Cover Page - shares	3 Months Ended
Cover Page - shares	May 02, 2020	Jun. 23, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 02, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Registrant Name	AstroNova, Inc.
Entity Central Index Key	0000008146
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Trading Symbol	ALOT
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Address, State or Province	RI
Entity Common Stock, Shares Outstanding		7,163,293

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
CURRENT ASSETS
Cash and Cash Equivalents	$ 11,091	$ 4,249
Accounts Receivable, net	18,473	19,784
Inventories, net	32,557	33,925
Prepaid Expenses and Other Current Assets	2,489	2,193
Total Current Assets	64,610	60,151
Property, Plant and Equipment, net	11,377	11,268
Intangible Assets, net	24,328	25,383
Goodwill	11,988	12,034
Deferred Tax Assets, net	5,073	5,079
Right of Use Assets	1,553	1,661
Other Assets	1,071	1,088
TOTAL ASSETS	120,000	116,664
CURRENT LIABILITIES
Accounts Payable	4,282	4,409
Accrued Compensation	2,893	2,700
Other Accrued Expenses	3,697	4,711
Revolving Credit Facility	11,500	6,500
Current Portion of Long-Term Debt	6,602	5,208
Current Liability – Royalty Obligation	2,000	2,000
Current Liability – Excess Royalty Payment Due	586	773
Deferred Revenue	375	466
Total Current Liabilities	31,935	26,767
Long-Term Debt, net of current portion	6,334	7,715
Royalty Obligation, net of current portion	7,550	8,012
Lease Liabilities, net of current portion	1,199	1,279
Deferred Tax Liabilities	378	435
Other Long-Term Liabilities	1,042	1,081
TOTAL LIABILITIES	48,438	45,289
SHAREHOLDERS' EQUITY
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 10,371,704 shares and 10,343,610 shares at May 2, 2020 and January 31, 2020, respectively	518	517
Additional Paid-in Capital	56,656	56,130
Retained Earnings	49,233	49,298
Treasury Stock, at Cost, 3,287,271 and 3,281,701 shares at May 2, 2020 and January 31, 2020, respectively	(33,531)	(33,477)
Accumulated Other Comprehensive Loss, net of tax	(1,314)	(1,093)
TOTAL SHAREHOLDERS' EQUITY	71,562	71,375
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 120,000	$ 116,664

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	May 02, 2020	Jan. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.05	$ 0.05
Common Stock, Shares Authorized	13,000,000	13,000,000
Common Stock, Shares Issued	10,371,704	10,343,610
Treasury Stock, Shares	3,287,271	3,281,701

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Income Statement [Abstract]
Revenue	$ 30,919	$ 36,181
Cost of Revenue	20,064	21,942
Gross Profit	10,855	14,239
Operating Expenses:
Selling and Marketing	5,925	6,765
Research and Development	1,940	2,007
General and Administrative	2,327	2,999
Operating Expenses	10,192	11,771
Operating Income	663	2,468
Other Expense, net	(349)	(368)
Income Before Income Taxes	314	2,100
Income Tax (Benefit) Provision	(118)	400
Net Income	$ 432	$ 1,700
Net Income Per Common Share—Basic:	$ 0.06	$ 0.24
Net Income Per Common Share—Diluted:	$ 0.06	$ 0.23
Weighted Average Number of Common Shares Outstanding—Basic	7,073	6,971
Weighted Average Number of Common Shares Outstanding—Diluted	7,105	7,248

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Statement of Comprehensive Income [Abstract]
Net Income	$ 432	$ 1,700
Other Comprehensive Loss, Net of Taxes
Foreign Currency Translation Adjustments	(142)	(172)
Change in Value of Derivatives Designated as Cash Flow Hedge	(46)	116
(Gains) Losses from Cash Flow Hedges Reclassified to Income Statement	(33)	(144)
Other Comprehensive Loss	(221)	(200)
Comprehensive Income	$ 211	$ 1,500

