||||||||||||||||||||||||
Balance at January 31, 2013 | 395,903 | $ | 2.08 | |||||||||||||||||||||
Vested | (168,863 | ) | $ | 2.75 | ||||||||||||||||||||
Forfeited | (62,895 | ) | $ | 2.04 | ||||||||||||||||||||
Balance at January 31, 2014 | 164,145 | $ | 2.21 | |||||||||||||||||||||
Performance Share Units | ||||||||||||||||||||||||
A summary of PSU activity is as follows: | ||||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
PSUs | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Grant Date | Remaining | Value | |||||||||||||||||||||
Fair Value | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 139,071 | $ | 11.9 | |||||||||||||||||||||
Granted | 101,011 | $ | 11.75 | |||||||||||||||||||||
Performance Units Issued on Vesting | 24,253 | $ | 11.67 | |||||||||||||||||||||
Forfeited | (52,907 | ) | $ | 11.71 | ||||||||||||||||||||
Balance at January 31, 2014 | 211,428 | $ | 11.69 | 8.4 | 3.3 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 211,428 | $ | 11.69 | 8.4 | 3.3 | |||||||||||||||||||
Exercisable at January 31, 2014 | 72,760 | $ | 11.67 | 8.2 | 1.1 | |||||||||||||||||||
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the aggregate closing share price of our common shares on January 31, 2014) that would have been received by PSU holders if all PSUs had been vested on January 31, 2014. | ||||||||||||||||||||||||
As of January 31, 2014, $0.9 million of total unrecognized compensation costs related to non-vested awards is expected to be recognized over a weighted average period of 1.4 years. The total fair value of PSUs vested during 2014 was $0.8 million. | ||||||||||||||||||||||||
Restricted Share Units | ||||||||||||||||||||||||
A summary of RSU activity is as follows: | ||||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
RSUs | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Grant Date | Remaining | Value | |||||||||||||||||||||
Fair Value | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 119,799 | $ | 8.8 | |||||||||||||||||||||
Granted | 101,011 | $ | 9.39 | |||||||||||||||||||||
Forfeited | (6,734 | ) | $ | 9.39 | ||||||||||||||||||||
Balance at January 31, 2014 | 214,076 | $ | 8.96 | 8.4 | 3.3 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 214,076 | $ | 8.96 | 8.4 | 3.3 | |||||||||||||||||||
Exercisable at January 31, 2014 | 147,206 | $ | 8.9 | 8.4 | 2.3 | |||||||||||||||||||
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the aggregate closing share price of our common shares on January 31, 2014) that would have been received by RSU holders if all RSUs had been vested on January 31, 2014. | ||||||||||||||||||||||||
As of January 31, 2014, $0.6 million of total unrecognized compensation costs related to non-vested awards is expected to be recognized over a weighted average period of 1.6 years. The total fair value of RSUs vested during 2014 was $1.0 million. | ||||||||||||||||||||||||
Deferred Share Unit Plan | ||||||||||||||||||||||||
A summary of activity under our DSU plan is as follows: | ||||||||||||||||||||||||
Number of | ||||||||||||||||||||||||
DSUs | ||||||||||||||||||||||||
Outstanding | ||||||||||||||||||||||||
Balance at January 31, 2013 | 102,821 | |||||||||||||||||||||||
Granted | 42,482 | |||||||||||||||||||||||
Balance at January 31, 2014 | 145,303 | |||||||||||||||||||||||
As at January 31, 2014, the total number of DSUs held by participating directors was 145,303, representing an aggregate accrued liability of $2.1 million ($1.0 million at January 31, 2013). The fair value of the DSU liability is based on the closing price of our common shares at the balance sheet date. The total compensation cost related to DSUs recognized in our consolidated statements of operations was approximately $1.1 million, $0.1 million and $0.1 million for 2014, 2013 and 2012, respectively. | ||||||||||||||||||||||||
Cash-Settled Restricted Share Unit Plan | ||||||||||||||||||||||||
A summary of activity under our CRSU plan is as follows: | ||||||||||||||||||||||||
Number of | Weighted- | |||||||||||||||||||||||
CRSUs | Average | |||||||||||||||||||||||
Outstanding | Remaining | |||||||||||||||||||||||
Contractual Life | ||||||||||||||||||||||||
(years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 241,489 | |||||||||||||||||||||||
Granted | 135,664 | |||||||||||||||||||||||
Vested and settled in cash | (208,911 | ) | ||||||||||||||||||||||
Forfeited | (15,448 | ) | ||||||||||||||||||||||
Balance at January 31, 2014 | 152,794 | 1.4 | ||||||||||||||||||||||
Vested at January 31, 2014 | 1,320 | - | ||||||||||||||||||||||
Unvested at January 31, 2014 | 151,474 | 1.4 | ||||||||||||||||||||||
We have recognized the compensation cost of the CRSUs ratably over the service/vesting period relating to the grant and have recorded an aggregate accrued liability of $1.2 million at January 31, 2014 ($1.0 million at January 31, 2013). As at January 31, 2014, the unrecognized aggregate liability for the non-vested CRSUs was $1.0 million ($1.3 million at January 31, 2013). The fair value of the CRSU liability is based on the closing price of our common shares at the balance sheet date. The total compensation cost related to CRSUs recognized in our consolidated statements of operations was approximately $1.2 million, $1.3 million and $1.5 million for 2014, 2013 and 2012, respectively. | ||||||||||||||||||||||||
Note_17_Income_Taxes
Note 17 - Income Taxes | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||||||
Note 17 - Income Taxes | |||||||||||||||||||||
Income (loss) before income taxes is earned in the following tax jurisdictions: | |||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Canada | 6,922 | 14,908 | 17,225 | ||||||||||||||||||
United States | 7,841 | 1,529 | 87 | ||||||||||||||||||
Other countries | (1,030 | ) | 784 | (1,922 | ) | ||||||||||||||||
13,733 | 17,221 | 15,390 | |||||||||||||||||||
Income tax expense (recovery) is incurred in the following jurisdictions: | |||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Current income tax expense | |||||||||||||||||||||
Canada | 61 | 478 | 605 | ||||||||||||||||||
United States | 605 | 446 | 295 | ||||||||||||||||||
Other countries | 1,102 | 1,154 | 538 | ||||||||||||||||||
1,768 | 2,078 | 1,438 | |||||||||||||||||||
Deferred income tax expense (recovery) | |||||||||||||||||||||
Canada | 3,827 | 5,177 | 4,230 | ||||||||||||||||||
United States | 2,804 | (833 | ) | (2,515 | ) | ||||||||||||||||
Other countries | (4,278 | ) | (5,197 | ) | 211 | ||||||||||||||||
2,353 | (853 | ) | 1,926 | ||||||||||||||||||
4,121 | 1,225 | 3,364 | |||||||||||||||||||
Current income tax expense was 13% and 12% of income before income taxes in 2014 and 2013, respectively. The increase is primarily attributable to a change in jurisdictions in which revenue is earned. The decrease in current income tax expense in Canada in 2014 compared to 2013 was primarily attributable to changes in our estimated uncertain tax positions. Deferred income tax expense increased in 2014 compared to 2013 primarily due to a release of valuation allowance which decreased income tax expense by $5.3 million in 2013, while only $2.8 million of valuation allowance was released in 2014. | |||||||||||||||||||||
In 2013, our current income tax expense was primarily impacted by $0.8 million increase for certain income incurred in Europe for which no offsetting loss carryforwards are available. Deferred income tax expense decreased in 2013 primarily as a result of change in valuation allowance in the UK which has decreased income tax expense by $5.3 million. This decrease was partially offset by a $1.0 million increase in regards to a change of estimate in the US. | |||||||||||||||||||||
In 2012, our income tax expense was primarily impacted by a change in valuation allowance and other tax estimates in the United States which reduced our deferred income tax expense by $1.8 million, and a change in the valuation allowance in the Netherlands which increased deferred income tax expense by $0.7 million. | |||||||||||||||||||||
The components of the deferred income tax assets and liabilities are as follows: | |||||||||||||||||||||
January 31, | January 31, | ||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Assets | |||||||||||||||||||||
Accruals not currently deductible | 4,312 | 4,355 | |||||||||||||||||||
Accumulated net operating losses | 27,486 | 36,194 | |||||||||||||||||||
Corporate minimum taxes | 1,535 | 1,391 | |||||||||||||||||||
Difference between tax and accounting basis of capital assets | 9,005 | 12,716 | |||||||||||||||||||
Writedown of assets not currently deductible | 1,003 | 1,119 | |||||||||||||||||||
Research and development and other tax credits and expenses | 5,091 | 5,266 | |||||||||||||||||||
Other timing differences | 76 | 419 | |||||||||||||||||||
Total deferred income tax assets | 48,508 | 61,460 | |||||||||||||||||||
Liabilities | |||||||||||||||||||||
Difference between tax and accounting basis of intangible assets | (12,975 | ) | (7,968 | ) | |||||||||||||||||
Uncertain tax positions incurred in loss years | (727 | ) | (915 | ) | |||||||||||||||||
Total deferred income tax liabilities | (13,702 | ) | (8,883 | ) | |||||||||||||||||
Net deferred income taxes | 34,806 | 52,577 | |||||||||||||||||||
Valuation allowance | (15,492 | ) | (21,274 | ) | |||||||||||||||||
Net deferred income taxes, net of valuation allowance | 19,314 | 31,303 | |||||||||||||||||||
Deferred income tax assets – current | 13,508 | 12,978 | |||||||||||||||||||
Deferred income tax assets – non-current | 19,628 | 23,945 | |||||||||||||||||||
Deferred income tax liabilities – non-current | (13,822 | ) | (5,620 | ) | |||||||||||||||||
Net deferred income taxes, net of valuation allowance | 19,314 | 31,303 | |||||||||||||||||||
As at January 31, 2014, we had not accrued for foreign withholding taxes and Canadian income taxes applicable to approximately $74.5 million of unremitted earnings of subsidiaries operating outside of Canada. These earnings, which we consider to be invested indefinitely, will become subject to these taxes if and when they are remitted as dividends or if we sell our stock in the subsidiaries. The potential amount of unrecognized deferred Canadian income tax liabilities and foreign withholding and income tax liabilities on the unremitted earnings and foreign exchange gains is not currently practicably determinable. | |||||||||||||||||||||
The provision (recovery) for income taxes varies from the expected provision at the statutory rates for the reasons detailed in the table below: | |||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Net income before taxes | 13,733 | 17,221 | 15,390 | ||||||||||||||||||
Combined basic Canadian statutory rates | 26.5 | % | 26.5 | % | 28.1 | % | |||||||||||||||
Income tax expense based on the above rates | 3,639 | 4,564 | 4,325 | ||||||||||||||||||
Increase (decrease) in income taxes resulting from: | |||||||||||||||||||||
Permanent differences including amortization of intangibles | 540 | 182 | 586 | ||||||||||||||||||
Effect of differences between Canadian and foreign tax rates | 663 | 165 | (275 | ) | |||||||||||||||||
Effect of rate changes on current year timing differences | 321 | (156 | ) | (228 | ) | ||||||||||||||||
Adjustments in respect to income tax of previous periods | 355 | (503 | ) | (1,242 | ) | ||||||||||||||||
Increases in tax reserves | 239 | 565 | 734 | ||||||||||||||||||
Valuation allowance | (2,707 | ) | (4,070 | ) | (864 | ) | |||||||||||||||
Stock compensation | 481 | 102 | - | ||||||||||||||||||
Other | 590 | 478 | 328 | ||||||||||||||||||
Income tax expense | 4,121 | 1,225 | 3,364 | ||||||||||||||||||
We have income tax loss carryforwards which expire as follows: | |||||||||||||||||||||
Expiry year | Canada | United | EMEA | Asia Pacific | Total | ||||||||||||||||
States | |||||||||||||||||||||
2015 | - | - | - | 614 | 614 | ||||||||||||||||
2016 | - | - | 798 | 342 | 1,140 | ||||||||||||||||
2017 | - | - | - | 173 | 173 | ||||||||||||||||
2018 | - | 1,458 | 609 | 310 | 2,377 | ||||||||||||||||
2019 | - | 2,996 | 485 | - | 3,481 | ||||||||||||||||
Thereafter | 1,295 | 13,401 | 79,470 | 8,850 | 103,016 | ||||||||||||||||
1,295 | 17,855 | 81,362 | 10,289 | 110,801 | |||||||||||||||||
The following is a tabular reconciliation of the total estimated liability associated with uncertain tax positions taken: | |||||||||||||||||||||
January 31, | January 31, | January 31, | |||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Liability, beginning of year | 5,639 | 4,857 | 4,246 | ||||||||||||||||||
Gross increases – prior periods | - | - | 42 | ||||||||||||||||||
Gross increases – current period | 981 | 1,389 | 1,010 | ||||||||||||||||||
Lapsing of statutes of limitations | (409 | ) | (607 | ) | (441 | ) | |||||||||||||||
Liability, end of year | 6,211 | 5,639 | 4,857 | ||||||||||||||||||
We have identified provisions equating to $6.2 million with respect to uncertain tax positions as at January 31, 2014. It is possible that these uncertain tax positions will not be realized in which case up to $4.8 million of the recorded liability will decrease the effective tax rate in future years when this liability is reversed. | |||||||||||||||||||||
Consistent with our historical financial reporting, we recognize accrued interest and penalties related to unrecognized tax positions in general and administrative expense. As at January 31, 2014 and January 31, 2013, the unrecognized tax positions have resulted in no material liability for estimated interest and penalties. | |||||||||||||||||||||
Descartes and our subsidiaries file their tax returns as prescribed by the tax laws of the jurisdictions within which they operate. We are no longer subject to income tax examinations by tax authorities in our major tax jurisdictions as follows: | |||||||||||||||||||||
Years No Longer Subject to | |||||||||||||||||||||
Audit | |||||||||||||||||||||
Tax Jurisdiction | |||||||||||||||||||||
United States Federal | 2010 and prior | ||||||||||||||||||||
Canada | 2007 and prior | ||||||||||||||||||||
United Kingdom | 2010 and prior | ||||||||||||||||||||
Sweden | 2008 and prior | ||||||||||||||||||||
Netherlands | 2008 and prior | ||||||||||||||||||||
Belgium | 2010 and prior | ||||||||||||||||||||
Note_18_Other_Charges
Note 18 - Other Charges | 12 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Other Charges [Abstract] | ' | ||||||||||||||||
Other Charges [Text Block] | ' | ||||||||||||||||
Note 18 - Other Charges | |||||||||||||||||
Other charges are comprised of executive retirement charges, restructuring initiatives which have been undertaken from time to time under various restructuring plans, and acquisition-related costs. Acquisition-related costs primarily include advisory services, brokerage services and administrative costs, and relate to completed and prospective acquisitions. | |||||||||||||||||
Other charges included in our consolidated statements of operations are as follows: | |||||||||||||||||
January 31, | January 31, | January 31, | |||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Executive retirement charges | 3,313 | - | - | ||||||||||||||
Acquisition-related costs | 1,308 | 1,405 | 1,599 | ||||||||||||||
