Virco Mfg. (VIRC) 10-Q12 Sep 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
In Millions, except Share data, unless otherwise specified	Jul. 31, 2014	Sep. 05, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'VIRCO MFG CORPORATION	'
Entity Central Index Key	'0000751365	'
Document Type	'10-Q	'
Document Period End Date	31-Jul-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--01-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	$38	'
Entity Common Stock, Shares Outstanding	'	14,852,640

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jul. 31, 2014	Jan. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified	Jul. 31, 2014	Jan. 31, 2014	Jul. 31, 2013
Current assets:	'	'	'
Cash	$1,130	$1,051	$2,443
Trade accounts receivables, net	29,414	8,468	32,088
Other receivables	47	52	107
Income tax receivable	317	290	304
Inventories:	'	'	'
Finished goods, net	20,145	7,237	14,137
Work in process, net	15,161	11,116	12,243
Raw materials and supplies, net	9,977	9,427	10,460
Total inventories	45,283	27,780	36,840
Deferred Tax Assets, Net, Current	203	203	0
Prepaid expenses and other current assets	1,350	1,795	1,724
Total current assets	77,744	39,639	73,506
Property, plant and equipment:	'	'	'
Land	1,671	1,671	1,671
Land improvements	1,189	1,185	1,213
Buildings and building improvements	47,047	47,271	47,263
Machinery and equipment	113,152	115,667	116,335
Leasehold improvements	1,957	2,328	2,417
Total property, plant and equipment	165,016	168,122	168,899
Less accumulated depreciation and amortization	128,970	131,817	132,204
Net property, plant and equipment	36,046	36,305	36,695
Deferred tax assets, net	305	611	1,404
Other assets	6,990	6,789	6,722
Total assets	121,085	83,344	118,327
Current liabilities:	'	'	'
Accounts payable	20,382	12,355	17,282
Accrued compensation and employee benefits	3,860	3,594	4,143
Current portion of long-term debt	27,545	2,248	22,668
Deferred tax liabilities	0	0	572
Other accrued liabilities	7,293	4,459	8,110
Total current liabilities	59,080	22,656	52,775
Non-current liabilities:	'	'	'
Accrued self-insurance retention	2,020	2,025	2,614
Accrued pension expenses	23,132	23,951	25,763
Income tax payable	37	69	98
Long-term debt, less current portion	6,000	6,000	6,000
Other accrued liabilities	1,092	1,038	1,372
Total non-current liabilities	32,281	33,083	35,847
Commitments and contingencies	'	'	'
Preferred stock:	'	'	'
Authorized 3,000,000 shares, $.01 par value; none issued or outstanding	0	0	0
Common stock:	'	'	'
Authorized 25,000,000 shares, $.01 par value; issued and outstanding 14,852,640 shares at 7/31/2014 ; and 14,718,414 at 1/31/2014 and 14,730,319 shares at 07/31/2013	148	147	147
Additional paid-in capital	116,105	115,978	115,817
Accumulated deficit	-73,191	-74,540	-71,077
Accumulated other comprehensive loss	-13,338	-13,980	-15,182
Total stockholdersâ€™ equity	29,724	27,605	29,705
Total liabilities and stockholdersâ€™ equity	$121,085	$83,344	$118,327

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jul. 31, 2014	Jul. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	3,000,000	3,000,000
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	14,852,640	14,730,319
Common stock, shares outstanding	14,852,640	14,730,319

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$53,192	$56,933	$76,722	$76,823
Costs of goods sold	32,346	35,347	47,699	48,828
Gross profit	20,846	21,586	29,023	27,995
Selling, general and administrative expenses	14,770	14,417	26,492	24,919
Restructuring Costs	62	412	62	475
Interest expense, net	505	472	834	800
Income (loss) before income taxes	5,509	6,285	1,635	1,801
Income tax expense (benefit)	306	75	287	38
Net income (loss)	$5,203	$6,210	$1,348	$1,763
Net income (loss) per common share:	'	'	'	'
Basic	$0.35	$0.43	$0.09	$0.12
Diluted	$0.35	$0.42	$0.09	$0.12
Weighted average shares outstanding:	'	'	'	'
Basic	14,725	14,570	14,687	14,506
Diluted	14,874	14,647	14,839	14,591

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements of Comprehensive Loss (USD $)	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	$5,203,000	$6,210,000	$1,348,000	$1,763,000
Other comprehensive income (loss) :	'	'	'	'
Pension adjustments, net of tax	321,000	402,000	642,000	804,000
Comprehensive income (loss)	$5,524,000	$6,612,000	$1,990,000	$2,567,000

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013
Operating activities	'	'
Net income (loss)	$1,348	$1,763
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	2,168	2,046
Provision for doubtful accounts	60	50
(Gain) loss on sale of property, plant and equipment	0	-13
Deferred income taxes	275	0
Stock-based compensation	259	275
Pension settlement	0	0
Changes in operating assets and liabilities:	'	'
Trade accounts receivable	-20,978	-23,304
Other receivables	5	1
Inventories	-17,504	-11,523
Income taxes	-27	-8
Prepaid expenses and other assets	244	53
Accounts payable and accrued liabilities	10,966	9,593
Net cash provided by (used in) operating activities	-23,184	-21,067
Investing activities	'	'
Capital expenditures	-1,904	-1,861
Proceeds from sale of property, plant and equipment	0	19
Net investment in life insurance	0	0
Net cash provided by (used in) investing activities	-1,904	-1,842
Financing activities	'	'
Proceeds from long-term debt	33,545	28,851
Repayment of long-term debt	-8,248	-4,236
Common stock repurchased	-130	-116
Cash dividend paid	0	0
Net cash provided by (used in) financing activities	25,167	24,499
Net increase (decrease) in cash	79	1,590
Cash at beginning of year	1,051	853
Cash at end of year	$1,130	$2,443

Basis_of_Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended July 31, 2014, are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, 2015. The balance sheet at January 31, 2014, has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2014 (“Form 10-K”). All references to the “Company” refer to Virco Mfg. Corporation and its subsidiaries.