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Jan. 31, 2019	$ 69,775	$ 511	$ 53,568	$ 49,511	$ (32,997)	$ (818)
Beginning Balance, Shares at Jan. 31, 2019		10,218,559
Share-Based Compensation	601		601
Employee Option Exercises	296	$ 1	306		(11)
Employee Option Exercises, Shares		27,990
Restricted Stock Awards Vested, net	(69)	$ 1	(1)		(69)
Restricted Stock Awards Vested, net, Shares		9,522
Cash Dividend—$0.07 per share	(489)			(489)
Net Income	1,700			1,700
Other Comprehensive Loss	(200)					(200)
Ending Balance at May. 04, 2019	71,614	$ 513	54,474	50,722	(33,077)	(1,018)
Ending Balance, Shares at May. 04, 2019		10,256,071
Beginning Balance at Jan. 31, 2020	71,375	$ 517	56,130	49,298	(33,477)	(1,093)
Beginning Balance, Shares at Jan. 31, 2020		10,343,610
Share-Based Compensation	495		495
Employee Option Exercises	$ 32		32
Employee Option Exercises, Shares	800	4,456
Restricted Stock Awards Vested, net	$ (54)	$ 1	(1)		(54)
Restricted Stock Awards Vested, net, Shares		23,638
Cash Dividend—$0.07 per share	(497)			(497)
Net Income	432			432
Other Comprehensive Loss	(221)					(221)
Ending Balance at May. 02, 2020	$ 71,562	$ 518	$ 56,656	$ 49,233	$ (33,531)	$ (1,314)
Ending Balance, Shares at May. 02, 2020		10,371,704

Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	May 02, 2020	May 04, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividend per share	$ 0.07	$ 0.07

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Cash Flows from Operating Activities:
Net Income	$ 432	$ 1,700
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation and Amortization	1,568	1,584
Amortization of Debt Issuance Costs	12	13
Share-Based Compensation	495	601
Changes in Assets and Liabilities:
Accounts Receivable	1,220	1,439
Inventories	1,237	(2,001)
Income Taxes	(90)	263
Accounts Payable and Accrued Expenses	(1,140)	(2,796)
Other	(314)	184
Net Cash Provided by Operating Activities	3,420	987
Cash Flows from Investing Activities:
Additions to Property, Plant and Equipment	(626)	(586)
Net Cash Used by Investing Activities	(626)	(586)
Cash Flows from Financing Activities:
Net Cash Proceeds from Employee Stock Option Plans	6	270
Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan	26	26
Net Cash Used for Payment of Taxes Related to Vested Restricted Stock	(54)	(69)
Borrowings under Revolving Credit Facility	5,000
Payment of Minimum Guarantee Royalty Obligation	(500)	(375)
Principal Payments of Long-Term Debt		(1,578)
Dividends Paid	(497)	(489)
Net Cash Provided (Used) by Financing Activities	3,981	(2,215)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	67	49
Net Increase (Decrease) in Cash and Cash Equivalents	6,842	(1,765)
Cash and Cash Equivalents, Beginning of Period	4,249	7,534
Cash and Cash Equivalents, End of Period	11,091	5,769
Supplemental Disclosures of Cash Flow Information:
Cash Paid During the Period for Interest	124	110
Cash Paid During the Period for Income Taxes, Net of Refunds	$ 128	142
Schedule of Non-Cash Financing Activities:
Value of Shares Received in Satisfaction of Option Exercise Price		$ 11

Business and Basis of Presentation

3 Months Ended

May 02, 2020

Business and Basis Of Presentation [Abstract]

Business and Basis of Presentation

Note 1 – Business and Basis of Presentation

Overview

Headquartered in West Warwick, Rhode Island, AstroNova, Inc. leverages its expertise in data visualization technologies to design, develop, manufacture and distribute a broad range of specialty printers and data acquisition and analysis systems. Our products are employed around the world in a wide range of applications in the aerospace, apparel, automotive, avionics, chemical, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation industries. In the United States, we have factory-trained direct field salespeople located in major cities from coast to coast. We also have direct field sales or service centers in Canada, China, Denmark, France, Germany, Malaysia, Mexico, Singapore, and the United Kingdom staffed by our own employees and dedicated third-party contractors. Additionally, we utilize over 225 independent dealers and representatives selling and marketing our products in over 60 countries.