Fiscal 2014 restructuring plan | 1,904 | - | - | ||||||||||||||
Prior years’ restructuring plans | (13 | ) | 959 | 532 | |||||||||||||
6,512 | 2,364 | 2,131 | |||||||||||||||
Executive Retirement Charges | |||||||||||||||||
In the fourth quarter of 2014, we expensed $3.3 million related to the retirement of the former Chairman and CEO. At January 31, 2014, $2.0 million remains payable relating to this charge. | |||||||||||||||||
Fiscal 2014 Restructuring Plan | |||||||||||||||||
In the second quarter of 2014, management approved and began to implement the fiscal 2014 restructuring plan to reduce operating expenses and increase operating margins. To date $1.9 million has been recorded within other charges in conjunction with this restructuring plan. These charges are comprised of workforce reduction charges, office closure costs and network consolidation costs. This plan has expected remaining workforce costs of $0.1 million to be expensed in 2015. | |||||||||||||||||
The following table shows the changes in the restructuring provision for the fiscal 2014 restructuring plan. | |||||||||||||||||
Workforce | Office Closure | Network | Total | ||||||||||||||
Reduction | Costs | Consolidation | |||||||||||||||
Costs | |||||||||||||||||
Balance at January 31, 2013 | - | - | - | - | |||||||||||||
Accruals and adjustments | 1,740 | 145 | 19 | 1,904 | |||||||||||||
Cash draw downs | (1,688 | ) | (49 | ) | (19 | ) | (1,756 | ) | |||||||||
Balance at January 31, 2014 | 52 | 96 | - | 148 | |||||||||||||
Prior Years’ Restructuring Plans | |||||||||||||||||
In prior years, management approved and began to implement certain restructuring plans to reduce operating expenses and increase operating margins. As at January 31, 2014, a balance of less than $0.1 million remains payable related to workforce reduction charges. | |||||||||||||||||
Note_19_Segmented_Information
Note 19 - Segmented Information | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||
Note 19 - Segmented Information | |||||||||||||
We review our operating results, assess our performance, make decisions about resources, and generate discrete financial information at the single enterprise level. Accordingly, we have determined that we operate in one business segment providing logistics technology solutions. The following tables provide our segmented revenue information by geographic location of customer and revenue type: | |||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues | |||||||||||||
United States | 68,877 | 60,420 | 48,602 | ||||||||||
Canada | 14,388 | 14,212 | 15,051 | ||||||||||
Americas, excluding Canada and United States | 1,028 | 1,052 | 1,196 | ||||||||||
Belgium | 14,961 | 15,668 | 19,319 | ||||||||||
Netherlands | 14,475 | 12,370 | 6,031 | ||||||||||
EMEA, excluding Belgium and Netherlands | 33,095 | 16,916 | 18,484 | ||||||||||
Asia Pacific | 4,470 | 6,245 | 5,307 | ||||||||||
151,294 | 126,883 | 113,990 | |||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues | |||||||||||||
Services | 137,795 | 116,822 | 105,645 | ||||||||||
Licenses | 13,499 | 10,061 | 8,345 | ||||||||||
151,294 | 126,883 | 113,990 | |||||||||||
Services revenues are composed of the following: (i) ongoing transactional and/or subscription fees for use of our services and products by our customers; (ii) professional services revenues from consulting, implementation and training services related to our services and products; (iii) maintenance and other related revenues, which include revenues associated with maintenance and support of our services and products; and (iv) hardware revenues. License revenues derive from licenses granted to our customers to use our software products. | |||||||||||||
The following table provides our segmented information by geographic area of operation for our long-lived assets. Long-lived assets represent capital assets, goodwill and intangibles that are attributed to individual geographic segments. | |||||||||||||
January 31, | January 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Total long-lived assets | |||||||||||||
United States | 67,843 | 72,514 | |||||||||||
Canada | 18,437 | 24,249 | |||||||||||
Belgium | 28,048 | 32,840 | |||||||||||
Netherlands | 14,802 | 17,204 | |||||||||||
EMEA, excluding Belgium and Netherlands | 85,490 | 23,023 | |||||||||||
214,620 | 169,830 | ||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |
Jan. 31, 2014 | ||
Accounting Policies [Abstract] | ' | |
Basis of Accounting, Policy [Policy Text Block] | ' | |
Basis of presentation | ||
The accompanying consolidated financial statements are presented in United States (“US”) dollars and are prepared in accordance with generally accepted accounting principles in the US (“GAAP”) and the rules and regulations of the Canadian Securities Administrators and US Securities and Exchange Commission (“SEC”) for the preparation of consolidated financial statements. | ||
Our fiscal year commences on February 1st of each year and ends on January 31st of the following year. Our fiscal year, which ended January 31, 2014, is referred to as the “current fiscal year,” “fiscal 2014,” “2014” or using similar words. Our fiscal year, which ended January 31, 2013, is referred to as the “previous fiscal year,” “fiscal 2013,” “2013” or using similar words. Other fiscal years are referenced by the applicable year during which the fiscal year ends. For example, “2015” refers to the annual period ending January 31, 2015 and the “fourth quarter of 2015” refers to the quarter ending January 31, 2015. | ||
We have reclassified certain immaterial items in the consolidated financial statements and the notes to conform to the current presentation. | ||
Consolidation, Policy [Policy Text Block] | ' | |
Basis of consolidation | ||
The consolidated financial statements include the financial statements of Descartes and our wholly-owned subsidiaries. We do not have any variable interests in variable interest entities. All intercompany accounts and transactions have been eliminated during consolidation. | ||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
Financial instruments | ||
Fair value of financial instruments | ||
Financial instruments are comprised of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, income taxes payable and debt. The estimated fair values of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities and income taxes payable are approximate to their book values due to the short-term nature of these instruments. The estimated fair value of debt is approximate to its book value as the interest rates offered under our revolving debt facility are close to market rates for debt of the same remaining maturities. | ||
Foreign exchange risk | ||
We are exposed to foreign exchange risk because a higher proportion of our revenues are denominated in US dollars relative to expenditures. Accordingly, our results are affected, and may be affected in the future, by exchange rate fluctuations of the US dollar relative to the Canadian dollar, euro and various other foreign currencies. | ||
Interest rate risk | ||
We are exposed to interest rate fluctuations to the extent that we borrow on our revolving debt facility, which depending on the type of advance under the available facilities, interest will be charged based on either i) Canada prime rate or US base rate; or ii) LIBOR. As of January 31, 2014, $40.4 million is outstanding under the revolving debt facility with interest charged subject to the Canadian prime rate. | ||
We are also exposed to reductions in interest rates, which could adversely impact expected returns from our investment of corporate funds in interest bearing bank accounts. | ||
Credit risk | ||
We are exposed to credit risk through our invested cash, cash equivalents and accounts receivable. We hold our cash and cash equivalents with reputable financial institutions. The lack of concentration of accounts receivable from a single customer and the dispersion of customers among industries and geographical locations mitigate this risk. | ||
We do not use any type of speculative financial instruments, including but not limited to foreign exchange contracts, futures, swaps and option agreements, to manage our foreign exchange or interest rate risks. In addition, we do not hold or issue financial instruments for trading purposes. | ||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | |
Foreign currency translation | ||
The US dollar is the presentation currency of the Company. Assets and liabilities are translated into US dollars at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated into US dollars using daily exchange rates. Translation adjustments resulting from this process are accumulated in other comprehensive income (loss) as a separate component of shareholders’ equity. On substantial liquidation of a foreign operation, the component of other comprehensive income relating to that particular foreign operation is recognized in the consolidated statements of operations. | ||
The functional currency of each of our entities is the local currency in which they operate. Transactions incurred in currencies other than the local currency of an entity are converted to the local currency at the transaction date. Monetary assets and liabilities denominated in foreign currencies are re-measured into the local currency at the exchange rate in effect at the balance sheet date. All foreign currency re-measurement gains and losses are included in net income. For the year ended January 31, 2014, foreign currency re-measurement losses of $0.2 million were included in net income (January 31, 2013 - $0.2 million; January 31, 2012 - nil). | ||
Use of Estimates, Policy [Policy Text Block] | ' | |
Use of estimates | ||
Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying note disclosures. Although these estimates and assumptions are based on management’s best knowledge of current events, actual results may be different from the estimates. Estimates and assumptions are used when accounting for items such as allocations of the purchase price and the fair value of net assets acquired in business combination transactions, useful lives of intangible assets and capital assets, allowance for doubtful accounts, collectability of other receivables, provisions for excess or obsolete inventory, restructuring accruals, revenue related estimates including vendor-specific objective evidence (“VSOE”) of selling price and best estimate of selling price (“BESP”), fair value of stock-based compensation, assumptions embodied in the valuation of assets for impairment assessment, valuation allowances for deferred income tax assets, uncertain tax positions and recognition of contingencies. | ||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |
Cash and cash equivalents | ||
Cash and cash equivalents include highly liquid short-term deposits with original maturities of three months or less. | ||
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block] | ' | |
Allowance for doubtful accounts | ||
We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make their required payments. Specifically, we consider the age of the receivables, customers’ payment history, historical write-offs, the creditworthiness of the customer, and current economic trends among other factors. Accounts receivable are written off, and the associated allowance is eliminated, if it is determined that the specific balance is no longer collectible. | ||
Inventory, Policy [Policy Text Block] | ' | |
Inventory | ||
Finished goods inventories are stated at the lower of cost and market value. Market value is the current replacement cost of the inventory. The cost of finished goods is determined on the basis of average cost of units. | ||
The valuation of inventory, including the determination of obsolete or excess inventory, requires management to estimate the future demand for our products within specified time horizons. We perform an assessment of inventory which includes a review of, among other factors, demand requirements, product life cycle and development plans, product pricing and quality issues. If the demand for our products indicates we are no longer able to sell inventories above cost or at all, we write down inventory to net realizable value or excess inventory is written off. | ||
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | ' | |
Impairment of long-lived assets | ||
We test long-lived assets, such as capital assets and finite life intangible assets, for recoverability when events or changes in circumstances indicate that there may be an impairment. An impairment loss is recognized when the estimate of undiscounted future cash flows generated by such assets is less than the carrying amount. Measurement of the impairment loss is based on the present value of the expected future cash flows. No impairment of long-lived assets has been identified or recorded in our consolidated statements of operations for any of the fiscal years presented. | ||
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' | |
Goodwill and intangible assets | ||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill is not subject to amortization. | ||
We test for impairment of goodwill at least annually during our third quarter of each year and at any other time if any event occurs or circumstances change that would more likely than not reduce our enterprise value below our carrying amount. Our operations are analyzed by management and our chief operating decision maker as being part of a single industry segment providing logistics technology solutions. Accordingly, our goodwill impairment assessment is based on the allocation of goodwill to a single reporting unit. Our annual goodwill impairment testing during our third quarter of 2014 indicated no evidence of impairment and the fair value of our reporting unit was in excess of its carrying value. As a result, no impairment of goodwill was recorded in fiscal 2014. | ||
We perform further quarterly analysis of whether any event has occurred that would more likely than not reduce our enterprise value below our carrying amounts and, if so, we perform a goodwill impairment test between the annual dates. Any impairment adjustment is recognized as an expense in the period that the adjustment is identified. | ||
Intangible assets related to our acquisitions are recorded at their fair value at the acquisition date. Intangible assets include customer agreements and relationships, non-compete covenants, existing technologies and trade names. Intangible assets are amortized on a straight-line basis over their estimated useful lives. We write down intangible assets with a finite life to fair value when the related undiscounted cash flows are not expected to allow for recovery of the carrying value. Fair value of intangibles is determined by discounting the expected related future cash flows. | ||
Amortization of our intangible assets is generally recorded at the following rates: | ||
Customer agreements and relationships | Straight-line over four to twenty years | |
Non-compete covenants | Straight-line over two to seven years | |
Existing technologies | Straight-line over three to twelve years | |
Trade names | Straight-line over one to fifteen years | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |
Capital assets | ||
Capital assets are recorded at cost. Depreciation of our capital assets is generally recorded at the following rates: | ||
Computer equipment and software | 30% declining balance | |
Furniture and fixtures | 20% declining balance | |
Leasehold improvements | Straight-line over lesser of useful life or term of lease | |
Revenue Recognition, Policy [Policy Text Block] | ' | |
Revenue recognition | ||
We recognize revenue when it is realized or realizable and earned. We consider revenue realized or realizable and earned when there exists persuasive evidence of an arrangement, the product has been delivered or the services have been provided to the customer, the sales price is fixed or determinable and collectability is reasonably assured. All revenue is recognized net of any related sales taxes. In addition to this general policy, the specific revenue recognition policies for each major category of revenue are included below. | ||
Services Revenues - Services revenues are principally comprised of the following: (i) ongoing transactional fees for use of our services and products by our customers, which are recognized as the transactions occur; (ii) professional services revenues from consulting, implementation and training services related to our services and products, which are recognized as the services are performed; (iii) maintenance, subscription and other related revenues, including revenues associated with maintenance and support of our services and products, which are recognized ratably over the subscription period; and (iv) hardware revenues, which are recognized when hardware is shipped. | ||
License Revenues - License revenues are derived from perpetual licenses granted to our customers to use our software products. | ||
We enter into arrangements from time to time that may consist of multiple deliverables which may include any combination of services and software licenses. Our typical multiple-element arrangements involve: (i) software with maintenance support services, (ii) professional services with one time set-up fees and (iii) hardware with services. For any arrangements involving multiple deliverables involving non-software elements (hardware, one time set-up fees, professional services, subscription, etc.) the consideration from the arrangement is allocated to each respective element based on its relative selling price, using VSOE of selling price. In instances when we are unable to establish the selling price using VSOE, we attempt to establish selling price of each element based on acceptable third party evidence of selling price (“TPE”); however we are generally unable to reliably determine the selling price of similar competitor products or services on a stand-alone basis. In these instances, we use our BESP in our allocation of the arrangement consideration. The objective of BESP is to determine the price at which we would transact a sale if the product or service was sold on a stand-alone basis. We determine BESP for each specific element in a multiple element arrangement considering multiple factors including, but not limited to, market conditions, competitive landscape, internal costs, gross margin objectives and pricing practices. | ||
For arrangements involving multiple deliverables of software with maintenance support services, the revenue is recognized based on Accounting Standard Codification (“ASC”) Subtopic 985-605 “Software: Revenue Recognition”. If we are unable to determine VSOE of fair value for all of the deliverables of the arrangement, but are able to obtain VSOE of fair value for all the undelivered elements, revenue is allocated using the residual method. Under the residual method, the amount of revenue allocated to the delivered elements equals the total arrangement consideration less the aggregate fair value of any undelivered elements. If VSOE of fair value of any undelivered software items does not exist, revenue from the entire arrangement is initially deferred and recognized at the earlier of: (i) delivery of those elements for which VSOE of fair value did not exist; or (ii) when VSOE of fair value can be established. | ||
Research, Development, and Computer Software, Policy [Policy Text Block] | ' | |
Research and development costs | ||
To date, we have not capitalized any costs related to research and development of our computer software products. Costs incurred between the dates that the product is considered to be technologically feasible and is considered to be ready for general release to customers have historically been expensed as they have not been significant. | ||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |
Stock-based compensation plans | ||
Stock Options | ||
We maintain stock option plans for directors, officers, employees and other service providers. Options to purchase our common shares are granted at an exercise price equal to the fair market value of our common shares. This fair market value is determined using the closing price of our common shares on the TSX on the day immediately preceding the date of the grant. | ||
Employee stock options generally vest over a five-year period starting from the grant date and expire seven years from the grant date. Directors’ and officers’ stock options generally have quarterly vesting over a three- to five-year period. We issue new shares from treasury upon the exercise of a stock option. | ||
The fair value of employee stock option grants that are ultimately expected to vest are amortized to expense in our consolidated statement of operations based on the straight-line attribution method. The fair value of stock option grants is calculated using the Black-Scholes Merton option-pricing model. Expected volatility is based on historical volatility of our common stock and other factors. The risk-free interest rates are based on Government of Canada average bond yields for a period consistent with the expected life of the option in effect at the time of the grant. The expected option life is based on the historical life of our granted options and other factors. | ||
Performance Share Units | ||
Our board of directors adopted a performance share unit plan effective as of April 30, 2012, pursuant to which certain of our employees are eligible to receive grants of performance share units (“PSUs”). PSUs vest at the end of a three-year performance period. The ultimate number of PSUs that vest is based on the total shareholder return (“TSR”) of our Company relative to the TSR of companies comprising a peer index group. TSR is calculated based on the weighted-average closing price of shares for the five trading days preceding the beginning and end of the performance period. The fair value of PSUs is expensed to stock-based compensation expense over the vesting period. PSUs expire ten years from the grant date. New shares are issued from treasury upon the redemption of a PSU. | ||
PSUs are measured at fair value estimated using a Monte Carlo Simulation approach. Expected volatility is based on historical volatility of our common stock and other factors. The risk-free interest rates are based on the Government of Canada average bond yields for a period consistent with the expected life of PSUs at the time of the grant. The expected PSU life is based on the historical life of our stock options and other factors. | ||
Restricted Share Units | ||
Our board of directors adopted a restricted share unit plan effective as of April 30, 2012, pursuant to which certain of our employees are eligible to receive grants of restricted share units (“RSUs”). RSUs vest annually over a three-year period starting from the grant date and expire ten years from the grant date. We issue new shares from treasury upon the redemption of an RSU. | ||
RSUs are measured at fair value based on the closing price of our common shares for the day preceding the date of the grant and will be expensed to stock-based compensation expense over the vesting period. | ||
Deferred Share Unit Plan | ||
Our board of directors adopted a deferred share unit plan effective as of June 28, 2004, pursuant to which non-employee directors are eligible to receive grants of deferred share units (“DSUs”), each of which has an initial value equal to the weighted-average closing price of our common shares for the five trading days preceding the grant date. The plan allows each director to choose to receive, in the form of DSUs, all, none or a percentage of the eligible director’s fees which would otherwise be payable in cash. If a director has invested less than the minimum amount of equity in Descartes, as prescribed from time to time by the board of directors then the director must take at least 50% of the base annual fee for serving as a director (currently $35,000) in the form of DSUs. Each DSU fully vests upon award but is distributed only when the director ceases to be a member of the board of directors. Vested units are settled in cash based on our common share price when conversion takes place. | ||
Cash-Settled Restricted Share Unit Plan | ||
Our board of directors adopted a cash-settled restricted share unit plan effective as of May 23, 2007, pursuant to which certain of our employees and outside directors are eligible to receive grants of cash-settled restricted share units (“CRSUs”), each of which has an initial value equal to the weighted-average closing price of our common shares for the five trading days preceding the date of the grant. The CRSUs generally vest based on continued employment and have annual vesting over three- to five-year periods. Vested units are settled in cash based on our common share price when conversion takes place, which is within 30 days following a vesting date and in any event prior to December 31st of the calendar year of a vesting date. | ||
Income Tax, Policy [Policy Text Block] | ' | |
Income taxes | ||
We use the liability method of income tax allocation to account for income taxes. Deferred tax assets and liabilities arise from temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements that will result in taxable or deductible amounts in future years. These temporary differences are measured using enacted tax rates. A valuation allowance is recorded to reduce deferred tax assets to the extent that we consider it is more likely than not that a deferred tax asset will not be realized. In determining the valuation allowance, we consider factors such as the reversal of deferred income tax liabilities, projected taxable income, our history of losses for tax purposes, and the character of income tax assets and tax planning strategies. A change to these factors could impact the estimated valuation allowance and income tax expense. | ||
We evaluate our uncertain tax positions by using a two-step approach to recognizing and measuring uncertain tax positions and provisions for income taxes. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not, based solely on the technical merits, that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the appropriate amount of the benefit to recognize. The amount of benefit to recognize is measured as the maximum amount which is more likely than not to be realized. The tax position is derecognized when it is no longer more likely than not that the position will be sustained on audit. We continually assesses the likelihood and amount of potential adjustments and adjust the income tax provisions, income taxes payable and deferred income taxes in the period in which the facts that give rise to a revision become known. | ||
Earnings Per Share, Policy [Policy Text Block] | ' | |
Earnings per share | ||
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated by dividing net income by the sum of the weighted average number of common shares outstanding and all additional common shares that would have been outstanding if potentially dilutive common shares had been issued during the period. The treasury stock method is used to compute the dilutive effect of stock-based compensation. | ||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |
Recently adopted accounting pronouncements | ||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2013-02, “Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component, including presentation of amounts reclassified on the face of the financial statements where net income is presented or in the notes. ASU 2013-02 is effective for condensed and annual periods beginning after December 15, 2012, which is our fiscal year beginning February 1, 2013. The adoption of this amendment has not had a material impact on our results of operations or disclosures. | ||
Recently issued accounting pronouncements not yet adopted | ||
In March 2013, the FASB issued ASU 2013-05, “Foreign Currency Matters” (“ASU 2013-05”). ASU 2013-05 provides clarification on the accounting treatment of currency translation adjustment for entities that cease to have a controlling financial interest in a foreign subsidiary. ASU 2013-05 is effective for condensed and annual periods beginning after December 15, 2013, which is our fiscal year beginning February 1, 2014. The adoption of this amendment is not expected to have a material impact on our results of operations or disclosures. | ||
In July 2013, the FASB issued ASU 2013-11, “Income Taxes” (“ASU 2013-11”). ASU 2013-11 provides clarification on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 is effective for quarterly and annual periods beginning after December 15, 2013, which is our fiscal year beginning February 1, 2014. The adoption of this amendment is not expected to have a material impact on our results of operations or disclosures. |
Note_3_Revision_of_Previously_1
Note 3 - Revision of Previously Issued Financial Statements (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Accounting Changes and Error Corrections [Abstract] | ' | ||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||||||
As Reported | Revision | As Revised | |||||||||||
Deferred income taxes | 23,945 | 1,197 | 25,142 | ||||||||||
Total assets | 274,910 | 1,197 | 276,107 | ||||||||||
Accumulated deficit | (308,733 | ) | 1,197 | (307,536 | ) | ||||||||
Total shareholders’ equity | 237,042 | 1,197 | 238,239 | ||||||||||
As Reported | Revision | As Revised | |||||||||||
Accumulated deficit | |||||||||||||
Balance, as at February 1, 2011 | (336,755 | ) | 1,197 | (335,558 | ) | ||||||||
Balance, as at February 1, 2012 | (324,729 | ) | 1,197 | (323,532 | ) | ||||||||
Balance, as at January 31, 2013 | (308,733 | ) | 1,197 | (307,536 | ) | ||||||||
Total shareholders’ equity | |||||||||||||
Balance, as at January 31, 2012 | 218,556 | 1,197 | 219,753 | ||||||||||
Balance, as at January 31, 2013 | 237,042 | 1,197 | 238,239 |
Note_4_Acquisitions_Tables
Note 4 - Acquisitions (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||||||||||||||
Impatex | Compudata | KSD | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | 8,175 | 18,143 | 32,419 | 58,737 | |||||||||||||
Net working capital adjustments receivable | (182 | ) | (79 | ) | (2,874 | ) | (3,135 | ) | |||||||||
7,993 | 18,064 | 29,545 | 55,602 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets, excluding cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | 526 | 1,775 | 4,301 | 6,602 | |||||||||||||