Correction_of_Immaterial_Error

Correction of Immaterial Errors	6 Months Ended
	Jul. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
Correction of Immaterial Errors	'
	Correction of Immaterial Errors
	Subsequent to the year ended January 31, 2014, the Company identified certain errors in the condensed consolidated balance sheets and consolidated statements of comprehensive income (loss) for the quarters ended April 30, July 31 and October 31, 2013. The Company previously recorded its quarterly net periodic pension cost as an increase to accrued pension expenses, when a portion of the net periodic pension cost attributed to the recognized net actuarial loss or (gain) should have been recorded as a decrease in the Company’s accumulated other comprehensive loss. These errors have no impact on the amounts previously reported in the Company’s statements of operations or statements of cash flows. Further, these errors have no impact on its consolidated financial statements as of and for the year ended January 31, 2014.
	Management has evaluated the materiality of these errors quantitatively and qualitatively and has concluded that the corrections of these errors are immaterial to the condensed consolidated balance sheets, consolidated statements of comprehensive income (loss), and the financial statements as a whole. Accordingly, the Company has corrected the accompanying condensed consolidated balance sheet and consolidated statement of comprehensive income (loss) for the three and six months ended July 31, 2013, and it intends to revise its condensed consolidated balance sheets and consolidated statements of comprehensive income (loss) for the quarters ended October 31, 2013 through subsequent periodic filings. The effect of recording immaterial corrections in the condensed consolidated balance sheets and consolidated statements of comprehensive income (loss) for the quarters ended July 31 and October 31, 2013 are as follows:


		For the Quarter Ended July 31, 2013				For the Quarter Ended October 31, 2013
	(in thousands)	As Previously Reported		As Corrected		As Previously Reported		As Corrected
	Accrued pension expenses	$	26,567	$	25,763	$	26,398	$	25,192

	Total stockholder’s equity	28,901		29,705		33,181		34,387

	Net income (loss)	6,210		6,210		3,408		3,408

	Comprehensive income (loss)	6,210		6,612		4,208		4,610

	Impact for period-to-date comprehensive income (loss)	1,763		2,567		5,971		7,177

Seasonality

Seasonality	6 Months Ended
Seasonality	Jul. 31, 2014
Seasonality [Abstract]	'
Seasonality	'
	Seasonality
	The market for educational furniture is marked by extreme seasonality, with approximately 50% of the Company’s total sales typically occurring from June to August each year, which is the Company’s peak season. Hence, the Company typically builds and carries significant amounts of inventory during and in anticipation of this peak summer season to facilitate the rapid delivery requirements of customers in the educational market. This requires a large up-front investment in inventory, labor, storage and related costs as inventory is built in anticipation of peak sales during the summer months. As the capital required for this build-up generally exceeds cash available from operations, the Company has historically relied on third-party bank financing to meet cash flow requirements during the build-up period immediately preceding the peak season. In addition, the Company typically is faced with a large balance of accounts receivable during the peak season. This occurs for two primary reasons. First, accounts receivable balances typically increase during the peak season as shipments of products increase. Second, many customers during this period are government institutions, which tend to pay accounts receivable more slowly than commercial customers.
	The Company’s working capital requirements during and in anticipation of the peak summer season require management to make estimates and judgments that affect assets, liabilities, revenues and expenses, and related contingent assets and liabilities. On an ongoing basis, management evaluates its estimates, including those related to market demand, labor costs, and stocking inventory.

New_Accounting_Standards

New Accounting Standards	6 Months Ended
New Accounting Standards	Jul. 31, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Accounting Standards	'
	New Accounting Standards

	In July 2013, the FASB issued accounting guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, or similar tax loss, or a tax carryforward exists. The Company adopted the guidance effective February 1, 2014, the beginning of the Company's 2014 fiscal year. The guidance did not have a material impact on the Company's financial statements.

	In April 2014, the FASB issued accounting guidance which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The guidance will be effective for fiscal years beginning on or after January 31, 2015 and interim periods within those annual periods with early adoption allowed. The Company does not expect the adoption to have a material impact on its financial statements.

	In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2016 and allows for either full retrospective or modified retrospective adoption. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements.

Inventories

Inventories	6 Months Ended
Inventories	Jul. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories
	Inventories primarily consist of raw materials, work in progress, and finished goods of manufactured products. In addition, the Company maintains an inventory of finished goods purchased for resale. Inventories are stated at lower of cost or market and consist of materials, labor, and overhead. The Company determines the cost of inventory by the first-in, first-out method. The value of inventory includes any related production overhead costs incurred in bringing the inventory to its present location and condition. The Company records the cost of excess capacity as a period expense, not as a component of capitalized inventory valuation.
	Management continually monitors production costs, material costs and inventory levels to determine that interim inventories are fairly stated.