Our business consists

of two

segments, Product Identification (“PI”) and Test & Measurement (“T&M”). The PI segment includes specialty printing systems and related supplies sold under the brand names QuickLabel

®

, TrojanLabel

®

and GetLabels

™

. The T&M segment includes our line of aerospace flight deck printers and test and measurement data acquisition systems sold under the AstroNova

®

brand name.

PI products sold under the QuickLabel, TrojanLabel and GetLabels brands are used in brand owner and commercial applications to provide product packaging, marketing, tracking, branding and labeling solutions to a wide array of industries. The PI segment offers a variety of digital color label tabletop printers, high-volume presses and specialty original equipment manufacture

r

(“OEM”) printing systems, as well as a wide range of label, tag and flexible packaging material substrates and other supplies, including ink and toner, that allow customers to mark, track, protect and enhance the appearance of their products. In the T&M segment, we have a long history of using our technologies to provide networking systems and high-resolution light-weight flight deck and cabin printers for the aerospace market. In addition, the T&M segment includes data acquisition recorders, sold under the AstroNova brand, to enable our customers to acquire and record visual and electronic signal data from local and networked data streams and sensors. The recorded data is processed and analyzed and then stored and presented in various visual output formats.

Unless otherwise indicated, references to “AstroNova, “we,” “our,” and “us” in this Quarterly Report on

Form 10-Q

refer to AstroNova, Inc. and its consolidated subsidiaries.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles and reflect all adjustments consisting of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the results of the interim periods included herein. These financial statements do not include all disclosures associated with annual financial statements and, accordingly, should be read in conjunction with our Annual Report on Form

10-K

for the fiscal year ended January 31, 2020.

The presentation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes , including those that require consideration of forecasted financial information, in context of the unknown future impacts of

COVID-19

using information that is reasonably available to us at this time. Some of the more significant estimates relate to revenue recognition, the allowances for doubtful accounts, inventory valuation, income taxes, impairment of long-lived assets and goodwill, share-based compensation, accrued expenses, self-insurance liability accrual and warranty reserves. Management’s estimates are based on the facts and circumstances available at the time estimates are made, historical experience, risk of loss, general economic conditions and trends, and management’s assessments of the probable future outcome of these matters, including our expectations at the time regarding the duration, scope and severity of the

COVID-19

pandemic. Consequently, actual results could differ from those estimates.

Results of operations for the interim periods presented herein are not necessarily indicative of the results that may be expected for the full year.

Certain amounts in the prior year financial statements have been reclassified to conform to the current year’s presentation.

Principles of Consolidation

The accompanying condensed consolidated financial statements include the accounts of AstroNova, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation.

Summary of Significant Accounting Policies

3 Months Ended

May 02, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – Summary of Significant Accounting Policies Update

The accounting polices used in preparing the condensed consolidated financial statements in this Form

10-Q

are the same as those used in preparing

our

consolidated financial statements as of and for the year ended January 31, 2020 and included in our Annual Report on Form

10-K

for the fiscal year ended January 31, 2020.

Recently Adopted Accounting Pronouncements

Fair Value Measurement

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”)

2018-13, “Fair

Value Measurement (Topic 820), Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU

2018-13

modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The provisions of ASU

2018-13

relating to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. The remaining provisions should be applied retrospectively to all periods presented upon their effective date. We adopted the provisions of this guidance effective February 1, 2020. The adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures.

Recent Accounting Standards Not Yet Adopted

Reference Rate Reform

In March 2020, the FASB issued ASU

2020-04,

“Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU

2020-04

provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently in the process of evaluating the impact of the transition from LIBOR to an alternative reference rate, but we do not expect that to have a material impact on our consolidated financial statements.