Capital assets | 109 | 24 | 67 | 200 | |||||||||||||
Deferred income tax assets | 11 | - | 863 | 874 | |||||||||||||
Current liabilities | (275 | ) | (923 | ) | (3,941 | ) | (5,139 | ) | |||||||||
Deferred revenue | (441 | ) | (22 | ) | (3,004 | ) | (3,467 | ) | |||||||||
Deferred income tax liability | (1,140 | ) | (2,924 | ) | (6,757 | ) | (10,821 | ) | |||||||||
Debt | - | - | (894 | ) | (894 | ) | |||||||||||
Other long term liabilities | - | - | - | - | |||||||||||||
Net tangible liabilities assumed | (1,210 | ) | (2,070 | ) | (9,365 | ) | (12,645 | ) | |||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 2,495 | 11,910 | 17,500 | 31,905 | |||||||||||||
Existing technology | 3,207 | - | 8,300 | 11,507 | |||||||||||||
Non-compete covenants | - | 23 | - | 23 | |||||||||||||
Trade names | - | - | - | - | |||||||||||||
Goodwill | 3,501 | 8,201 | 13,110 | 24,812 | |||||||||||||
7,993 | 18,064 | 29,545 | 55,602 | ||||||||||||||
Exentra | IES | Infodis | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Infodis ($375), IES (nil) and Exentra ($663) | 16,559 | 33,909 | 3,687 | 54,155 | |||||||||||||
Net working capital adjustments receivable | (27 | ) | 12 | 2 | (13 | ) | |||||||||||
16,532 | 33,921 | 3,689 | 54,142 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets, excluding cash acquired related to Infodis ($375) IES (nil) and Exentra ($663) | 883 | 767 | 831 | 2,481 | |||||||||||||
Capital assets | 116 | - | 194 | 310 | |||||||||||||
Deferred income tax assets | - | - | 22 | 22 | |||||||||||||
Current liabilities | (1,008 | ) | (184 | ) | (386 | ) | (1,578 | ) | |||||||||
Deferred revenue | (26 | ) | (901 | ) | - | (927 | ) | ||||||||||
Deferred income tax liability | (3,112 | ) | - | (565 | ) | (3,677 | ) | ||||||||||
Debt | - | - | - | - | |||||||||||||
Other long term liabilities | - | - | - | - | |||||||||||||
Net tangible (liabilities) assets assumed | (3,147 | ) | (318 | ) | 96 | (3,369 | ) | ||||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 2,621 | 6,941 | 834 | 10,396 | |||||||||||||
Existing technology | 10,827 | 15,236 | 1,420 | 27,483 | |||||||||||||
Non-compete covenants | - | 239 | - | 239 | |||||||||||||
Trade names | - | - | - | - | |||||||||||||
Goodwill | 6,231 | 11,823 | 1,339 | 19,393 | |||||||||||||
16,532 | 33,921 | 3,689 | 54,142 | ||||||||||||||
GeoMicro | InterCommIT | Telargo | Total | ||||||||||||||
Purchase price consideration: | |||||||||||||||||
Cash, less cash acquired related to Telargo ($201), InterCommIT ($829) and GeoMicro ($152) | 2,674 | 13,605 | 5,002 | 21,281 | |||||||||||||
Net working capital adjustments receivable | (4 | ) | (38 | ) | (829 | ) | (871 | ) | |||||||||
2,670 | 13,567 | 4,173 | 20,410 | ||||||||||||||
Allocated to: | |||||||||||||||||
Current assets | 194 | 1,309 | 1,606 | 3,109 | |||||||||||||
Capital assets | 29 | 87 | 381 | 497 | |||||||||||||
Deferred income tax assets | 715 | 4 | 2,344 | 3,063 | |||||||||||||
Current liabilities | (672 | ) | (510 | ) | (3,045 | ) | (4,227 | ) | |||||||||
Deferred revenue | (559 | ) | (410 | ) | (893 | ) | (1,862 | ) | |||||||||
Deferred income tax liability | (987 | ) | (2,693 | ) | (2,441 | ) | (6,121 | ) | |||||||||
Debt | - | - | - | - | |||||||||||||
Other long term liabilities | - | (229 | ) | (4,277 | ) | (4,506 | ) | ||||||||||
Net tangible liabilities assumed | (1,280 | ) | (2,442 | ) | (6,325 | ) | (10,047 | ) | |||||||||
Finite life intangible assets acquired: | |||||||||||||||||
Customer agreements and relationships | 364 | 2,367 | 427 | 3,158 | |||||||||||||
Existing technology | 1,746 | 7,806 | 5,749 | 15,301 | |||||||||||||
Non-compete covenants | 90 | 193 | - | 283 | |||||||||||||
Trade names | 51 | 273 | - | 324 | |||||||||||||
Goodwill | 1,699 | 5,370 | 4,322 | 11,391 | |||||||||||||
2,670 | 13,567 | 4,173 | 20,410 | ||||||||||||||
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | ' | ||||||||||||||||
Impatex | Compudata | KSD | |||||||||||||||
Customer agreements and relationships (in years) | 10 | 9 | 12 | ||||||||||||||
Non-compete covenants (in years) | N/A | 3 | N/A | ||||||||||||||
Existing technology (in years) | 8 | N/A | 8 | ||||||||||||||
Trade names (in years) | - | - | - | ||||||||||||||
Exentra | IES | Infodis | |||||||||||||||
Customer agreements and relationships (in years) | 12 | 10 | 6 | ||||||||||||||
Non-compete covenants (in years) | N/A | 5 | N/A | ||||||||||||||
Existing technology (in years) | 10 | 8 | 5 | ||||||||||||||
Trade names (in years) | - | - | - | ||||||||||||||
GeoMicro | InterCommIT | Telargo | |||||||||||||||
Customer agreements and relationships (in years) | 4 | 7 | 6 | ||||||||||||||
Non-compete covenants (in years) | 5 | 7 | 6 | ||||||||||||||
Existing technology (in years) | 4 | 5 | n/a | ||||||||||||||
Trade names (in years) | 2 | 2 | n/a | ||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Revenues | 162,118 | 152,374 | 138,882 | ||||||||||||||
Net income | 9,408 | 16,940 | 12,635 | ||||||||||||||
Earnings per share | |||||||||||||||||
Basic | 0.15 | 0.27 | 0.2 | ||||||||||||||
Diluted | 0.15 | 0.27 | 0.2 |
Note_5_Trade_Receivables_Table
Note 5 - Trade Receivables (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Trade receivables | 21,442 | 21,751 | |||||||
Less: Allowance for doubtful accounts | (884 | ) | (1,111 | ) | |||||
20,558 | 20,640 |
Note_6_Other_Receivables_Table
Note 6 - Other Receivables (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Other Receivables [Abstract] | ' | ||||||||
Other Receivables [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Net working capital adjustments receivable from acquisitions | 4,005 | 1,986 | |||||||
Other receivables | 4,440 | 3,669 | |||||||
8,445 | 5,655 |
Note_7_Inventory_Tables
Note 7 -Inventory (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Finished goods | 1,350 | 812 | |||||||
1,350 | 812 |
Note_8_Capital_Assets_Tables
Note 8 - Capital Assets (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Cost | |||||||||
Computer equipment and software | 29,460 | 29,592 | |||||||
Furniture and fixtures | 1,369 | 1,538 | |||||||
Leasehold improvements | 1,386 | 1,140 | |||||||
Assets under construction | 157 | 95 | |||||||
32,372 | 32,365 | ||||||||
Accumulated amortization | |||||||||
Computer equipment and software | 21,472 | 20,118 | |||||||
Furniture and fixtures | 1,129 | 1,153 | |||||||
Leasehold improvements | 979 | 858 | |||||||
23,580 | 22,129 | ||||||||
8,792 | 10,236 |
Note_9_Intangible_Assets_Table
Note 9 - Intangible Assets (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Cost | |||||||||
Customer agreements and relationships | 81,951 | 51,820 | |||||||
Non-compete covenants | 1,884 | 1,867 | |||||||
Existing technology | 76,442 | 66,296 | |||||||
Trade names | 4,093 | 4,164 | |||||||
164,370 | 124,147 | ||||||||
Accumulated amortization | |||||||||
Customer agreements and relationships | 32,101 | 25,936 | |||||||
Non-compete covenants | 1,432 | 1,235 | |||||||
Existing technology | 32,796 | 22,402 | |||||||
Trade names | 3,392 | 3,277 | |||||||
69,721 | 52,850 | ||||||||
94,649 | 71,297 |
Note_10_Goodwill_Tables
Note 10 - Goodwill (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Balance, beginning of year | 88,297 | 68,005 | |||||||
Acquisition of subsidiaries | |||||||||
Impatex | 3,501 | - | |||||||
Compudata | 8,201 | - | |||||||
KSD | 13,110 | - | |||||||
Infodis | - | 1,339 | |||||||
IES | - | 11,823 | |||||||
Exentra | - | 6,231 | |||||||
Adjustments on account of foreign exchange | (1,930 | ) | 899 | ||||||
Balance, end of year | 111,179 | 88,297 |
Note_11_Accrued_Liabilities_Ta
Note 11 - Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Jan. 31, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
January 31, | January 31, | ||||||||
2014 | 2013 | ||||||||
Accrued compensation and benefits | 8,346 | 6,989 | |||||||
Accrued professional fees | 1,780 | 1,063 | |||||||
Other accrued liabilities | 6,631 | 4,321 | |||||||
16,757 | 12,373 |
Note_12_Debt_Tables
Note 12 - Debt (Tables) | 12 Months Ended | ||||
Jan. 31, 2014 | |||||
Debt Disclosure [Abstract] | ' | ||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||
Periods Ended January 31, | Total | ||||
2015 | 8,618 | ||||
2016 | 8,618 | ||||
2017 | 8,618 | ||||
2018 | 8,618 | ||||
2019 | 5,933 | ||||
40,405 |
Note_13_Commitments_Contingenc1
Note 13 - Commitments, Contingencies and Guarantees (Tables) | 12 Months Ended | ||||
Jan. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
Years Ended January 31, | Operating | ||||
Leases | |||||
2015 | 4,664 | ||||
2016 | 3,391 | ||||
2017 | 1,805 | ||||
2018 | 889 | ||||
2019 | 731 | ||||
Thereafter | 146 | ||||
11,626 |
Note_14_Share_Capital_Tables
Note 14 - Share Capital (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Share Capital [Abstract] | ' | ||||||||||||
Schedule of Common Stock Outstanding Roll Forward [Table Text Block] | ' | ||||||||||||
(thousands of shares) | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Balance, beginning of year | 62,654 | 62,433 | 61,742 | ||||||||||
Shares issued: | |||||||||||||
Stock options exercised | 991 | 163 | 691 | ||||||||||
Stock options settled for shares (Note 16) | 16 | 58 | - | ||||||||||
Balance, end of year | 63,661 | 62,654 | 62,433 |
Note_15_Earnings_Per_Share_Tab
Note 15 - Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Net income for purposes of calculating basic and diluted earnings per share | 9,612 | 15,996 | 12,026 | ||||||||||
Weighted average shares outstanding | 62,841 | 62,556 | 62,218 | ||||||||||
Dilutive effect of employee stock options | 1,258 | 1,279 | 1,182 | ||||||||||
Dilutive effect of restricted and performance share units | 271 | 25 | - | ||||||||||
Weighted average common and common equivalent shares outstanding | 64,370 | 63,860 | 63,400 | ||||||||||
Earnings per share | |||||||||||||
Basic | 0.15 | 0.26 | 0.19 | ||||||||||
Diluted | 0.15 | 0.25 | 0.19 |
Note_16_StockBased_Compensatio1
Note 16 - Stock-Based Compensation Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||
Jan. 31, 2014 | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | |||||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | |||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||||||
Cost of revenues | 54 | 56 | 110 | |||||||||||||||||||||
Sales and marketing | 538 | 412 | 251 | |||||||||||||||||||||
Research and development | 12 | 44 | 308 | |||||||||||||||||||||
General and administrative | 1,138 | 766 | 544 | |||||||||||||||||||||
Other charges | 781 | - | - | |||||||||||||||||||||
Effect on net income | 2,523 | 1,278 | 1,213 | |||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||||||||||||||||||
Year Ended | January 31, | January 31, | ||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Expected dividend yield (%) | - | - | ||||||||||||||||||||||
Expected volatility (%) | 33.2 | 33.6 | ||||||||||||||||||||||
Risk-free rate (%) | 1.2 | 2.4 | ||||||||||||||||||||||
Expected option life (years) | 5 | 5 | ||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
Stock Options | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Exercise | Remaining | Value | |||||||||||||||||||||
Price | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 2,510,161 | $ | 4.35 | |||||||||||||||||||||
Exercised | (990,913 | ) | $ | 3.74 | ||||||||||||||||||||
Settled for Cash/ Shares | (300,000 | ) | $ | 4.28 | ||||||||||||||||||||
Forfeited | (62,895 | ) | $ | 6.09 | ||||||||||||||||||||
Expired | (16,500 | ) | $ | 4.11 | ||||||||||||||||||||
Balance at January 31, 2014 | 1,139,853 | $ | 4.39 | 1.9 | 12.5 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 1,096,603 | $ | 4.32 | 1.8 | 12.1 | |||||||||||||||||||
Exercisable at January 31, 2014 | 975,708 | $ | 4.05 | 1.6 | 11.1 | |||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | |||||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||||||
Range of Exercise Prices | Weighted | Number of | Weighted | Weighted | Number of | |||||||||||||||||||
Average | Stock | Average | Average | Stock | ||||||||||||||||||||
Exercise | Options | Remaining | Exercise | Options | ||||||||||||||||||||
Price | Contractual | Price | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
$2.93 | – | $3.62 | $ | 3.15 | 608,825 | 1.5 | $ | 3.15 | 599,487 | |||||||||||||||
$3.93 | – | $4.00 | $ | 3.93 | 46,300 | 0.8 | $ | 3.93 | 46,300 | |||||||||||||||
$4.73 | – | $6.08 | $ | 5.46 | 437,228 | 2.3 | $ | 5.27 | 317,421 | |||||||||||||||
$6.73 | – | $8.39 | $ | 8.12 | 47,500 | 5.2 | $ | 7.79 | 12,500 | |||||||||||||||
$ | 4.27 | 1,139,853 | 1.9 | $ | 3.94 | 975,708 | ||||||||||||||||||
Schedule of Nonvested Share Activity [Table Text Block] | ' | |||||||||||||||||||||||
Number of | Weighted- | |||||||||||||||||||||||
Stock Options | Average Grant- | |||||||||||||||||||||||
Outstanding | Date Fair Value | |||||||||||||||||||||||
per Share | ||||||||||||||||||||||||
Balance at January 31, 2013 | 395,903 | $ | 2.08 | |||||||||||||||||||||
Vested | (168,863 | ) | $ | 2.75 | ||||||||||||||||||||
Forfeited | (62,895 | ) | $ | 2.04 | ||||||||||||||||||||
Balance at January 31, 2014 | 164,145 | $ | 2.21 | |||||||||||||||||||||
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block] | ' | |||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
PSUs | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Grant Date | Remaining | Value | |||||||||||||||||||||
Fair Value | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 139,071 | $ | 11.9 | |||||||||||||||||||||
Granted | 101,011 | $ | 11.75 | |||||||||||||||||||||
Performance Units Issued on Vesting | 24,253 | $ | 11.67 | |||||||||||||||||||||
Forfeited | (52,907 | ) | $ | 11.71 | ||||||||||||||||||||
Balance at January 31, 2014 | 211,428 | $ | 11.69 | 8.4 | 3.3 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 211,428 | $ | 11.69 | 8.4 | 3.3 | |||||||||||||||||||
Exercisable at January 31, 2014 | 72,760 | $ | 11.67 | 8.2 | 1.1 | |||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||||||||||||||
Number of | Weighted- | Weighted- | Aggregate | |||||||||||||||||||||
RSUs | Average | Average | Intrinsic | |||||||||||||||||||||
Outstanding | Grant Date | Remaining | Value | |||||||||||||||||||||
Fair Value | Contractual | (in millions) | ||||||||||||||||||||||
Life (years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 119,799 | $ | 8.8 | |||||||||||||||||||||
Granted | 101,011 | $ | 9.39 | |||||||||||||||||||||
Forfeited | (6,734 | ) | $ | 9.39 | ||||||||||||||||||||
Balance at January 31, 2014 | 214,076 | $ | 8.96 | 8.4 | 3.3 | |||||||||||||||||||
Vested or expected to vest at January 31, 2014 | 214,076 | $ | 8.96 | 8.4 | 3.3 | |||||||||||||||||||
Exercisable at January 31, 2014 | 147,206 | $ | 8.9 | 8.4 | 2.3 | |||||||||||||||||||
Schedule Of Deferred Share Unit Plan Activity [Table Text Block] | ' | |||||||||||||||||||||||
Number of | ||||||||||||||||||||||||
DSUs | ||||||||||||||||||||||||
Outstanding | ||||||||||||||||||||||||
Balance at January 31, 2013 | 102,821 | |||||||||||||||||||||||
Granted | 42,482 | |||||||||||||||||||||||
Balance at January 31, 2014 | 145,303 | |||||||||||||||||||||||
Schedule Of Cash Settled Restricted Share Unit Plan Activity Table Text Block] | ' | |||||||||||||||||||||||