Debt

Debt	6 Months Ended
	Jul. 31, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt
	Outstanding balances (in thousands) for the Company’s long-term debt were as follows:



		7/31/14		1/31/14		7/31/13
		(in thousands)
	Revolving credit line	$	33,545	$	8,248	$	28,668

	Other	—		—		—

	Total debt	33,545		8,248		28,668

	Less current portion	27,545		2,248		22,668

	Non-current portion	$	6,000	$	6,000	$	6,000


	On December 22, 2011 (the Closing Date), the Company entered into a Revolving Credit and Security Agreement (the Credit Agreement) with PNC Bank, National Association, as administrative agent and lender (PNC). On June 15, 2012, the Company entered into Amendment No. 1 (Amendment No. 1) to the Credit Agreement which, among other things, increased the borrowing availability thereunder by $3,000,000 from $6,000,000 to $9,000,000 for the period from May 1 through July 14 of each year. On July 27, 2012, the Company entered into Amendment No. 2 (Amendment No. 2) to the Credit Agreement which, among other things, reduced the minimum EBITDA financial covenant contained therein for the five consecutive months ending June 2012 from $1,600,000 to $300,000. On September 12, 2012, the Company entered into Amendment No. 3 (Amendment No. 3) to the Credit Agreement which, among other things, modified the minimum EBITDA covenant for the balance of the fiscal year. On December 6, 2012, the Company entered into Amendment No. 4 (Amendment No. 4) to the Credit Agreement which, among other things, waived the violation of the minimum EBITDA and minimum tangible net worth covenants at October 31, 2012 and eliminated the minimum EBITDA covenant at November 30, 2012. On March 1, 2013, the Company entered into Amendment No. 5 (Amendment No. 5) to the Credit Agreement, which among other things modified the minimum tangible net worth covenant for the periods from January 31, 2013 to January 31, 2014, modified the minimum EBIDTA covenant for certain periods to January 31, 2014 and waived the violation of the minimum EBITDA covenant for the eleven consecutive fiscal month period ending December 31, 2012. On January 9, 2014, the Company entered into Amendment No. 6 (Amendment No. 6) to the Credit Agreement, which, among other things, amended the definition of “Peak Season” and increased the peak season borrowing capacity. On April 15, 2014, the Company entered into Amendment No. 7 (Amendment No. 7) to the Credit Agreement, which, among other things, extended the maturity date of the Credit Agreement for three years until December 22, 2017, reduced the maximum availability under the Credit Agreement by 10,000,000 from $60,000,000 to $50,000,000, waived the violation of the minimum EBITDA covenant at January 31, 2014, waived the violation of the fixed charge coverage ratio covenant at January 31, 2014, included levels for the minimum tangible net worth financial covenant and a minimum EBITDA financial covenant for fiscal year 2014 and the minimum fixed charge coverage ratio until the maturity date of the Credit Agreement. On August 18, 2014, the Company entered into Amendment No. 8 (Amendment No. 8) to the Credit Agreement which, among other things, extended the draw period under the temporary equipment line.
	The Credit Agreement, as amended, provides the Company with a secured revolving line of credit (the Revolving Credit Facility) of up to $50,000,000, with seasonal adjustments to the credit limit and subject to borrowing base limitations, and includes a sub-limit of up to $3,000,000 for issuances of letters of credit. The Revolving Credit Facility is an asset-based line of credit that is subject to a borrowing base limitation and generally provides for advances of up to 85% of eligible accounts receivable, plus a percentage equal to the lesser of 60% of the value of eligible inventory or 85% of the liquidation value of eligible inventory, plus an amount ranging from $8,000,000 to $14,000,000 from January 1 through July 31 of each year, minus undrawn amounts of letters of credit and reserves. The Revolving Credit Facility is secured by substantially all of the Company's personal property and certain of the Company's real property. The principal amount outstanding under the Credit Agreement and any accrued and unpaid interest is due no later than December 22, 2017, and the Revolving Credit Facility is subject to certain prepayment penalties upon earlier termination of the Revolving Credit Facility. Prior to the maturity date, principal amounts outstanding under the Credit Agreement may be repaid and reborrowed at the option of the Company without premium or penalty, subject to borrowing base limitations, seasonal adjustments and certain other conditions.
	The Revolving Credit Facility bears interest, at the Company's option, at either the Alternate Base Rate (as defined in the Credit Agreement) or the Eurodollar Currency Rate (as defined in the Credit Agreement), in each case plus an applicable margin. The applicable margin for Alternate Base Rate loans is a percentage within a range of 0.75% to 1.75%, and the applicable margin for Eurodollar Currency Rate loans is a percentage within a range of 1.75% to 2.75%, in each case based on the EBITDA of the Company at the end of each fiscal quarter, and may be increased at PNC's option by 2.0% during the continuance of an event of default. Accrued interest with respect to principal amounts outstanding under the Credit Agreement is payable in arrears on a monthly basis for Alternative Base Rate loans, and at the end of the applicable interest period but at most every three months for Eurodollar Currency Rate loans.
	The Credit Agreement contains a covenant that forbids the Company from issuing dividends or making payments with respect to the Company's capital stock, and contains numerous other covenants that limit under certain circumstances the ability of the Company and their subsidiaries to, among other things, merge with or acquire other entities, incur new liens, incur additional indebtedness, repurchase stock, sell assets outside of the ordinary course of business, enter into transactions with affiliates, or substantially change the general nature of the business of the Company, taken as a whole. The Credit Agreement also requires the Company to maintain the following financial maintenance covenants: (1) a minimum tangible net worth amount, (2) a minimum fixed charge coverage ratio, and (3) a minimum EBITDA amount, in each case as of the end of the relevant monthly, quarterly or annual measurement period. As of July 31, 2014 the Credit Agreement required the Company to maintain: (1) a minimum tangible net worth of at least $26,350,000 for the fiscal quarter ending July 31, 2014, (2) a minimum fixed charge coverage ratio of at least 1.00 to 1.00 for the four consecutive fiscal quarters ending January 31, 2015, and (3) a minimum EBITDA amount of $4,420,000 for the six months ended July 31, 2014 and $5,512,000 for the twelve consecutive fiscal months ending January 31, 2015.
	In addition, the Credit Agreement contains a clean down provision that requires the Company to reduce borrowings under the line to less than $6,000,000 for a period of 60 consecutive days each fiscal year. The Company believes that normal operating cash flow will allow it to meet the clean down requirement with no adverse impact on the Company's liquidity. The Company was in compliance with its covenants at July 31, 2014.
	Events of default (subject to certain cure periods and other limitations) under the Credit Agreement include, but are not limited to, (i) non-payment of principal, interest or other amounts due under the Credit Agreement, (ii) the violation of terms, covenants, representations or warranties in the Credit Agreement or related loan documents, (iii) any event of default under agreements governing certain indebtedness of the Company and certain defaults by the Company under other agreements that would materially adversely affect the Company, (iv) certain events of bankruptcy, insolvency or liquidation involving the Company, (v) judgments or judicial actions against the Company in excess of $250,000, subject to certain conditions, (vi) the failure of the Company to comply with Pension Benefit Plans (as defined in the Credit Agreement), (vii) the invalidity of loan documents pertaining to the Credit Agreement, (viii) a change of control of the Company and (ix) the interruption of operations of any of the Company' manufacturing facilities for five consecutive days during the peak season or fifteen consecutive days during any other time, subject to certain conditions.
	Pursuant to the Credit Agreement, substantially all of the Company' accounts receivable are automatically and promptly swept to repay amounts outstanding under the Revolving Credit Facility upon receipt by the Company. Due to this automatic liquidating nature of the Revolving Credit Facility, if the Company breach any covenant, violate any representation or warranty or suffer a deterioration in their ability to borrow pursuant to the borrowing base calculation, the Company may not have access to cash liquidity unless provided by PNC at its discretion. In addition, certain of the covenants and representations and warranties set forth in the Credit Agreement contain limited or no materiality thresholds, and many of the representations and warranties must be true and correct in all material respects upon each borrowing, which the Company expect to occur on an ongoing basis. There can be no assurance that the Company will be able to comply with all such covenants and be able to continue to make such representations and warranties on an ongoing basis.
	The Company's line of credit with PNC is structured to provide seasonal credit availability during the Company's peak summer season. The Company believes that the Revolving Credit Facility will provide sufficient liquidity to meet its capital requirements in the next 12 months. Approximately $18,360,000 was available for borrowing as of July 31, 2014.
	The descriptions set forth herein of the Credit Agreement, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No. 7 and Amendment No. 8 are qualified in their entirety by the terms of such agreements, each of which has been filed with the Securities and Exchange Commission.
	Management believes that the carrying value of debt approximated fair value at July 31, 2014 and 2013, as all of the long-term debt bears interest at variable rates based on prevailing market conditions.