No other new accounting pronouncements, issued or effective during the first three months of the current fiscal year, have had or are expected to have a material impact on our consolidated financial statements.

Revenue Recognition

3 Months Ended

May 02, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 3 – Revenue Recognition

We derive revenue from the sale of (i) hardware, including digital color label printers and specialty OEM printing systems, portable data acquisition systems, airborne printers and networking systems used in the flight deck and cabin of military, commercial and business aircraft, (ii) related supplies required in the operation of the hardware, (iii) repairs and maintenance of hardware and (iv) service agreements.

Revenues disaggregated by primary geographic markets and major product types are as follows:

Primary geographical markets:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
United States	$	19,789	$	21,992
Europe		7,450		7,875
Canada		1,428		1,516
Asia		1,009		3,450
Central and South America		954		888
Other		289		460

Total Revenue	$	30,919	$	36,181

Major product types:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Hardware	$	8,914	$	12,918
Supplies		19,118		19,727
Service and Other		2,887		3,536

Total Revenue	$	30,919	$	36,181

Contract Assets and Liabilities

We normally do not have contract assets, which are primarily unbilled accounts receivable that are conditional on something other than the passage of time. Our contract liabilities, which represent billings in excess of revenue recognized, are related to advanced billings for purchased service agreements and extended warranties. Contract liabilities were $375,000 and $466,000 at May 2, 2020 and January 31, 2020, respectively, and are recorded as deferred revenue in the condensed consolidated balance sheet.

We

recognized $225,000 of revenue during the three

-

month period ended May 2, 2020, related to the deferred revenue balance at January 31, 2020.

Contract Costs

We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain costs related to obtaining sales contracts for our aerospace printer products meet the requirement to be capitalized. These costs are deferred and amortized based on the forecasted number of units sold over the remaining benefit term, which we currently estimate to be

approximately 6 years. The balance of these contract assets at January 31, 2020 was $944,000.

We

amortized $15,000 of direct costs for the three months ended May 2, 2020 and the balance of deferred incremental direct costs net of accumulated amortization at May 2, 2020 was $929,000, of which $59,000 is reported in other current assets and $870,000 is reported in other assets in the accompanying condensed consolidated balance sheet.

Net Income Per Common Share

3 Months Ended

May 02, 2020

Earnings Per Share [Abstract]

Net Income Per Common Share

Note 4 – Net Income Per Common Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares, determined using the treasury stock method for stock options, restricted stock awards and restricted stock units outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:


	Three Months Ended
	May 2, 2020		May 4, 2019
Weighted Average Common Shares Outstanding – Basic		7,073,278		6,970,914
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units		31,365		277,412

Weighted Average Common Shares Outstanding – Diluted		7,104,643		7,248,326

For the three months ended May 2, 2020 and May 4, 2019, the diluted per share amounts do not reflect common equivalent shares outstanding of 865,157 and 260,422

,

respectively, because their effect would have been anti-dilutive.

Intangible Assets

3 Months Ended

May 02, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 5 – Intangible Assets

Intangible assets are as follows:


	May 2, 2020									January 31, 2020
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Currency Translation Adjustment		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Currency Translation Adjustment		Net Carrying Amount
Miltope:
Customer Contract Relationships	$	3,100	$	(2,098	)	$	—	$	1,002	$	3,100	$	(2,021	)	$	—	$	1,079
RITEC:
Customer Contract Relationships		2,830		(1,156	)		—		1,674		2,830		(1,076	)		—		1,754
Non-Competition Agreement		950		(918	)		—		32		950		(871	)		—		79
TrojanLabel:
Existing Technology		2,327		(1,136	)		68		1,259		2,327		(1,053	)		78		1,352
Distributor Relations		937		(320	)		22		639		937		(297	)		27		667
Honeywell:
Customer Contract Relationships		27,243		(7,521	)		—		19,722		27,243		(6,791	)		—		20,452

Intangible Assets, net	$	37,387	$	(13,149	)	$	90	$	24,328	$	37,387	$	(12,109	)	$	105	$	25,383

There were no impairments to intangible assets during the periods ended May 2, 2020 and May

4

, 2019. With respect to the acquired intangibles included in the table above, amortization expense of $1.0 million and $1.1 million has been included in the condensed consolidated statements of income for the three months ended May 2, 2020 and May 4, 2019, respectively.