Number of | Weighted- | |||||||||||||||||||||||
CRSUs | Average | |||||||||||||||||||||||
Outstanding | Remaining | |||||||||||||||||||||||
Contractual Life | ||||||||||||||||||||||||
(years) | ||||||||||||||||||||||||
Balance at January 31, 2013 | 241,489 | |||||||||||||||||||||||
Granted | 135,664 | |||||||||||||||||||||||
Vested and settled in cash | (208,911 | ) | ||||||||||||||||||||||
Forfeited | (15,448 | ) | ||||||||||||||||||||||
Balance at January 31, 2014 | 152,794 | 1.4 | ||||||||||||||||||||||
Vested at January 31, 2014 | 1,320 | - | ||||||||||||||||||||||
Unvested at January 31, 2014 | 151,474 | 1.4 |
Note_17_Income_Taxes_Tables
Note 17 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Canada | 6,922 | 14,908 | 17,225 | ||||||||||||||||||
United States | 7,841 | 1,529 | 87 | ||||||||||||||||||
Other countries | (1,030 | ) | 784 | (1,922 | ) | ||||||||||||||||
13,733 | 17,221 | 15,390 | |||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Current income tax expense | |||||||||||||||||||||
Canada | 61 | 478 | 605 | ||||||||||||||||||
United States | 605 | 446 | 295 | ||||||||||||||||||
Other countries | 1,102 | 1,154 | 538 | ||||||||||||||||||
1,768 | 2,078 | 1,438 | |||||||||||||||||||
Deferred income tax expense (recovery) | |||||||||||||||||||||
Canada | 3,827 | 5,177 | 4,230 | ||||||||||||||||||
United States | 2,804 | (833 | ) | (2,515 | ) | ||||||||||||||||
Other countries | (4,278 | ) | (5,197 | ) | 211 | ||||||||||||||||
2,353 | (853 | ) | 1,926 | ||||||||||||||||||
4,121 | 1,225 | 3,364 | |||||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||||||
January 31, | January 31, | ||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Assets | |||||||||||||||||||||
Accruals not currently deductible | 4,312 | 4,355 | |||||||||||||||||||
Accumulated net operating losses | 27,486 | 36,194 | |||||||||||||||||||
Corporate minimum taxes | 1,535 | 1,391 | |||||||||||||||||||
Difference between tax and accounting basis of capital assets | 9,005 | 12,716 | |||||||||||||||||||
Writedown of assets not currently deductible | 1,003 | 1,119 | |||||||||||||||||||
Research and development and other tax credits and expenses | 5,091 | 5,266 | |||||||||||||||||||
Other timing differences | 76 | 419 | |||||||||||||||||||
Total deferred income tax assets | 48,508 | 61,460 | |||||||||||||||||||
Liabilities | |||||||||||||||||||||
Difference between tax and accounting basis of intangible assets | (12,975 | ) | (7,968 | ) | |||||||||||||||||
Uncertain tax positions incurred in loss years | (727 | ) | (915 | ) | |||||||||||||||||
Total deferred income tax liabilities | (13,702 | ) | (8,883 | ) | |||||||||||||||||
Net deferred income taxes | 34,806 | 52,577 | |||||||||||||||||||
Valuation allowance | (15,492 | ) | (21,274 | ) | |||||||||||||||||
Net deferred income taxes, net of valuation allowance | 19,314 | 31,303 | |||||||||||||||||||
Deferred income tax assets – current | 13,508 | 12,978 | |||||||||||||||||||
Deferred income tax assets – non-current | 19,628 | 23,945 | |||||||||||||||||||
Deferred income tax liabilities – non-current | (13,822 | ) | (5,620 | ) | |||||||||||||||||
Net deferred income taxes, net of valuation allowance | 19,314 | 31,303 | |||||||||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Net income before taxes | 13,733 | 17,221 | 15,390 | ||||||||||||||||||
Combined basic Canadian statutory rates | 26.5 | % | 26.5 | % | 28.1 | % | |||||||||||||||
Income tax expense based on the above rates | 3,639 | 4,564 | 4,325 | ||||||||||||||||||
Increase (decrease) in income taxes resulting from: | |||||||||||||||||||||
Permanent differences including amortization of intangibles | 540 | 182 | 586 | ||||||||||||||||||
Effect of differences between Canadian and foreign tax rates | 663 | 165 | (275 | ) | |||||||||||||||||
Effect of rate changes on current year timing differences | 321 | (156 | ) | (228 | ) | ||||||||||||||||
Adjustments in respect to income tax of previous periods | 355 | (503 | ) | (1,242 | ) | ||||||||||||||||
Increases in tax reserves | 239 | 565 | 734 | ||||||||||||||||||
Valuation allowance | (2,707 | ) | (4,070 | ) | (864 | ) | |||||||||||||||
Stock compensation | 481 | 102 | - | ||||||||||||||||||
Other | 590 | 478 | 328 | ||||||||||||||||||
Income tax expense | 4,121 | 1,225 | 3,364 | ||||||||||||||||||
Summary of Operating Loss Carryforwards [Table Text Block] | ' | ||||||||||||||||||||
Expiry year | Canada | United | EMEA | Asia Pacific | Total | ||||||||||||||||
States | |||||||||||||||||||||
2015 | - | - | - | 614 | 614 | ||||||||||||||||
2016 | - | - | 798 | 342 | 1,140 | ||||||||||||||||
2017 | - | - | - | 173 | 173 | ||||||||||||||||
2018 | - | 1,458 | 609 | 310 | 2,377 | ||||||||||||||||
2019 | - | 2,996 | 485 | - | 3,481 | ||||||||||||||||
Thereafter | 1,295 | 13,401 | 79,470 | 8,850 | 103,016 | ||||||||||||||||
1,295 | 17,855 | 81,362 | 10,289 | 110,801 | |||||||||||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||||||||||
January 31, | January 31, | January 31, | |||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Liability, beginning of year | 5,639 | 4,857 | 4,246 | ||||||||||||||||||
Gross increases – prior periods | - | - | 42 | ||||||||||||||||||
Gross increases – current period | 981 | 1,389 | 1,010 | ||||||||||||||||||
Lapsing of statutes of limitations | (409 | ) | (607 | ) | (441 | ) | |||||||||||||||
Liability, end of year | 6,211 | 5,639 | 4,857 |
Note_18_Other_Charges_Tables
Note 18 - Other Charges (Tables) | 12 Months Ended | ||||||||||||||||
Jan. 31, 2014 | |||||||||||||||||
Other Charges [Abstract] | ' | ||||||||||||||||
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | ' | ||||||||||||||||
January 31, | January 31, | January 31, | |||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Executive retirement charges | 3,313 | - | - | ||||||||||||||
Acquisition-related costs | 1,308 | 1,405 | 1,599 | ||||||||||||||
Fiscal 2014 restructuring plan | 1,904 | - | - | ||||||||||||||
Prior years’ restructuring plans | (13 | ) | 959 | 532 | |||||||||||||
6,512 | 2,364 | 2,131 | |||||||||||||||
Restructuring and Related Costs [Table Text Block] | ' | ||||||||||||||||
Workforce | Office Closure | Network | Total | ||||||||||||||
Reduction | Costs | Consolidation | |||||||||||||||
Costs | |||||||||||||||||
Balance at January 31, 2013 | - | - | - | - | |||||||||||||
Accruals and adjustments | 1,740 | 145 | 19 | 1,904 | |||||||||||||
Cash draw downs | (1,688 | ) | (49 | ) | (19 | ) | (1,756 | ) | |||||||||
Balance at January 31, 2014 | 52 | 96 | - | 148 |
Note_19_Segmented_Information_
Note 19 - Segmented Information (Tables) | 12 Months Ended | ||||||||||||
Jan. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | ' | ||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues | |||||||||||||
United States | 68,877 | 60,420 | 48,602 | ||||||||||
Canada | 14,388 | 14,212 | 15,051 | ||||||||||
Americas, excluding Canada and United States | 1,028 | 1,052 | 1,196 | ||||||||||
Belgium | 14,961 | 15,668 | 19,319 | ||||||||||
Netherlands | 14,475 | 12,370 | 6,031 | ||||||||||
EMEA, excluding Belgium and Netherlands | 33,095 | 16,916 | 18,484 | ||||||||||
Asia Pacific | 4,470 | 6,245 | 5,307 | ||||||||||
151,294 | 126,883 | 113,990 | |||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||
Year Ended | January 31, | January 31, | January 31, | ||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues | |||||||||||||
Services | 137,795 | 116,822 | 105,645 | ||||||||||
Licenses | 13,499 | 10,061 | 8,345 | ||||||||||
151,294 | 126,883 | 113,990 | |||||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | ' | ||||||||||||
January 31, | January 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Total long-lived assets | |||||||||||||
United States | 67,843 | 72,514 | |||||||||||
Canada | 18,437 | 24,249 | |||||||||||
Belgium | 28,048 | 32,840 | |||||||||||
Netherlands | 14,802 | 17,204 | |||||||||||
EMEA, excluding Belgium and Netherlands | 85,490 | 23,023 | |||||||||||
214,620 | 169,830 |
Note_2_Significant_Accounting_1
Note 2 - Significant Accounting Policies (Details) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | |
USD ($) | USD ($) | CAD | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Performance Shares [Member] | Restricted Stock Units (RSUs) [Member] | Deferred Share Unit Plan [Member] | Cash-Settled Restricted Share Plan [Member] | Cash-Settled Restricted Share Plan [Member] | Computer Equipment [Member] | Furniture and Fixtures [Member] | Leasehold Improvements [Member] | Revolving Credit Facility [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |
Minimum [Member] | Maximum [Member] | Non-employee Directors [Member] | Minimum [Member] | Maximum [Member] | USD ($) | Customer Relationships [Member] | Noncompete Agreements [Member] | Developed Technology Rights [Member] | Trade Names [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Developed Technology Rights [Member] | Trade Names [Member] | ||||||||||
Directors and Officers [Member] | Directors and Officers [Member] | USD ($) | |||||||||||||||||||||
Note 2 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding (in Dollars) | $40,400,000 | ' | 45,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $40,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax (in Dollars) | 200,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | '2 years | '3 years | '1 year | '20 years | '7 years | '12 years | '15 years |
Property Plant and Equipment, Percent Declining Balance Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Depreciation Methods | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'lesser of useful life or term of lease | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | '5 years | '3 years | '5 years | '3 years | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | ' | '7 years | ' | ' | '10 years | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Base Annual Fee, Percent | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Base Annual Fee, Amount (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | $35,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
CashSettledRestrictedShareUnitsVestingPeriod | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_3_Revision_of_Previously_2
Note 3 - Revision of Previously Issued Financial Statements (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Note 3 - Revision of Previously Issued Financial Statements (Details) [Line Items] | ' | ' | ' |
Stockholders' Equity Attributable to Parent | $250,160,000 | $238,239,000 | $219,753,000 |
Restatement Adjustment [Member] | ' | ' | ' |
Note 3 - Revision of Previously Issued Financial Statements (Details) [Line Items] | ' | ' | ' |
Deferred Tax Assets, Net | 1,200,000 | ' | ' |
Stockholders' Equity Attributable to Parent | $1,200,000 | $1,197,000 | $1,197,000 |
Note_3_Revision_of_Previously_3
Note 3 - Revision of Previously Issued Financial Statements (Details) - Previously Issued Audited Consolidated Financial Statements (USD $) | 12 Months Ended | 24 Months Ended | |||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2013 | Jan. 31, 2011 |
Deferred income taxes | $2,353 | ($853) | $1,926 | $25,142 | ' |
Total assets | 344,477 | 276,107 | ' | 276,107 | ' |
Accumulated deficit | -297,924 | -307,536 | -323,532 | -307,536 | -335,558 |
Total shareholders’ equity | 250,160 | 238,239 | 219,753 | 238,239 | ' |
Accumulated deficit | ' | ' | ' | ' | ' |
Balance of Accumulated Deficit | -297,924 | -307,536 | -323,532 | -307,536 | -335,558 |
Total shareholders’ equity | ' | ' | ' | ' | ' |
Balance of Shareholder's Equity | 250,160 | 238,239 | 219,753 | 238,239 | ' |
Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' |
Deferred income taxes | ' | ' | ' | 23,945 | ' |
Total assets | ' | 274,910 | ' | 274,910 | ' |
Accumulated deficit | ' | -308,733 | -324,729 | -308,733 | -336,755 |
Total shareholders’ equity | ' | 237,042 | 218,556 | 237,042 | ' |
Accumulated deficit | ' | ' | ' | ' | ' |
Balance of Accumulated Deficit | ' | -308,733 | -324,729 | -308,733 | -336,755 |
Total shareholders’ equity | ' | ' | ' | ' | ' |
Balance of Shareholder's Equity | ' | 237,042 | 218,556 | 237,042 | ' |
Restatement Adjustment [Member] | ' | ' | ' | ' | ' |
Deferred income taxes | ' | ' | ' | 1,197 | ' |
Total assets | ' | 1,197 | ' | 1,197 | ' |
Accumulated deficit | ' | 1,197 | 1,197 | 1,197 | 1,197 |
Total shareholders’ equity | 1,200 | 1,197 | 1,197 | 1,197 | ' |
Accumulated deficit | ' | ' | ' | ' | ' |
Balance of Accumulated Deficit | ' | 1,197 | 1,197 | 1,197 | 1,197 |
Total shareholders’ equity | ' | ' | ' | ' | ' |
Balance of Shareholder's Equity | $1,200 | $1,197 | $1,197 | $1,197 | ' |
Note_4_Acquisitions_Details
Note 4 - Acquisitions (Details) (USD $) | 12 Months Ended | 0 Months Ended | 9 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | 2-May-13 | Jun. 10, 2011 | Jan. 31, 2014 | Jan. 31, 2014 | Dec. 23, 2013 | Jan. 31, 2014 | Dec. 20, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | 2-May-13 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Nov. 14, 2012 | Jan. 31, 2013 | Jun. 15, 2012 | Jan. 31, 2013 | Jun. 30, 2012 | Jan. 31, 2013 | Jan. 20, 2012 | Jan. 31, 2012 | Nov. 02, 2011 | Jan. 31, 2012 | Jun. 10, 2011 | Jan. 31, 2012 | Jan. 31, 2013 | Oct. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Oct. 31, 2013 | |
Draw on Revolving Debt Facility [Member] | Repayment of Financial Liabilities [Member] | Restructuring Charges [Member] | Amortization of Intangible Assets [Member] | Impatex Freight Software Limited [Member] | Impatex Freight Software Limited [Member] | Compudata [Member] | Compudata [Member] | Compudata [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | Exentra [Member] | Exentra [Member] | IES [Member] | IES [Member] | Infodis [Member] | Infodis [Member] | GeoMicro [Member] | GeoMicro [Member] | InterCommIT [Member] | InterCommIT [Member] | Telargo [Member] | Telargo [Member] | Global Freight Exchange Limited [Member] | Increase From [Member] | Increase To [Member] | Decrease From [Member] | Decrease To [Member] | Decrease To [Member] | ||||
KSD [Member] | Telargo [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | ||||||||||||||||||||||||||
Note 4 - Acquisitions (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred | $58,737,000 | $54,155,000 | $21,281,000 | $19,800,000 | $4,300,000 | ' | ' | $8,200,000 | ' | $18,100,000 | ' | $18,143,000 | $32,400,000 | ' | ' | $32,419,000 | $16,600,000 | $16,559,000 | $33,900,000 | $33,909,000 | $3,700,000 | $3,687,000 | $2,700,000 | $2,674,000 | $13,600,000 | $13,605,000 | $9,300,000 | $5,002,000 | ' | ' | ' | ' | ' | ' |