Net_Income_Loss_per_Share

Net Income (Loss) per Share	6 Months Ended
	Jul. 31, 2014
Earnings Per Share [Abstract]	'
Net Income (Loss) per Share	'
	Net Income (Loss) per Share



		Three Months Ended				Six Months Ended
		7/31/14		7/31/13		7/31/14		7/31/13
		(In thousands, except per share data)
	Net income (loss)	$	5,203	$	6,210	$	1,348	$	1,763

	Average shares outstanding	14,725		14,570		14,687		14,506

	Net effect of dilutive stock options based on the treasury stock method using average market price	149		77		152		85

	Totals	14,874		14,647		14,839		14,591


	Net income (loss) per share - basic	$	0.35	$	0.43	$	0.09	$	0.12

	Net income (loss) per share - diluted	$	0.35	$	0.42	$	0.09	$	0.12

Income_Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Income Taxes
	The Company recognizes deferred income taxes under the asset and liability method of accounting for income taxes in accordance with the provisions of ASC No. 740, “Accounting for Income Taxes.” Deferred income taxes are recognized for differences between the financial statement and tax basis of assets and liabilities at enacted statutory tax rates in effect for the years in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. In assessing the realizability of deferred tax assets, the Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income or reversal of deferred tax liabilities during the periods in which those temporary differences become deductible. Based on this consideration, the Company determined the realization of a majority of the net deferred tax assets do not meet the more likely than not criteria and a valuation allowance was recorded against the majority of the net deferred tax assets at July 31, 2014. The effective tax rate for the quarter ended July 31, 2014 was impacted by the valuation allowance and a discrete item associated with uncertain tax positions.
	The Company is currently under IRS examination for the year ended January 31, 2013. The years ended January 31, 2012 and January 31, 2014 remain open for examination by the IRS. The years ended January 31, 2010 through January 31, 2014 remain open for examination by state tax authorities. The Company is not currently under any state examinations.
	The specific timing of when the resolution of each tax position will be reached is uncertain. As of July 31, 2014, we do not believe that there are any positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months.

StockBased_Compensation_and_St

Stock-Based Compensation and Stockholders' Rights	6 Months Ended
	Jul. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Based Compensation and Stockholders' Rights	'
	Stock-Based Compensation and Stockholders’ Rights
	Stock Incentive Plans
	The Company's two stock plans are the 2011 Employee Stock Incentive Plan (the “2011 Plan”) and the 2007 Employee Incentive Stock Plan (the “2007 Plan”). Under the 2011 Plan, the Company may grant an aggregate of 2,000,000 shares to its employees and non-employee directors in the form of stock options or awards. Restricted stock or stock units awarded under the 2011 Plan are expensed ratably over the vesting period of the awards. The Company determines the fair value of its restricted stock unit awards and related compensation expense as the difference between the market value of the awards on the date of grant less the exercise price of the awards granted. The Company granted 518,626 awards under the 2011 Plan during the quarter ended July 31, 2014. As of July 31, 2014, there were approximately 830,694 shares available for future issuance under the 2011 Plan.
	Under the 2007 Plan, the Company may grant an aggregate of 1,000,000 shares to its employees and non-employee directors in the form of stock options or awards. Restricted stock or stock units awarded under the 2007 Plan are expensed ratably over the vesting period of the awards. The Company determines the fair value of its restricted stock unit awards and related compensation expense as the difference between the market value of the awards on the date of grant less the exercise price of the awards granted. The Company granted 0 awards under the 2007 Plan during 2013 and 0 awards under the 2007 Plan during the quarter ended July 31, 2014. As of July 31, 2014, there were approximately 13,075 shares available for future issuance under the 2007 Plan.