Estimated amortization expense for the next five fiscal years is as follows:


(In thousands)	Remaining 2021		2022		2023		2024		2025
Estimated amortization expense	$	3,018	$	3,964	$	3,957	$	3,960	$	3,392

Inventories

3 Months Ended

May 02, 2020

Inventory Disclosure [Abstract]

Inventories

Note 6 – Inventories

Inventories are stated at the lower of cost

(first-in,

first-out)

and net realizable value and include material, labor and manufacturing overhead. The components of inventories are as follows:


(In thousands)	May 2, 2020			January 31, 2020
Materials and Supplies	$	20,793		$	20,151
Work-In-Process		1,684			1,408
Finished Goods		16,781			17,992

		39,258			39,551
Inventory Reserve		(6,701	)		(5,626	)

	$	32,557		$	33,925

Revolving Line of Credit

3 Months Ended

May 02, 2020

Debt Disclosure [Abstract]

Revolving Line of Credit

Note 7 – Revolving Line of Credit

At May 2, 2020, we have a revolving line of credit under our existing credit agreement with Bank of America (the “Credit Agreement”). Revolving credit loans may be borrowed, at our option, in U.S. Dollars or, subject to certain conditions, Euros, British Pounds, Canadian Dollars or Danish Kroner. Amounts borrowed under the revolving credit facility bear interest at a rate

per annum

equal to, at our option, either (a) the LIBOR rate (or, in the case of revolving credit loans denominated in a currency other than U.S. Dollars, the applicable quoted rate), plus a margin that varies within a range of 1.0% to 1.5% based on our consolidated leverage ratio, or (b) a fluctuating reference rate equal to the highest of (i) the federal funds’ rate plus 0.50%, (ii) Bank of America’s publicly announced prime rate or (iii) the LIBOR rate plus 1.00%, plus a margin that varies within a range of 0.0% to 0.5% based on our consolidated leverage ratio.

At May 2, 2020, $11.5 million

was

drawn on the revolving line of credit. The outstanding balance bears interest at a weighted average annual rate of 2.52% and $73,000 and $19,000 of interest has been incurred on this obligation and included in other expense in the accompanying condensed consolidated income statement for the three

-

month periods ended May 2, 2020 and May 4, 2019, respectively. At May 2, 2020, there was $6.0 million available for borrowing under the revolving credit facility.

Pursuant to the terms of the Fourth Amendment to our Credit Agreement, which we and Bank of America entered into in December 2019, the aggregate amount available for borrowings under the revolving line of credit will decrease to $10.0 million at the end of the third quarter of fiscal year 2021.

We are

required to pay a commitment fee on the undrawn portion of the revolving credit facility at the rate of 0.25%

per annum

.

See Note 17–Subsequent Events–Letter Agreement with Bank of America for a discussion of the letter agreement we entered

into with Bank of America on June

22

, 2020, which, among other things, suspends our access to the revolving line of credit under the Credit Agreement on the terms described therein.

Debt

3 Months Ended

May 02, 2020

Debt Disclosure [Abstract]

Debt

Note 8 – Debt

Long-term debt in the accompanying condensed consolidated balance sheets is as follows:


(In thousands)	May 2, 2020			January 31, 2020
USD Term Loan (2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of November 30, 2022	$	8,250		$	8,250
USD Term Loan (2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of January 31, 2022		4,784			4,784

	$	13,034		$	13,034
Debt Issuance Costs, net of accumulated amortization		(98	)		(111	)
Current Portion of Term Loans		(6,602	)		(5,208	)