Business Combination, Acquisition Related Costs | 1,308,000 | 1,405,000 | 1,599,000 | ' | ' | ' | ' | 300,000 | ' | 300,000 | ' | ' | 700,000 | ' | ' | ' | 300,000 | ' | 300,000 | ' | 400,000 | ' | 100,000 | ' | 600,000 | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Acquired Receivables, Gross Contractual Amount | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | 600,000 | ' | ' | 3,100,000 | ' | ' | ' | 800,000 | ' | 800,000 | ' | 700,000 | ' | 200,000 | ' | 1,200,000 | ' | 2,300,000 | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Acquired Receivables, Fair Value | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | 500,000 | ' | ' | 2,600,000 | ' | ' | ' | 800,000 | ' | 600,000 | ' | 700,000 | ' | 200,000 | ' | 1,200,000 | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | 600,000 | ' | ' | ' | 12,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | ' | ' | ' | ' | ' | 1,700,000 | 1,800,000 | ' | 100,000 | ' | 100,000 | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Acquired Receivables, Estimated Uncollectible | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | 500,000 | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 111,179,000 | 88,297,000 | 11,391,000 | ' | ' | ' | ' | ' | ' | ' | 8,201,000 | 8,201,000 | ' | 13,110,000 | 13,110,000 | 13,110,000 | ' | 6,231,000 | ' | 11,823,000 | ' | 1,339,000 | ' | 1,699,000 | ' | 5,370,000 | ' | 4,322,000 | ' | 12,100,000 | 13,100,000 | ' | ' | ' |
Business Combination, Increase (Decrease) in Net Working Capital Adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000 | 900,000 | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Working Capital Adjustments Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,800,000 | 2,900,000 | ' |
Business Combination, Increase (Decrease) in Net Tangible Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,500,000 | ' | 9,400,000 |
Payments to Acquire Businesses, Net of Cash Acquired | 58,737,000 | 54,155,000 | 21,281,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Earn-Out Adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $600,000 | ' | ' | ' | ' | ' |
Note_4_Acquisitions_Details_Th
Note 4 - Acquisitions (Details) - The Preliminary Purchase Price Allocation for Businesses Acquired (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Dec. 20, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | 2-May-13 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Nov. 14, 2012 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jun. 15, 2012 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jun. 30, 2012 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 20, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Nov. 02, 2011 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jun. 10, 2011 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2012 |
Impatex [Member] | Impatex [Member] | Impatex [Member] | Compudata [Member] | Compudata [Member] | Compudata [Member] | Compudata [Member] | KSD [Member] | KSD [Member] | KSD [Member] | KSD [Member] | Exentra [Member] | Exentra [Member] | Exentra [Member] | Exentra [Member] | IES [Member] | IES [Member] | IES [Member] | IES [Member] | IES [Member] | Infodis [Member] | Infodis [Member] | Infodis [Member] | Infodis [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | Telargo [Member] | Telargo [Member] | Telargo [Member] | Telargo [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Developed Technology Rights [Member] | Developed Technology Rights [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | Noncompete Agreements [Member] | Trade Names [Member] | ||||
Customer Relationships [Member] | Developed Technology Rights [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Noncompete Agreements [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Noncompete Agreements [Member] | Trade Names [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | Noncompete Agreements [Member] | Trade Names [Member] | Customer Relationships [Member] | Developed Technology Rights [Member] | |||||||||||||||||||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash, less cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | $58,737 | $54,155 | $21,281 | ' | ' | $8,175 | ' | ' | $18,100 | $18,143 | ' | ' | $32,400 | $32,419 | ' | ' | $16,600 | $16,559 | ' | ' | ' | $33,900 | $33,909 | ' | ' | $3,700 | $3,687 | ' | ' | ' | ' | $2,700 | $2,674 | ' | ' | ' | ' | $13,600 | $13,605 | ' | ' | $9,300 | $5,002 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net working capital adjustments receivable | -3,135 | -13 | -871 | ' | ' | -182 | ' | ' | ' | -79 | ' | ' | ' | -2,874 | ' | ' | ' | -27 | ' | ' | ' | ' | 12 | ' | ' | ' | 2 | ' | ' | ' | ' | ' | -4 | ' | ' | ' | ' | ' | -38 | ' | ' | ' | -829 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
55,602 | 54,142 | 20,410 | ' | ' | 7,993 | ' | ' | ' | 18,064 | ' | ' | ' | 29,545 | ' | ' | ' | 16,532 | ' | ' | ' | ' | 33,921 | ' | ' | ' | 3,689 | ' | ' | ' | ' | ' | 2,670 | ' | ' | ' | ' | ' | 13,567 | ' | ' | ' | 4,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Current assets, excluding cash acquired related to Impatex ($200), Compudata ($166) and KSD ($199) | 6,602 | 2,481 | 3,109 | ' | ' | 526 | ' | ' | ' | 1,775 | ' | ' | ' | 4,301 | ' | ' | ' | 883 | ' | ' | ' | ' | 767 | ' | ' | ' | 831 | ' | ' | ' | ' | ' | 194 | ' | ' | ' | ' | ' | 1,309 | ' | ' | ' | 1,606 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital assets | 200 | 310 | 497 | ' | ' | 109 | ' | ' | ' | 24 | ' | ' | ' | 67 | ' | ' | ' | 116 | ' | ' | ' | ' | ' | ' | ' | ' | 194 | ' | ' | ' | ' | ' | 29 | ' | ' | ' | ' | ' | 87 | ' | ' | ' | 381 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred income tax assets | 874 | 22 | 3,063 | ' | ' | 11 | ' | ' | ' | ' | ' | ' | ' | 863 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | ' | ' | ' | ' | ' | 715 | ' | ' | ' | ' | ' | 4 | ' | ' | ' | 2,344 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current liabilities | -5,139 | -1,578 | -4,227 | ' | ' | -275 | ' | ' | ' | -923 | ' | ' | ' | -3,941 | ' | ' | ' | -1,008 | ' | ' | ' | ' | -184 | ' | ' | ' | -386 | ' | ' | ' | ' | ' | -672 | ' | ' | ' | ' | ' | -510 | ' | ' | ' | -3,045 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred revenue | -3,467 | -927 | -1,862 | ' | ' | -441 | ' | ' | ' | -22 | ' | ' | ' | -3,004 | ' | ' | ' | -26 | ' | ' | ' | ' | -901 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -559 | ' | ' | ' | ' | ' | -410 | ' | ' | ' | -893 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred income tax liability | -10,821 | -3,677 | -6,121 | ' | ' | -1,140 | ' | ' | ' | -2,924 | ' | ' | ' | -6,757 | ' | ' | ' | -3,112 | ' | ' | ' | ' | ' | ' | ' | ' | -565 | ' | ' | ' | ' | ' | -987 | ' | ' | ' | ' | ' | -2,693 | ' | ' | ' | -2,441 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt | -894 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -894 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other long term liabilities | ' | ' | -4,506 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -229 | ' | ' | ' | -4,277 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net tangible liabilities assumed | -12,645 | -3,369 | -10,047 | ' | ' | -1,210 | ' | ' | ' | -2,070 | ' | ' | ' | -9,365 | ' | ' | ' | -3,147 | ' | ' | ' | ' | -318 | ' | ' | ' | 96 | ' | ' | ' | ' | ' | -1,280 | ' | ' | ' | ' | ' | -2,442 | ' | ' | ' | -6,325 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite life intangible assets acquired | ' | ' | ' | 2,495 | 3,207 | ' | 11,910 | 23 | ' | ' | 17,500 | 8,300 | ' | ' | 2,621 | 10,827 | ' | ' | 6,941 | 15,236 | 239 | ' | ' | 834 | 1,420 | ' | ' | 364 | 1,746 | 90 | 51 | ' | ' | 2,367 | 7,806 | 193 | 273 | ' | ' | 427 | 5,749 | ' | ' | 31,905 | 10,396 | 3,158 | 11,507 | 27,483 | 15,301 | 23 | 239 | 283 | 324 |
Goodwill | 111,179 | 88,297 | 11,391 | ' | ' | 3,501 | ' | ' | ' | 8,201 | ' | ' | ' | 13,110 | ' | ' | ' | 6,231 | ' | ' | ' | ' | 11,823 | ' | ' | ' | 1,339 | ' | ' | ' | ' | ' | 1,699 | ' | ' | ' | ' | ' | 5,370 | ' | ' | ' | 4,322 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
$55,602 | $54,142 | $20,410 | ' | ' | $7,993 | ' | ' | ' | $18,064 | ' | ' | ' | $29,545 | ' | ' | ' | $16,532 | ' | ' | ' | ' | $33,921 | ' | ' | ' | $3,689 | ' | ' | ' | ' | ' | $2,670 | ' | ' | ' | ' | ' | $13,567 | ' | ' | ' | $4,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_4_Acquisitions_Details_Th1
Note 4 - Acquisitions (Details) - The Preliminary Purchase Price Allocation for Businesses Acquired (Parentheticals) (USD $) | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 |
Impatex [Member] | Compudata [Member] | KSD [Member] | Exentra [Member] | Infodis [Member] | GeoMicro [Member] | InterCommIT [Member] | Telargo [Member] | |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Less cash acquired | $200 | $166 | $199 | $663 | $375 | $152 | $829 | $201 |
Note_4_Acquisitions_Details_Th2
Note 4 - Acquisitions (Details) - The Acquired Intangible Assets Useful Lives | 12 Months Ended | ||||||||||||||||||||||
Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | |
Impatex [Member] | Impatex [Member] | Compudata [Member] | Compudata [Member] | KSD [Member] | KSD [Member] | Exentra [Member] | Exentra [Member] | IES [Member] | IES [Member] | IES [Member] | Infodis [Member] | Infodis [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | GeoMicro [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | InterCommIT [Member] | Telargo [Member] | Telargo [Member] | |
Customer Relationships [Member] | Existing Technology [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Customer Relationships [Member] | Existing Technology [Member] | Customer Relationships [Member] | Existing Technology [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Existing Technology [Member] | Customer Relationships [Member] | Existing Technology [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Existing Technology [Member] | Trade Names [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | Existing Technology [Member] | Trade Names [Member] | Customer Relationships [Member] | Noncompete Agreements [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite lived intangible assets acquired | '10 years | '8 years | '9 years | '3 years | '12 years | '8 years | '12 years | '10 years | '10 years | '5 years | '8 years | '6 years | '5 years | '4 years | '5 years | '4 years | '2 years | '7 years | '7 years | '5 years | '2 years | '6 years | '6 years |
Note_4_Acquisitions_Details_Pr
Note 4 - Acquisitions (Details) - Pro Forma Results of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Pro Forma Results of Operations [Abstract] | ' | ' | ' |
Revenues | $162,118 | $152,374 | $138,882 |
Net income | $9,408 | $16,940 | $12,635 |
Earnings per share | ' | ' | ' |
Basic | $0.15 | $0.27 | $0.20 |
Diluted | $0.15 | $0.27 | $0.20 |
Note_5_Trade_Receivables_Detai
Note 5 - Trade Receivables (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Receivables [Abstract] | ' | ' | ' |
Provision for Doubtful Accounts | $0.30 | $0.30 | $0.30 |
Note_5_Trade_Receivables_Detai1
Note 5 - Trade Receivables (Details) - Trade Receivables (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Trade Receivables [Abstract] | ' | ' |
Trade receivables | $21,442 | $21,751 |
Less: Allowance for doubtful accounts | -884 | -1,111 |
$20,558 | $20,640 |
Note_6_Other_Receivables_Detai
Note 6 - Other Receivables (Details) (USD $) | Jan. 31, 2014 |
In Millions, unless otherwise specified | |
Other Receivables [Abstract] | ' |
Amounts Recoverable From Funds Held In Escrow | $3.70 |
Note_6_Other_Receivables_Detai1
Note 6 - Other Receivables (Details) - Other Receivables (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
OtherReceivablesAbstract | ' | ' |
Net working capital adjustments receivable from acquisitions | $4,005 | $1,986 |
Other receivables | 4,440 | 3,669 |
$8,445 | $5,655 |
Note_7_Inventory_Details
Note 7 -Inventory (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
Inventory Disclosure [Abstract] | ' | ' |
Inventory Valuation Reserves | $0 | $0 |
Note_7_Inventory_Details_Inven
Note 7 -Inventory (Details) - Inventory (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Abstract] | ' | ' |
Finished goods | $1,350 | $812 |
$1,350 | $812 |
Note_8_Capital_Assets_Details_
Note 8 - Capital Assets (Details) - Capital Assets (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Cost | $32,372 | $32,365 |
32,372 | 32,365 | |
Accumulated Amortization | 23,580 | 22,129 |
23,580 | 22,129 | |
8,792 | 10,236 | |
Computer Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Cost | 29,460 | 29,592 |
29,460 | 29,592 | |
Accumulated Amortization | 21,472 | 20,118 |
21,472 | 20,118 | |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Cost | 1,369 | 1,538 |
1,369 | 1,538 | |
Accumulated Amortization | 1,129 | 1,153 |
1,129 | 1,153 | |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Cost | 1,386 | 1,140 |
1,386 | 1,140 | |
Accumulated Amortization | 979 | 858 |
979 | 858 | |
Asset under Construction [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Cost | 157 | 95 |
$157 | $95 |
Note_9_Intangible_Assets_Detai
Note 9 - Intangible Assets (Details) (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
Disclosure Text Block [Abstract] | ' | ' |
Finite-Lived Intangible Assets, Net | $94,649,000 | $71,297,000 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 18,300,000 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 15,700,000 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 14,100,000 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 10,000,000 | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 8,800,000 | ' |
Finite Lived Intangible Assets Amortization Expense Year Six | 8,500,000 | ' |
Finite Lived Intangible Assets Amortization Expense After Year Six | $19,200,000 | ' |
Note_9_Intangible_Assets_Detai1
Note 9 - Intangible Assets (Details) - Intangible Assets (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | $164,370 | $124,147 |
164,370 | 124,147 | |
Accumulated Amortization | 69,721 | 52,850 |
69,721 | 52,850 | |
94,649 | 71,297 | |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 81,951 | 51,820 |
81,951 | 51,820 | |
Accumulated Amortization | 32,101 | 25,936 |
32,101 | 25,936 | |
Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 1,884 | 1,867 |
1,884 | 1,867 | |
Accumulated Amortization | 1,432 | 1,235 |
1,432 | 1,235 | |
Developed Technology Rights [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 76,442 | 66,296 |
76,442 | 66,296 | |
Accumulated Amortization | 32,796 | 22,402 |
32,796 | 22,402 | |
Trade Names [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Cost | 4,093 | 4,164 |
4,093 | 4,164 | |
Accumulated Amortization | 3,392 | 3,277 |
$3,392 | $3,277 |
Note_10_Goodwill_Details_Goodw
Note 10 - Goodwill (Details) - Goodwill (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Balance, beginning of year | $88,297 | $11,391 |
Adjustments on account of foreign exchange | -1,930 | 899 |
Balance, end of year | 111,179 | 88,297 |
Impatex [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | 3,501 | ' |
Balance, end of year | 3,501 | ' |
Compudata [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | 8,201 | ' |
Balance, end of year | 8,201 | ' |
KSD [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | 13,110 | ' |
Balance, end of year | 13,110 | ' |
Infodis [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | ' | 1,339 |
Balance, end of year | ' | 1,339 |
IES [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | ' | 11,823 |
Balance, end of year | ' | 11,823 |
Exentra [Member] | ' | ' |
Condensed Cash Flow Statements, Captions [Line Items] | ' | ' |
Goodwill Acquired During Period | ' | 6,231 |
Balance, end of year | ' | $6,231 |
Note_11_Accrued_Liabilities_De