	Accounting for the Plans
	Restricted Stock Unit Awards
	The following table presents a summary of restricted stock and stock unit awards at July 31, 2014 and 2013:


				Expense for 3 months ended				Expense for 6 months ended				Unrecognized
												Compensation
												Cost at
	Date of Grants	Units Granted	Terms of Vesting	7/31/14		7/31/13		7/31/14		7/31/13		7/31/14
	2011 Stock Incentive Plan
	6/24/14	28,626	1 year	$	13,000	$	—	$	13,000	$	—	$	62,000

	6/24/14	490,000	5 year	43,000		—		43,000		—		1,237,000

	12/3/13	10,000	1 year	6,000		—		12,000		—		—

	6/25/13	71,430	1 year	13,000		30,000		50,000		30,000		—

	6/19/12	31,250	1 year	—		4,000		—		17,000		—

	6/19/12	520,000	5 year	39,000		40,000		79,000		82,000		444,000

	2007 Stock Incentive Plan
	6/19/12	78,125	1 year	—		11,000		—		41,000		—

	6/16/09	382,500	5 year	15,000		49,000		62,000		105,000		—

	Totals for the period			$	129,000	$	134,000	$	259,000	$	275,000	$	1,743,000

	Stockholders’ Rights

	On October 15, 1996, the Board of Directors declared a dividend of one preferred stock purchase right (the "Rights") for each outstanding share of the Company's common Stock. The Rights were terminated on July 28, 2014 prior to becoming exercisable.

Stockholders_Equity

Stockholdersâ€™ Equity	6 Months Ended
Stockholdersâ€™ Equity	Jul. 31, 2014
Equity [Abstract]	'
Stockholdersâ€™ Equity	'
	Stockholders’ Equity
	During the three months ended July 31, 2014, the Company did not repurchase any shares of its common stock. As of July 31, 2014, $1.1 million remained available for repurchases of the Company’s common stock pursuant to the Company’s repurchase program approved by the Board of Directors, subject to restriction under the Company's Credit Agreement with PNC. Pursuant to the Company’s Credit Agreement with PNC, the Company is prohibited from repurchasing any shares of its stock except in cases where a repurchase is financed by a substantially concurrent issuance of new shares of the Company’s common stock.

Retirement_Plans_Retirement_Pl

Retirement Plans Retirement Plans	6 Months Ended
	Jul. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Retirement Plans	'
	Retirement Plans

	The Company and its subsidiaries cover employees under a noncontributory defined benefit retirement plan, entitled the Virco Employees’ Retirement Plan (the “Pension Plan”). Benefits under the Employees Retirement Plan are based on years of service and career average earnings. As more fully described in the Form 10-K, benefit accruals under the Employees Retirement Plan were frozen effective December 31, 2003.

	The Company also provides a supplementary retirement plan for certain key employees, the VIP Retirement Plan (the “VIP Plan”). The VIP Plan provides a benefit of up to 50% of average compensation for the last 5 years in the VIP Plan, offset by benefits earned under the Pension Plan. As more fully described in the Form 10-K, benefit accruals under this plan were frozen effective December 31, 2003.
	The Company also provides a non-qualified plan for non-employee directors of the Company (the “Non-Employee Directors Retirement Plan”). The Non-Employee Directors Retirement Plan provides a lifetime annual retirement benefit equal to the director’s annual retainer fee for the fiscal year in which the director terminates his or her position with the Board, subject to the director providing 10 years of service to the Company. As more fully described in the Form 10-K, benefit accruals under this plan were frozen effective December 31, 2003.
	The net periodic pension cost (income) for the Pension Plan, the VIP Plan, and the Non-Employee Directors Retirement Plan for the three months and six months ended July 31, 2014 and 2013 were as follows (in thousands):



		Three Months Ended
		Pension Plan						VIP Plan				Non-Employee Directors Retirement Plan
		7/31/14			7/31/13			7/31/14		7/31/13		7/31/14			7/31/13
	Service cost	$	—		$	—		$	—	$	—	$	—		$	—

	Interest cost	315			322			88		83		4			4

	Expected return on plan assets	(275		)	(276		)	—		—		—			—

	Amortization of transition amount	—			—			—		—		—			—

	Recognized (gain) loss due to curtailments	—			—			—		—		—			—

	Amortization of prior service cost	—			—			—		—		—			—

	Recognized net actuarial (gain) loss	284			350			45		55		(8		)	(3		)

	Benefit cost	$	324		$	396		$	133	$	138	$	(4	)	$	1




		Six months Ended
		Pension Plan						VIP Plan				Non-Employee Directors Retirement Plan
		7/31/14			7/31/13			7/31/14		7/31/13		7/31/14			7/31/13
	Service cost	$	—		$	—		$	—	$	—	$	—		$	—

	Interest cost	630			644			176		166		8			8

	Expected return on plan assets	(550		)	(552		)	—		—		—			—

	Amortization of transition amount	—			—			—		—		—			—

	Recognized (gain) loss due to curtailments	—			—			—		—		—			—

	Amortization of prior service cost	—			—			—		—		—			—

	Recognized net actuarial (gain) loss	568			700			90		110		(16		)	(6		)

	Benefit cost	$	648		$	792		$	266	$	276	$	(8	)	$	2

Warranty_Accrual

Warranty Accrual	6 Months Ended
	Jul. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Warranty Accrual	'
	Warranty Accrual
	The Company provides a warranty against all substantial defects in material and workmanship. In 2005 the Company extended its standard warranty from five years to 10 years. Effective February 1, 2014 the Company modified its warranty to a limited lifetime warranty. The new warranty effective February 1, 2014 is not anticipated to have a significant effect on warranty expense. The Company’s warranty is not a guarantee of service life, which depends upon events outside the Company’s control and may be different from the warranty period. The Company accrues an estimate of its exposure to warranty claims based upon both product sales data and an analysis of actual warranty claims incurred.
	The following is a summary of the Company’s warranty-claim activity for the three months and six months ended July 31, 2014 and 2013.


