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STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
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Jan. 31, 2013
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| STOCK-BASED COMPENSATION [Abstract] |
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| Restricted stock units transactions |
The following table summarizes RSU transactions for the fiscal year ended January 31, 2013:
| | | Units | | Non-vested at February 1, 2012 | | | 8,385 | | Granted | | | 15,465 | | Vested | | | (8,385 | ) | Forfeited | | | - | | Non-vested at January 31, 2013 | | | 15,465 | |
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| Valuation assumptions |
The application of this valuation model relies on the following assumptions that are judgmental and sensitive in the determination of the compensation expense:
| | | Fiscal Years Ended January 31, | | | | | 2013 | | | 2012 | | | 2011 | | Expected term (years) | | | 5.0 | | | | - | | | | 5.0 | | Risk-free interest rate | | | 0.88% - 2.11 | % | | | - | | | | 1.90% - 3.53 | % | Expected volatility | | | 43% - 45 | % | | | - | | | | 29% - 45 | % | Dividend yield | | | 2.18% - 2.93 | % | | | - | | | | 1.88% - 2.48 | % |
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| Summary of stock option transactions |
The following table summarizes stock option transactions for the fiscal year ended January 31, 2013:
| | | | | | | | | Weighted | | | | | | | | | | | Weighted | | | Average | | | Aggregate | | | | | | | | Average | | | Remaining | | | Intrinsic | | | | | Shares | | | Exercise Price | | | Life (years) | | | Value | | Options: | | | | | | | | | | | | | Outstanding at February 1, 2012 | | | 1,223,292 | | | $ | 10.2437 | | | | 5.52 | | | | . | | Granted | | | 155,224 | | | | 10.0439 | | | | | | | | | | Forfeited | | | (28,078 | ) | | | 10.8943 | | | | | | | | | | Expired | | | (9,956 | ) | | | 5.5476 | | | | | | | | | | Exercised | | | (37,290 | ) | | | 7.9407 | | | | | | | | | | Outstanding at January 31, 2013 | | | 1,303,192 | | | $ | 10.3077 | | | | 4.83 | | | $ | 766,478 | | | | | | | | | | | | | | | | | | | | Exercisable at January 31, 2013 | | | 1,134,088 | | | $ | 10.2890 | | | | 4.23 | | | $ | 718,907 | |
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| Summary of options outstanding and options exercisable |
The following table summarizes information about the options outstanding and options exercisable as of January 31, 2013: | | | Options Outstanding | | | Options Exercisable | | | | | | | | Weighted Average | | | | | | | | | | | | | | | | | Remaining | | | Weighted Average | | | | | | Weighted Average | | | | | Shares | | | Life (years) | | | Exercise Price | | | Shares | | | Exercise Price | | Range of prices: | | | | | | | | | | | | | | | | | $7.00 – 8.99 | | | 108,450 | | | | 2.06 | | | $ | 7.4110 | | | | 108,450 | | | $ | 7.4110 | | | $9.00 – 9.99 | | | 541,107 | | | | 4.92 | | | | 9.5475 | | | | 451,010 | | | | 9.4881 | | | $10.00 – 10.99 | | | 203,391 | | | | 4.90 | | | | 10.7823 | | | | 155,337 | | | | 10.9000 | | | $11.00 – 11.99 | | | 335,800 | | | | 4.78 | | | | 11.5426 | | | | 335,800 | | | | 11.5426 | | | $12.00 – 12.99 | | | 114,444 | | | | 7.12 | | | | 12.1800 | | | | 83,491 | | | | 12.1800 | | | | | | 1,303,192 | | | | 4.83 | | | $ | 10.3077 | | | | 1,134,088 | | | $ | 10.2890 | |
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