Note 11 - Accrued Liabilities (Details) - Accrued Liabilities (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities [Abstract] | ' | ' |
Accrued compensation and benefits | $8,346 | $6,989 |
Accrued professional fees | 1,780 | 1,063 |
Other accrued liabilities | 6,631 | 4,321 |
$16,757 | $12,373 |
Note_12_Debt_Details
Note 12 - Debt (Details) | 0 Months Ended | 0 Months Ended | 0 Months Ended | |||||||||||||
In Millions, unless otherwise specified | Mar. 07, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Jan. 31, 2014 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 07, 2013 |
USD ($) | USD ($) | CAD | EUR (€) | NOK | USD ($) | Equal Quarterly Installments [Member] | No Fixed Repayment Date [Member] | Equal Quarterly Installments [Member] | Revolving Credit Facility [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |
Revolving Credit Facility [Member] | USD ($) | Revolving Credit Facility [Member] | USD ($) | Prime Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Prime Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||
USD ($) | ||||||||||||||||
Note 12 - Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | $50 | ' | ' | ' | ' | ' | ' | $2 | $48 | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Term | '5 years | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 1.50% | ' | 1.50% | 3.00% | ' |
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | ' | ' | 0.50% |
Line of Credit Facility, Amount Outstanding | ' | 40.4 | 45.1 | ' | ' | ' | ' | ' | ' | 40.4 | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate at Period End | ' | 3.00% | 3.00% | 3.00% | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit Outstanding, Amount | ' | $0.50 | ' | € 0.20 | 2 | $0.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_12_Debt_Details_Future_Pr
Note 12 - Debt (Details) - Future Principal Payments (USD $) | Jan. 31, 2014 |
In Thousands, unless otherwise specified | |
Future Principal Payments [Abstract] | ' |
2015 | $8,618 |
2016 | 8,618 |
2017 | 8,618 |
2018 | 8,618 |
2019 | 5,933 |
$40,405 |
Note_13_Commitments_Contingenc2
Note 13 - Commitments, Contingencies and Guarantees (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense | $4.80 | $3.70 | $3.60 |
Cash Settled Restricted Share Units Nonvested Total Compensation Cost Not Yet Recognized | $1 | ' | ' |
Note_13_Commitments_Contingenc3
Note 13 - Commitments, Contingencies and Guarantees (Details) - Operating Lease Obligations (USD $) | Jan. 31, 2014 |
In Thousands, unless otherwise specified | |
Operating Lease Obligations [Abstract] | ' |
2015 | $4,664 |
2016 | 3,391 |
2017 | 1,805 |
2018 | 889 |
2019 | 731 |
Thereafter | 146 |
$11,626 |
Note_14_Share_Capital_Details_
Note 14 - Share Capital (Details) - Common Shares Outstanding (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Common Shares Outstanding [Abstract] | ' | ' | ' |
Balance | 62,654,284 | 62,433,000 | 61,742,000 |
Shares issued: | ' | ' | ' |
Stock options exercised | 990,913 | 163,000 | 691,000 |
Stock options settled for shares (Note 16) (in Dollars) | $16 | $58 | ' |
Balance | 63,660,953 | 62,654,284 | 62,433,000 |
Note_15_Earnings_Per_Share_Det
Note 15 - Earnings Per Share (Details) | 12 Months Ended | |
Jan. 31, 2013 | Jan. 31, 2012 | |
Equity Option [Member] | ' | ' |
Note 15 - Earnings Per Share (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 40,000 | 15,000 |
Stock Options, Treasury Stock Method [Member] | ' | ' |
Note 15 - Earnings Per Share (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 7,500 | 418,480 |
Note_15_Earnings_Per_Share_Det1
Note 15 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Note 15 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share [Line Items] | ' | ' | ' |
Net income for purposes of calculating basic and diluted earnings per share (in Dollars) | $9,612 | $15,996 | $12,026 |
Weighted average shares outstanding | 62,841 | 62,556 | 62,218 |
Weighted average common and common equivalent shares outstanding | 64,370 | 63,860 | 63,400 |
Earnings per share | ' | ' | ' |
Basic (in Dollars per share) | $0.15 | $0.26 | $0.19 |
Diluted (in Dollars per share) | $0.15 | $0.25 | $0.19 |
Employee Stock Option [Member] | ' | ' | ' |
Note 15 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share [Line Items] | ' | ' | ' |
Dilutive effect of share based payment awards | 1,258 | 1,279 | 1,182 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Note 15 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share [Line Items] | ' | ' | ' |
Dilutive effect of share based payment awards | 271 | 25 | ' |
Note_16_StockBased_Compensatio2
Note 16 - Stock-Based Compensation Plans (Details) (USD $) | 12 Months Ended | 13 Months Ended | 12 Months Ended | |||||||||||
Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | |
Less Than [Member] | Less Than [Member] | Performance Shares [Member] | Employee Stock Option [Member] | Restricted Stock Units (RSUs) [Member] | Deferred Share Unit Plan [Member] | Deferred Share Unit Plan [Member] | Deferred Share Unit Plan [Member] | Cash-Settled Restricted Share Unit [Member] | Cash-Settled Restricted Share Unit [Member] | Cash-Settled Restricted Share Unit [Member] | ||||
Note 16 - Stock-Based Compensation Plans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $2,523,000 | $1,278,000 | $1,213,000 | ' | ' | $300,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | 200,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-Based Compensation Tax Expense From Options Exercised | 200,000 | ' | ' | 100,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
(in Shares) | 300,000 | 340,840 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Settlement of Stock Options | 1,400,000 | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Shares Settlement of Stock Options | 100,000 | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | 1,139,853 | ' | 2,510,161 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | ' | ' | ' | ' | ' | 250,813 | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | ' | ' | ' | ' | 900,000 | 200,000 | 600,000 | ' | ' | ' | 1,000,000 | 1,300,000 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | ' | ' | ' | '1 year 146 days | '1 year | '1 year 219 days | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | 300,000 | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 0 | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $2.73 | $2.18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | 9,400,000 | 700,000 | 2,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSettledInPeriodTotalIntrinsicValue | 1,500,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Share Units Outstanding Number (in Shares) | 145,303 | 102,821 | ' | ' | ' | ' | ' | ' | 145,303 | ' | ' | ' | ' | ' |
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | 1,000,000 | ' | 1,200,000 | 1,000,000 | ' |
Deferred Share Units Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | 100,000 | 100,000 | ' | ' | ' |
Cash Settled Restricted Share Units Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,200,000 | $1,300,000 | $1,500,000 |
Note_16_StockBased_Compensatio3
Note 16 - Stock-Based Compensation Plans (Details) - Total Estimated Stock-Based Compensation Expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | $2,523 | $1,278 | $1,213 |
Cost of Sales [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | 54 | 56 | 110 |
Selling and Marketing Expense [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | 538 | 412 | 251 |
Research and Development Expense [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | 12 | 44 | 308 |
General and Administrative Expense [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | 1,138 | 766 | 544 |
Other Expense [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Stock-based compensation expense | $781 | ' | ' |
Note_16_StockBased_Compensatio4
Note 16 - Stock-Based Compensation Plans (Details) - Assumptions Used in Black-Scholes Model for Each Grant | 12 Months Ended | |
Jan. 31, 2013 | Jan. 31, 2012 | |
Assumptions Used in Black-Scholes Model for Each Grant [Abstract] | ' | ' |
Expected volatility (%) | 33.20% | 33.60% |
Risk-free rate (%) | 1.20% | 2.40% |
Expected option life (years) | '5 years | '5 years |
Note_16_StockBased_Compensatio5
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Option Activity (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Summary of Option Activity [Abstract] | ' | ' | ' |
Number of Stock Options Outstanding | ' | 2,510,161 | ' |
Weighted- Average Exercise Price | ' | $4.35 | ' |
Weighted- Average Remaining Contractual Life (years) | '1 year 328 days | ' | ' |
Aggregate Intrinsic Value | $12.50 | ' | ' |
Vested or expected to vest at January 31, 2014 | 1,096,603 | ' | ' |
Vested or expected to vest at January 31, 2014 | $4.32 | ' | ' |
Vested or expected to vest at January 31, 2014 | '1 year 292 days | ' | ' |
Vested or expected to vest at January 31, 2014 | 12.1 | ' | ' |
Exercisable at January 31, 2014 | 975,708 | ' | ' |
Exercisable at January 31, 2014 | $4.05 | ' | ' |
Exercisable at January 31, 2014 | '1 year 219 days | ' | ' |
Exercisable at January 31, 2014 | $11.10 | ' | ' |
Exercised | -990,913 | -163,000 | -691,000 |
Exercised | $3.74 | ' | ' |
Settled for Cash/ Shares | -300,000 | -340,840 | ' |
Settled for Cash/ Shares | $4.28 | ' | ' |
Forfeited | -62,895 | ' | ' |
Forfeited | $6.09 | ' | ' |
Expired | -16,500 | ' | ' |
Expired | $4.11 | ' | ' |
Number of Stock Options Outstanding | 1,139,853 | ' | 2,510,161 |
Weighted- Average Exercise Price | $4.39 | ' | $4.35 |
Note_16_StockBased_Compensatio6
Note 16 - Stock-Based Compensation Plans (Details) - Options Outstanding and Options Exercisable (USD $) | 12 Months Ended |
Jan. 31, 2014 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted Average Exercise Price, Options Outstanding | $4.27 |
Number of Stock Options, Options Outstanding (in Shares) | 1,139,853 |
Weighted Average Remaining Contractual Life (years), Options Outstanding | '1 year 328 days |
Weighted Average Exercise Price, Options Exercisable | $3.94 |
Number of Stock Options, Options Exercisable (in Shares) | 975,708 |
Range 1 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted Average Exercise Price, Options Outstanding | $3.15 |
Number of Stock Options, Options Outstanding (in Shares) | 608,825 |
Weighted Average Remaining Contractual Life (years), Options Outstanding | '1 year 6 months |
Weighted Average Exercise Price, Options Exercisable | $3.15 |
Number of Stock Options, Options Exercisable (in Shares) | 599,487 |
Range 1 [Member] | Maximum [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, Lower Limit | $2.93 |
Range of Exercise Prices, Upper Limit | $3.62 |
Range 2 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted Average Exercise Price, Options Outstanding | $3.93 |
Number of Stock Options, Options Outstanding (in Shares) | 46,300 |
Weighted Average Remaining Contractual Life (years), Options Outstanding | '292 days |
Weighted Average Exercise Price, Options Exercisable | $3.93 |
Number of Stock Options, Options Exercisable (in Shares) | 46,300 |
Range 2 [Member] | Maximum [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, Lower Limit | $3.93 |
Range of Exercise Prices, Upper Limit | $4 |
Range 3 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted Average Exercise Price, Options Outstanding | $5.46 |
Number of Stock Options, Options Outstanding (in Shares) | 437,228 |
Weighted Average Remaining Contractual Life (years), Options Outstanding | '2 years 109 days |
Weighted Average Exercise Price, Options Exercisable | $5.27 |
Number of Stock Options, Options Exercisable (in Shares) | 317,421 |
Range 3 [Member] | Maximum [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, Lower Limit | $4.73 |
Range of Exercise Prices, Upper Limit | $6.08 |
Range 4 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted Average Exercise Price, Options Outstanding | $8.12 |
Number of Stock Options, Options Outstanding (in Shares) | 47,500 |
Weighted Average Remaining Contractual Life (years), Options Outstanding | '5 years 73 days |
Weighted Average Exercise Price, Options Exercisable | $7.79 |
Number of Stock Options, Options Exercisable (in Shares) | 12,500 |
Range 4 [Member] | Maximum [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, Lower Limit | $6.73 |
Range of Exercise Prices, Upper Limit | $8.39 |
Note_16_StockBased_Compensatio7
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Nonvested Share Activity (USD $) | 12 Months Ended |
Jan. 31, 2014 | |
Summary of Nonvested Share Activity [Abstract] | ' |
Balance at January 31 | 395,903 |
Balance at January 31 | $2.08 |
Vested | -168,863 |
Vested | $2.75 |
Forfeited | -62,895 |
Forfeited | $2.04 |
Balance at January 31 | 164,145 |
Balance at January 31 | $2.21 |
Note_16_StockBased_Compensatio8
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Performance Share Units Activity (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Jan. 31, 2014 |
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Performance Share Units Activity [Line Items] | ' |
Vested or expected to vest at January 31, 2014 | '1 year 292 days |
Vested or expected to vest at January 31, 2014 | 1,096,603 |
Vested or expected to vest at January 31, 2014 | $4.32 |
Vested or expected to vest at January 31, 2014 | '1 year 292 days |
Vested or expected to vest at January 31, 2014 | $12.10 |
Performance Shares [Member] | ' |
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Performance Share Units Activity [Line Items] | ' |
Number of Units Outstanding | 139,071 |
Weighted-Average Grant Date Fair Value | $11.90 |
Weighted-Average Remaining Contractual Life (years) | '8 years 146 days |
Vested or expected to vest at January 31, 2014 | 211,428 |
Vested or expected to vest at January 31, 2014 | $11.69 |
Vested or expected to vest at January 31, 2014 | '8 years 146 days |
Vested or expected to vest at January 31, 2014 | 3.3 |
Exercisable at January 31, 2014 | 72,760 |
Exercisable at January 31, 2014 | $11.67 |
Exercisable at January 31, 2014 | '8 years 73 days |
Exercisable at January 31, 2014 | 1.1 |
Granted | 101,011 |
Granted | $11.75 |
Performance Units Issued on Vesting | 24,253 |
Performance Units Issued on Vesting | $11.67 |
Forfeited | -52,907 |
Forfeited | $11.71 |
Number of Units Outstanding | 211,428 |
Weighted-Average Grant Date Fair Value | $11.69 |
Weighted-Average Remaining Contractual Life (years) | '8 years 146 days |
Aggregate Intrinsic Value (in millions) | $3.30 |
Vested or expected to vest at January 31, 2014 | '8 years 146 days |
Note_16_StockBased_Compensatio9
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Restricted Share Units Activity (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Jan. 31, 2014 |
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Restricted Share Units Activity [Line Items] | ' |
Vested or expected to vest at January 31, 2014 | '1 year 292 days |
Vested or expected to vest at January 31, 2014 | $12.10 |
Vested or expected to vest at January 31, 2014 | 1,096,603 |
Vested or expected to vest at January 31, 2014 | $4.32 |
Restricted Stock Units (RSUs) [Member] | ' |
Note 16 - Stock-Based Compensation Plans (Details) - Summary of Restricted Share Units Activity [Line Items] | ' |
Number of Units Outstanding | 119,799 |