		Three Months Ended						Six Months Ended
		7/31/14			7/31/13			7/31/14			7/31/13
		(In thousands)
	Beginning balance	$	1,000		$	1,000		$	1,000		$	1,000

	Provision	83			75			218			216

	Costs incurred	(83		)	(75		)	(218		)	(216		)
	Ending balance	$	1,000		$	1,000		$	1,000		$	1,000

Subsequent_Events

Subsequent Events	6 Months Ended
Subsequent Events	Jul. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	We have evaluated subsequent events to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Such events were evaluated through the date these financial statements were issued. Based upon this evaluation, it was determined that, no subsequent events occurred that required recognition or disclosure in the financial statements.

Correction_of_Immaterial_Error1

Correction of Immaterial Errors (Tables)	6 Months Ended
	Jul. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
Schedule of effect of recording immaterial corrections in the condensed consolidated balance sheets and consolidated statements of comprehensive income (loss)	'
	The effect of recording immaterial corrections in the condensed consolidated balance sheets and consolidated statements of comprehensive income (loss) for the quarters ended July 31 and October 31, 2013 are as follows:


		For the Quarter Ended July 31, 2013				For the Quarter Ended October 31, 2013
	(in thousands)	As Previously Reported		As Corrected		As Previously Reported		As Corrected
	Accrued pension expenses	$	26,567	$	25,763	$	26,398	$	25,192

	Total stockholder’s equity	28,901		29,705		33,181		34,387

	Net income (loss)	6,210		6,210		3,408		3,408

	Comprehensive income (loss)	6,210		6,612		4,208		4,610

	Impact for period-to-date comprehensive income (loss)	1,763		2,567		5,971		7,177

Debt_Tables

Debt (Tables)	6 Months Ended
	Jul. 31, 2014
Debt Disclosure [Abstract]	'
Outstanding balances of long-term debt	'
	Debt
	Outstanding balances (in thousands) for the Company’s long-term debt were as follows:



		7/31/14		1/31/14		7/31/13
		(in thousands)
	Revolving credit line	$	33,545	$	8,248	$	28,668

	Other	—		—		—

	Total debt	33,545		8,248		28,668

	Less current portion	27,545		2,248		22,668

	Non-current portion	$	6,000	$	6,000	$	6,000

Net_Income_Loss_per_Share_Tabl

Net Income (Loss) per Share (Tables)	6 Months Ended
	Jul. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'


		Three Months Ended				Six Months Ended
		7/31/14		7/31/13		7/31/14		7/31/13
		(In thousands, except per share data)
	Net income (loss)	$	5,203	$	6,210	$	1,348	$	1,763

	Average shares outstanding	14,725		14,570		14,687		14,506

	Net effect of dilutive stock options based on the treasury stock method using average market price	149		77		152		85

	Totals	14,874		14,647		14,839		14,591


	Net income (loss) per share - basic	$	0.35	$	0.43	$	0.09	$	0.12

	Net income (loss) per share - diluted	$	0.35	$	0.42	$	0.09	$	0.12

StockBased_Compensation_and_St1

Stock-Based Compensation and Stockholders' Rights (Tables)	6 Months Ended
	Jul. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Restricted Stock and Stock Unit Award Activity	'
	Restricted Stock Unit Awards
	The following table presents a summary of restricted stock and stock unit awards at July 31, 2014 and 2013:


				Expense for 3 months ended				Expense for 6 months ended				Unrecognized
												Compensation
												Cost at
	Date of Grants	Units Granted	Terms of Vesting	7/31/14		7/31/13		7/31/14		7/31/13		7/31/14
	2011 Stock Incentive Plan
	6/24/14	28,626	1 year	$	13,000	$	—	$	13,000	$	—	$	62,000

	6/24/14	490,000	5 year	43,000		—		43,000		—		1,237,000

	12/3/13	10,000	1 year	6,000		—		12,000		—		—

	6/25/13	71,430	1 year	13,000		30,000		50,000		30,000		—

	6/19/12	31,250	1 year	—		4,000		—		17,000		—

	6/19/12	520,000	5 year	39,000		40,000		79,000		82,000		444,000

	2007 Stock Incentive Plan
	6/19/12	78,125	1 year	—		11,000		—		41,000		—

	6/16/09	382,500	5 year	15,000		49,000		62,000		105,000		—

	Totals for the period			$	129,000	$	134,000	$	259,000	$	275,000	$	1,743,000

Retirement_Plans_Retirement_Pl1

Retirement Plans Retirement Plans (Tables)	6 Months Ended
	Jul. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Defined Benefit Plans Disclosures	'
	The net periodic pension cost (income) for the Pension Plan, the VIP Plan, and the Non-Employee Directors Retirement Plan for the three months and six months ended July 31, 2014 and 2013 were as follows (in thousands):



		Three Months Ended
		Pension Plan						VIP Plan				Non-Employee Directors Retirement Plan
		7/31/14			7/31/13			7/31/14		7/31/13		7/31/14			7/31/13
	Service cost	$	—		$	—		$	—	$	—	$	—		$	—

	Interest cost	315			322			88		83		4			4

	Expected return on plan assets	(275		)	(276		)	—		—		—			—

	Amortization of transition amount	—			—			—		—		—			—

	Recognized (gain) loss due to curtailments	—			—			—		—		—			—

	Amortization of prior service cost	—			—			—		—		—			—

	Recognized net actuarial (gain) loss	284			350			45		55		(8		)	(3		)

	Benefit cost	$	324		$	396		$	133	$	138	$	(4	)	$	1




		Six months Ended
		Pension Plan						VIP Plan				Non-Employee Directors Retirement Plan
		7/31/14			7/31/13			7/31/14		7/31/13		7/31/14			7/31/13
	Service cost	$	—		$	—		$	—	$	—	$	—		$	—

