Indebtedness (Tables)
 3 Months Ended
Apr. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Debt Outstanding

Debt outstanding as of April 30, 2016, and January 31, 2016, was as follows:

 

 

April 30,

 

 

January 31,

 

(in thousands)

 

2016

 

 

2016

 

4.25% Convertible Notes

 

$

62,398

 

 

$

61,766

 

8.0% Convertible Notes

 

 

97,385

 

 

 

97,205

 

Asset-based facility

 

 

—

 

 

 

—

 

Capitalized lease obligations

 

 

81

 

 

 

106

 

Less amounts representing interest

 

 

(2

)

 

 

(3

)

Total debt

 

 

159,862

 

 

 

159,074

 

Less current maturities of long-term debt

 

 

(65

)

 

 

(88

)

Total long-term debt

 

$

159,797

 

 

$

158,986

 

 
Summary of Carrying Value of Convertible Notes

The following table presents the carrying value of the Convertible Notes as of April 30, 2016 (in thousands):

 

 

April 30,

 

 

January 31,

 

(in thousands)

 

2016

 

 

2016

 

4.25% Convertible Notes:

 

 

 

 

 

 

 

 

Carrying amount of the equity conversion component

 

$

3,106

 

 

$

3,106

 

Principal amount of the 4.25% Convertible Notes

 

$

69,500

 

 

$

69,500

 

Unamortized deferred financing fees

 

 

(1,407

)

 

 

(1,523

)

Unamortized debt discount (1)

 

 

(5,695

)

 

 

(6,211

)

Net carrying amount

 

$

62,398

 

 

$

61,766

 

 

 

 

 

 

 

 

 

 

8.0% Convertible Notes:

 

 

 

 

 

 

 

 

Principal amount of the 8.0% Convertible Notes

 

$

99,898

 

 

$

99,898

 

Unamortized deferred financing fees

 

 

(2,513

)

 

 

(2,693

)

Net carrying amount

 

$

97,385

 

 

$

97,205

 

(1)

As of April 30, 2016, the remaining period over which the unamortized debt discount will be amortized is 30 months using an effective interest rate of 9.0%.