Weighted-Average Grant Date Fair Value | $8.80 |
Weighted-Average Remaining Contractual Life (years) | '8 years 146 days |
Aggregate Intrinsic Value (in millions) | 3.3 |
Vested or expected to vest at January 31, 2014 | 214,076 |
Vested or expected to vest at January 31, 2014 | $8.96 |
Vested or expected to vest at January 31, 2014 | '8 years 146 days |
Vested or expected to vest at January 31, 2014 | 3.3 |
Exercisable at January 31, 2014 | 147,206 |
Exercisable at January 31, 2014 | $8.90 |
Exercisable at January 31, 2014 | '8 years 146 days |
Exercisable at January 31, 2014 | $2.30 |
Granted | 101,011 |
Granted | $9.39 |
Forfeited | -6,734 |
Forfeited | $9.39 |
Number of Units Outstanding | 214,076 |
Weighted-Average Grant Date Fair Value | $8.96 |
Recovered_Sheet1
Note 16 - Stock-Based Compensation Plans (Details) - Summary of DSU Plan Activity | 12 Months Ended |
Jan. 31, 2014 | |
Summary of DSU Plan Activity [Abstract] | ' |
Number of Units Outstanding | 102,821 |
Granted | 42,482 |
Number of Units Outstanding | 145,303 |
Recovered_Sheet2
Note 16 - Stock-Based Compensation Plans (Details) - Summary of CRSU Plan Activity | 12 Months Ended |
Jan. 31, 2014 | |
Summary of CRSU Plan Activity [Abstract] | ' |
Number of Units Outstanding | 241,489 |
Weighted-Average Remaining Contractual Life (years) | '1 year 146 days |
Vested at January 31, 2014 | 1,320 |
Unvested at January 31, 2014 | 151,474 |
Unvested at January 31, 2014 | '1 year 146 days |
Granted | 135,664 |
Vested and settled in cash | -208,911 |
Forfeited | -15,448 |
Number of Units Outstanding | 152,794 |
Note_17_Income_Taxes_Details
Note 17 - Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Note 17 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Percent | 13.00% | 12.00% | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $2.80 | $5.30 | ' |
Increase (Decrease) in Income Taxes | ' | 0.8 | ' |
Increase (Decrease) in Deferred Income Taxes | ' | 1 | -1.8 |
Undistributed Earnings of Foreign Subsidiaries | 74.5 | ' | ' |
Liability for Uncertain Tax Positions, Noncurrent | 6.2 | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 4.8 | ' | ' |
Change in Valuation Allowance in the UK [Member] | ' | ' | ' |
Note 17 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | -5.3 | ' |
Change in Valuation Allowance in the Netherlands [Member] | ' | ' | ' |
Note 17 - Income Taxes (Details) [Line Items] | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | ' | $0.70 |
Note_17_Income_Taxes_Details_I
Note 17 - Income Taxes (Details) - Income (Loss) before Income Taxes Earned by Tax Jurisdictions (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Note 17 - Income Taxes (Details) - Income (Loss) before Income Taxes Earned by Tax Jurisdictions [Line Items] | ' | ' | ' |
Tax Jurisdiction | $13,733 | $17,221 | $15,390 |
Canada [Member] | ' | ' | ' |
Note 17 - Income Taxes (Details) - Income (Loss) before Income Taxes Earned by Tax Jurisdictions [Line Items] | ' | ' | ' |
Tax Jurisdiction | 6,922 | 14,908 | 17,225 |
United States [Member] | ' | ' | ' |
Note 17 - Income Taxes (Details) - Income (Loss) before Income Taxes Earned by Tax Jurisdictions [Line Items] | ' | ' | ' |
Tax Jurisdiction | 7,841 | 1,529 | 87 |
Other Countries [Member] | ' | ' | ' |
Note 17 - Income Taxes (Details) - Income (Loss) before Income Taxes Earned by Tax Jurisdictions [Line Items] | ' | ' | ' |
Tax Jurisdiction | ($1,030) | $784 | ($1,922) |
Note_17_Income_Taxes_Details_I1
Note 17 - Income Taxes (Details) - Income Tax Expense (Recovery) Incurred by Jurisdictions (USD $) | 12 Months Ended | 24 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2013 |
Current income tax expense | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | $1,768 | $2,078 | $1,438 | ' |
Deferred income tax expense (recovery) | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 2,353 | -853 | 1,926 | 25,142 |
4,121 | 1,225 | 3,364 | ' | |
Canada [Member] | ' | ' | ' | ' |
Current income tax expense | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 61 | 478 | 605 | ' |
Deferred income tax expense (recovery) | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 3,827 | 5,177 | 4,230 | ' |
United States [Member] | ' | ' | ' | ' |
Current income tax expense | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 605 | 446 | 295 | ' |
Deferred income tax expense (recovery) | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 2,804 | -833 | -2,515 | ' |
Other Countries [Member] | ' | ' | ' | ' |
Current income tax expense | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | 1,102 | 1,154 | 538 | ' |
Deferred income tax expense (recovery) | ' | ' | ' | ' |
Income tax expense (recovery) jurisdiction | ($4,278) | ($5,197) | $211 | ' |
Note_17_Income_Taxes_Details_C
Note 17 - Income Taxes (Details) - Components of Deferred Income Tax Assets and Liabilities (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Accruals not currently deductible | $4,312 | $4,355 |
Accumulated net operating losses | 27,486 | 36,194 |
Corporate minimum taxes | 1,535 | 1,391 |
Difference between tax and accounting basis of capital assets | 9,005 | 12,716 |
Writedown of assets not currently deductible | 1,003 | 1,119 |
Research and development and other tax credits and expenses | 5,091 | 5,266 |
Other timing differences | 76 | 419 |
Total deferred income tax assets | 48,508 | 61,460 |
Liabilities | ' | ' |
Difference between tax and accounting basis of intangible assets | -12,975 | -7,968 |
Uncertain tax positions incurred in loss years | -727 | -915 |
Total deferred income tax liabilities | -13,702 | -8,883 |
Net deferred income taxes | 34,806 | 52,577 |
Valuation allowance | -15,492 | -21,274 |
Net deferred income taxes, net of valuation allowance | 19,314 | 31,303 |
Deferred income tax assets – current | 13,508 | 12,978 |
Deferred income tax assets – non-current | 19,628 | 23,945 |
Deferred income tax liabilities – non-current | ($13,822) | ($5,620) |
Note_17_Income_Taxes_Details_P
Note 17 - Income Taxes (Details) - Provision (Recovery) for Income Taxes from the Expected Provision at the Statutory Rates (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Provision (Recovery) for Income Taxes from the Expected Provision at the Statutory Rates [Abstract] | ' | ' | ' |
Net income before taxes | $13,733 | $17,221 | $15,390 |
Combined basic Canadian statutory rates | 26.50% | 26.50% | 28.10% |
Income tax expense based on the above rates | 3,639 | 4,564 | 4,325 |
Increase (decrease) in income taxes resulting from: | ' | ' | ' |
Permanent differences including amortization of intangibles | 540 | 182 | 586 |
Effect of differences between Canadian and foreign tax rates | 663 | 165 | -275 |
Effect of rate changes on current year timing differences | 321 | -156 | -228 |
Adjustments in respect to income tax of previous periods | 355 | -503 | -1,242 |
Increases in tax reserves | 239 | 565 | 734 |
Valuation allowance | -2,707 | -4,070 | -864 |
Stock compensation | 481 | 102 | ' |
Other | 590 | 478 | 328 |
Income tax expense | $4,121 | $1,225 | $3,364 |
Note_17_Income_Taxes_Details_I2
Note 17 - Income Taxes (Details) - Income Tax Loss Carryforwards Expiration Dates (USD $) | Jan. 31, 2014 |
In Thousands, unless otherwise specified | |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | $110,801 |
Canada [Member] | Expire Thereafter [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 1,295 |
Canada [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 1,295 |
United States [Member] | Expire Year Four [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 1,458 |
United States [Member] | Expire Year Five [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 2,996 |
United States [Member] | Expire Thereafter [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 13,401 |
United States [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 17,855 |
EMEA [Member] | Expire Year Two [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 798 |
EMEA [Member] | Expire Year Four [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 609 |
EMEA [Member] | Expire Year Five [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 485 |
EMEA [Member] | Expire Thereafter [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 79,470 |
EMEA [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 81,362 |
Asia Pacific [Member] | Expire Next 12 Months [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 614 |
Asia Pacific [Member] | Expire Year Two [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 342 |
Asia Pacific [Member] | Expire Year Three [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 173 |
Asia Pacific [Member] | Expire Year Four [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 310 |
Asia Pacific [Member] | Expire Thereafter [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 8,850 |
Asia Pacific [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 10,289 |
Expire Next 12 Months [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 614 |
Expire Year Two [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 1,140 |
Expire Year Three [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 173 |
Expire Year Four [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 2,377 |
Expire Year Five [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | 3,481 |
Expire Thereafter [Member] | ' |
Operating Loss Carryforwards [Line Items] | ' |
Expiry year | $103,016 |
Note_17_Income_Taxes_Details_R
Note 17 - Income Taxes (Details) - Reconciliation of the Total Estimated Liability Associated with Uncertain Tax Provisions (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Reconciliation of the Total Estimated Liability Associated with Uncertain Tax Provisions [Abstract] | ' | ' | ' |
Liability, beginning of year | $5,639 | $4,857 | $4,246 |
Liability, end of year | 6,211 | 5,639 | 4,857 |
Gross increases – prior periods | ' | ' | 42 |
Gross increases – current period | 981 | 1,389 | 1,010 |
Lapsing of statutes of limitations | ($409) | ($607) | ($441) |
Note_18_Other_Charges_Details
Note 18 - Other Charges (Details) (USD $) | 3 Months Ended | 12 Months Ended |
Jan. 31, 2014 | Jan. 31, 2014 | |
Former Chairman and CEO [Member] | ' | ' |
Note 18 - Other Charges (Details) [Line Items] | ' | ' |
Executive Retirement Charge | $3,300,000 | $3,313,000 |
Executive Retirement Liability | 2,000,000 | 2,000,000 |
Fiscal 2014 Restructuring Plan [Member] | Workforce Reduction Charges, Office Closure Costs and Network Consolidation Costs [Member] | ' | ' |
Note 18 - Other Charges (Details) [Line Items] | ' | ' |
Restructuring and Related Cost, Cost Incurred to Date | ' | 1,900,000 |
Fiscal 2014 Restructuring Plan [Member] | Workforce Reduction [Member] | ' | ' |
Note 18 - Other Charges (Details) [Line Items] | ' | ' |
Restructuring and Related Cost, Expected Cost | ' | 100,000 |
Fiscal 2014 Restructuring Plan [Member] | ' | ' |
Note 18 - Other Charges (Details) [Line Items] | ' | ' |
Restructuring and Related Cost, Cost Incurred to Date | ' | $1,904,000 |
Note_18_Other_Charges_Details_
Note 18 - Other Charges (Details) - Other Charges Included in the Consolidated Statements of Operations (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Former Chairman and CEO [Member] | Former Chairman and CEO [Member] | Fiscal 2014 Restructuring Plan [Member] | Prior Years' Restructuring Plans [Member] | Prior Years' Restructuring Plans [Member] | Prior Years' Restructuring Plans [Member] | ||||
Note 18 - Other Charges (Details) - Other Charges Included in the Consolidated Statements of Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Executive retirement charges | ' | ' | ' | $3,300 | $3,313 | ' | ' | ' | ' |
Acquisition-related costs | 1,308 | 1,405 | 1,599 | ' | ' | ' | ' | ' | ' |
Restructuring plan | ' | ' | ' | ' | ' | 1,904 | -13 | 959 | 532 |
$6,512 | $2,364 | $2,131 | ' | ' | ' | ' | ' | ' |
Note_18_Other_Charges_Details_1
Note 18 - Other Charges (Details) - Changes in the Restructuring Provision for the Fiscal 2014 Restructuring Plan (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Jan. 31, 2014 |
Restructuring Cost and Reserve [Line Items] | ' |
Accruals and adjustments | $1,904 |
Cash draw downs | -1,756 |
Balance at January 31 | 148 |
Workforce Reduction [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Accruals and adjustments | 1,740 |
Cash draw downs | -1,688 |
Balance at January 31 | 52 |
Facility Closing [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Accruals and adjustments | 145 |
Cash draw downs | -49 |
Balance at January 31 | 96 |
Network Consolidation Costs [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Accruals and adjustments | 19 |
Cash draw downs | ($19) |
Note_19_Segmented_Information_1
Note 19 - Segmented Information (Details) | 12 Months Ended |
Jan. 31, 2014 | |
Segment Reporting [Abstract] | ' |
Number of Operating Segments | 1 |
Note_19_Segmented_Information_2
Note 19 - Segmented Information (Details) - Segmented Revenue by Geographical Location of Customer (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Revenues | ' | ' | ' |
Geographical Revenue | $151,294 | $126,883 | $113,990 |
United States [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 68,877 | 60,420 | 48,602 |
Canada [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 14,388 | 14,212 | 15,051 |
Americas, Excluding Canada and United States [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 1,028 | 1,052 | 1,196 |
Belgium [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 14,961 | 15,668 | 19,319 |
Netherlands [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 14,475 | 12,370 | 6,031 |
EMEA, Excluding Belgium and Netherlands [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | 33,095 | 16,916 | 18,484 |
Asia Pacific [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Geographical Revenue | $4,470 | $6,245 | $5,307 |
Note_19_Segmented_Information_3
Note 19 - Segmented Information (Details) - Segmented Revenue by Revenue Type (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2014 | Jan. 31, 2013 | Jan. 31, 2012 |
Revenues | ' | ' | ' |
Segmented Revenue | $151,294 | $126,883 | $113,990 |
Services [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Segmented Revenue | 137,795 | 116,822 | 105,645 |
Licenses [Member] | ' | ' | ' |
Revenues | ' | ' | ' |
Segmented Revenue | $13,499 | $10,061 | $8,345 |
Note_19_Segmented_Information_4
Note 19 - Segmented Information (Details) - Long-Lived Assets by Geographical Location (USD $) | Jan. 31, 2014 | Jan. 31, 2013 |
In Thousands, unless otherwise specified | ||
Total long-lived assets | ' | ' |
Geograhical long-lived assets | $214,620 | $169,830 |
United States [Member] | ' | ' |
Total long-lived assets | ' | ' |
Geograhical long-lived assets | 67,843 | 72,514 |
Canada [Member] | ' | ' |
Total long-lived assets | ' | ' |
Geograhical long-lived assets | 18,437 | 24,249 |
Belgium [Member] | ' | ' |
Total long-lived assets | ' | ' |
Geograhical long-lived assets | 28,048 | 32,840 |
Netherlands [Member] | ' | ' |
Total long-lived assets | ' | ' |
Geograhical long-lived assets | 14,802 | 17,204 |
EMEA, Excluding Belgium and Netherlands [Member] | ' | ' |
Total long-lived assets | ' | ' |
Geograhical long-lived assets | $85,490 | $23,023 |