	Interest cost	630			644			176		166		8			8

	Expected return on plan assets	(550		)	(552		)	—		—		—			—

	Amortization of transition amount	—			—			—		—		—			—

	Recognized (gain) loss due to curtailments	—			—			—		—		—			—

	Amortization of prior service cost	—			—			—		—		—			—

	Recognized net actuarial (gain) loss	568			700			90		110		(16		)	(6		)

	Benefit cost	$	648		$	792		$	266	$	276	$	(8	)	$	2

Warranty_Accrual_Warranty_Tabl

Warranty Accrual Warranty (Tables)	6 Months Ended
	Jul. 31, 2014
Guarantees [Abstract]	'
Schedule of Product Warranty Liability	'
	The following is a summary of the Company’s warranty-claim activity for the three months and six months ended July 31, 2014 and 2013.


		Three Months Ended						Six Months Ended
		7/31/14			7/31/13			7/31/14			7/31/13
		(In thousands)
	Beginning balance	$	1,000		$	1,000		$	1,000		$	1,000

	Provision	83			75			218			216

	Costs incurred	(83		)	(75		)	(218		)	(216		)
	Ending balance	$	1,000		$	1,000		$	1,000		$	1,000

Seasonality_Details

Seasonality (Details) (Sales [Member])	6 Months Ended
Seasonality (Details) (Sales [Member])	Jul. 31, 2014
Sales [Member]	'
Seasonality (Textual) [Abstract]	'
The market for educational furniture is marked by extreme seasonality	50.00%

Correction_of_Immaterial_Error2

Correction of Immaterial Errors (Effect of recording immaterial corrections in the condensed consolidated balance sheets and consolidated statements of comprehensive income (loss))(Details) (USD $)	3 Months Ended			6 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Oct. 31, 2013	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013	Oct. 31, 2013	Jan. 31, 2014
Accrued pension expenses	$23,132	$25,192	$25,763	$23,132	$25,763	$25,192	$23,951
Total stockholderâ€™s equity	29,724	34,387	29,705	29,724	29,705	34,387	27,605
Net income (loss)	5,203	3,408	6,210	1,348	1,763	'	'
Comprehensive income (loss)	5,524	4,610	6,612	1,990	2,567	7,177	'
As Previously Reported	'	'	'	'	'	'	'
Accrued pension expenses	'	26,398	26,567	'	26,567	26,398	'
Total stockholderâ€™s equity	'	33,181	28,901	'	28,901	33,181	'
Net income (loss)	'	3,408	6,210	'	'	'	'
Comprehensive income (loss)	'	$4,208	$6,210	'	$1,763	$5,971	'

Debt_Longterm_Debt_Details

Debt (Long-term Debt) (Details) (USD $)	Jul. 31, 2014	Jan. 31, 2014	Jul. 31, 2013
In Thousands, unless otherwise specified	Jul. 31, 2014	Jan. 31, 2014	Jul. 31, 2013
Debt Instrument [Line Items]	'	'	'
Long-term debt	$33,545	$8,248	$28,668
Less current portion	27,545	2,248	22,668
Non-current portion	6,000	6,000	6,000
Revolving Credit Facility [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	33,545	8,248	28,668
Other Debt [Member]	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	$0	$0	$0

Net_Income_Loss_per_Share_Deta

Net Income (Loss) per Share (Details) (USD $)	3 Months Ended			6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jul. 31, 2014	Oct. 31, 2013	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'
Net income (loss)	$5,203	$3,408	$6,210	$1,348	$1,763
Average shares outstanding	14,725	'	14,570	14,687	14,506
Net effect of dilutive stock options based on the treasury stock method using average market price	149	'	77	152	85
Totals	14,874	'	14,647	14,839	14,591
Earnings Per Share, Basic	$0.35	'	$0.43	$0.09	$0.12
Earnings Per Share, Diluted	$0.35	'	$0.42	$0.09	$0.12

Debt_Narrative_Details

Debt (Narrative) (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

0 Months Ended

6 Months Ended

Jul. 31, 2014

Jul. 14, 2012

Jun. 15, 2012

Jun. 14, 2012

Jul. 27, 2012

Apr. 15, 2014

Apr. 14, 2014

Jul. 31, 2014

Dec. 22, 2011

Jul. 31, 2014

Jan. 31, 2015

Accounts receivable [Member]

Inventory [Member]

Minimum [Member]

Maximum [Member]

Credit Agreement [Member]

PNC [Member]

Eurodollar [Member]

Alternate Base Rate Loans [Member]

Scenario, Forecast [Member]

Accounts receivable [Member]

Revolving Credit Facility [Member]

Minimum [Member]

Maximum [Member]

London Interbank Offered Rate LIBOR [Member]

Credit Agreement [Member]

Amendment No. 1 to the Credit Agreement [Member]

Amendment No. 2 to the Credit Agreement [Member]

Amendment No. 7 To The Credit Agreement [Member]

Credit Agreement [Member]

Minimum [Member]

Maximum [Member]

Line of Credit Facility [Line Items]

Increase(Decrease) in borrowing capacity

$3,000,000

($10,000,000)

Line of Credit Facility, Maximum Borrowing Capacity

9,000,000

6,000,000

50,000,000

60,000,000

Minimum EBITDA

4,420,000

300,000

1,600,000

5,512,000

Revolving credit facility

8,000,000

14,000,000

Sub-limit for issuances of letters of credit

3,000,000

Revolving credit facility borrowing base limitation

85.00%

60.00%

85.00%

Revolving credit facility bears interest range of

1.75%

2.75%

0.75%

1.75%

Revolving Credit Facility bears interest increased

2.00%

Minimum tangible net worth covenant

26,350,000

Minimum fixed charge coverage ratio

Provision to reduce borrowings under the line

6,000,000

Provision to reduce borrowings under the line, period

'60 days

Judgments or judicial actions against the borrowers in excess

250,000

Remaining borrowing capacity

$18,360,000

StockBased_Compensation_and_St2

Stock-Based Compensation and Stockholders' Rights (Restricted Stock Units) (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

12 Months Ended

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jul. 31, 2013

Jul. 31, 2014

Jan. 31, 2014

Restricted Stock or Stock Units [Member]

2011 Plan [Member]

2007 Plan [Member]

28626 units of restricted stock issued on 6/24/2014 vesting over 1 year [Member]

490,000 units of restricted stock issued on 6/24/2014 vesting over 5 Year [Member]

10000 units of restricted stock issued on 12/3/2013 vesting over 1 year [Member]

71,430 units of restricted stock issued on 6/25/2013 vesting over 1yr [Member]

31,250 units of restricted stock issued on 6/19/2012 vesting over 1 year

520,000 Grants of Restricted Stock, issued 6/19/2012, vesting over 5 years [Member]

Restricted Stock or Stock Units [Member]

Grants of Restricted Stock, issued 6/19/2012, vesting over 1 year [Member]

40,000 Grants of Restricted Stock, issued 3/21/2012, vesting immediately [Member]

68,960 Grants of Restricted Stock, issued 6/21/2011, vesting over 1 year [Member]

56,455 Grants of Restricted Stock, issued 6/8/2010, vesting over 1 year [Member]

382,500 Restricted Stock Units, issued 6/16/2009, vesting over 5 years [Member]

262,500 Restricted Stock Units, issued 6/19/2007, vesting over 5 years [Member]

Restricted Stock or Stock Units [Member]

Summary of restricted stock and stock unit awards

Granted

28,626

490,000

10,000

71,430

31,250

520,000

518,626

78,125

40,000

68,960

56,455

382,500

262,500

Maximum term of stock options

'1 year

'5 years

'1 year

'5 years

'1 year

'5 years

Expense for 3 months and 6 months ended

$129,000

$134,000

$259,000

$275,000

$13,000

$43,000

$6,000

$12,000

$13,000

$30,000

$50,000

$30,000

$4,000

$17,000

$39,000

$40,000

$79,000

$82,000

$11,000

$41,000

$15,000

$49,000

$62,000

$105,000

Unrecognized compensation at cost

$1,743,000

$62,000

$1,237,000

$444,000

Restricted Stock Units

Granted

28,626

490,000

10,000

71,430

31,250

520,000

518,626

78,125

40,000

68,960

56,455

382,500

262,500

StockBased_Compensation_and_St3

Stock-Based Compensation and Stockholders' Rights (Textual) (Details) (USD $)	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jan. 31, 2014	Jul. 31, 2014
			Restricted Stock or Stock Units [Member]	Restricted Stock or Stock Units [Member]	Restricted Stock or Stock Units [Member]
			2007 Plan [Member]	2007 Plan [Member]	2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Grant of stock option or awards	'	'	2,000,000	'	'
Granted during the year	'	'	0	0	518,626
Stock available for future issuance	'	'	13,075	'	830,694
Preferred stock, par value	$0.01	$0.01	'	'	'

Stockholders_Equity_Details

Stockholders' Equity (Details)	Jul. 31, 2014
In Millions, unless otherwise specified	Jul. 31, 2014
Equity [Abstract]	'
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	1.1

Retirement_Plans_Periodic_Pens

Retirement Plans (Periodic Pension Cost) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Components of Net Cost	'	'	'	'
Amortization of prior service cost	'	$0	'	$0
Employee Plan [Member]	'	'	'	'
Components of Net Cost	'	'	'	'
Service cost	0	0	0	0
Interest cost	315	322	630	644
Expected return on plan assets	-275	-276	-550	-552
Amortization of transition amount	0	0	0	0
Recognized (gain) loss due to curtailments	0	0	0	0
Amortization of prior service cost	0	0	0	0
Recognized net actuarial (gain) loss	284	350	568	700
Benefit cost	324	396	648	792
VIP Retirement Plan [Member]	'	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	'	'	50.00%	'
Components of Net Cost	'	'	'	'
Service cost	0	0	0	0
Interest cost	88	83	176	166
Expected return on plan assets	0	0	0	0
Amortization of transition amount	0	0	0	0
Recognized (gain) loss due to curtailments	0	0	0	0
Amortization of prior service cost	0	0	0	0
Recognized net actuarial (gain) loss	45	55	90	110
Benefit cost	133	138	266	276
Directors Plan [Member]	'	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'
Director Providing Service To Company	'	'	'10 years	'
Components of Net Cost	'	'	'	'
Service cost	0	0	0	0
Interest cost	4	4	8	8
Expected return on plan assets	0	0	0	0
Amortization of transition amount	0	0	0	0
Recognized (gain) loss due to curtailments	0	0	0	0
Recognized net actuarial (gain) loss	-8	-3	-16	-6
Benefit cost	($4)	$1	($8)	$2

Retirement_Plans_Pension_plan_

Retirement Plans Pension plan actuarial gain or loss (Details)	6 Months Ended
	Jul. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'
Benefit Of Average Compensation Years	'5 years

Warranty_Details

Warranty (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Warranty claim activity	'	'	'	'
Beginning balance	$1,000	$1,000	$1,000	$1,000
Provision	83	75	218	216
Costs incurred	-83	-75	-218	-216
Ending balance	$1,000	$1,000	$1,000	$1,000
Minimum [Member]	'	'	'	'
Warranty [Line Items]	'	'	'	'
Product warranty period	'	'	'5 years	'
Maximum [Member]	'	'	'	'
Warranty [Line Items]	'	'	'	'
Product warranty period	'	'	'10 years	'