Long-Term Debt	$	6,334		$	7,715

The schedule of required principal payments remaining during the next five years on long-term debt outstanding as of May 2, 2020 is as follows:


(In thousands)
Fiscal 2021, remainder	$	5,208
Fiscal 2022		5,576
Fiscal 2023		2,250

	$	13,034

Derivative Financial Instruments and Risk Management

3 Months Ended

May 02, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments and Risk Management

Note 9 – Derivative Financial Instruments and Risk Management

We entered into a cross-currency interest rate swap to manage the interest rate risk and foreign currency exchange risk associated with the floating-rate foreign currency-denominated term loan borrowing by our Danish Subsidiary and an interest rate swap to manage the interest rate risk associated with our variable rate term loan borrowing. Both swaps have been designated as cash flow hedges of floating-rate borrowings.

Our cross-currency interest rate swap agreement effectively modifies our exposure to interest rate risk and foreign currency exchange rate risk by converting our floating-rate debt denominated in U.S. Dollars on our Danish subsidiary’s books to a fixed-rate debt denominated in Danish Kroner for the term of the loan, thus reducing the impact of interest-rate and foreign currency exchange rate changes on future interest expense and principal repayments. This swap involves the receipt of floating rate amounts in U.S. Dollars in exchange for fixed-rate interest payments in Danish Kroner, as well as exchanges of principal at the inception spot rate, over the life of the term loan.

The interest rate swap agreement we utilize on our term loan effectively modifies our exposure to interest rate risk by converting our floating-rate debt to fixed-rate debt for the

next five years,

thus reducing the impact of interest-rate changes on future interest expense. This swap involves the receipt of floating rate amounts in U.S. Dollars in exchange for fixed rate payments in U.S. dollars over the life of the term loan.

The following table summarizes the notional amount and fair value of our derivative instruments:


	May 2, 2020						January 31, 2020
Cash Flow Hedges			Fair Value Derivatives						Fair Value Derivatives
(In thousands)	Notional Amount		Asset		Liability		Notional Amount		Asset		Liability
Cross-currency Interest Rate Swap	$	4,489	$	—	$	192	$	4,489	$	—	$	250
Interest Rate Swap	$	8,250	$	—	$	202	$	8,250	$	—	$	96

The fair value of both the Cross-currency Interest Rate Swap and the Interest Rate swap are included in other long-term liabilities on the condensed consolidated balance sheets for the periods ended May 2, 2020 and January 31, 2020.

The following table presents the impact of our derivative instruments in our condensed consolidated financial statements for the three months ended May 2, 2020 and May 4, 2019:


	Amount of Gain (Loss) Recognized in OCI on Derivative					Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)			Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)
Cash Flow Hedge (In thousands)	May 2, 2020			May 4, 2019					May 2, 2020		May 4, 2019
Swap Contracts	$	(58	)	$	149		Other Income (Expense	)	$	43	$	185

At May 2, 2020,

we

expect to reclassify approximately $30 thousand of net gains on the swap contracts from accumulated other comprehensive loss to earnings during the next 12 months due to changes in foreign exchange rates and the payment of variable interest associated with the floating-rate debt.

Royalty Obligation

3 Months Ended

May 02, 2020

Royalty Obligation Disclosure [Abstract]

Royalty Obligation

Note 10 – Royalty Obligation

In fiscal 2018,

we

entered into an Asset Purchase and License Agreement (the “Honeywell Agreement”) with Honeywell International, Inc. (“Honeywell”) to acquire an exclusive, perpetual, world-wide license to manufacture Honeywell’s narrow-format flight deck printers for two aircraft families along with certain inventory used in the manufacturing of the licensed printers. The purchase price included a guaranteed minimum royalty payment of $15.0 million, to be paid over ten years. Royalty payments are based on gross revenues from the sales of the printers, paper and repair services of the licensed products. The royalty rates vary based on the year in which they are paid or earned and product sold or service provided, and range from single-digit to mid double-digit percentages of gross revenue.

The guaranteed minimum royalty payment obligation was recorded at the present value of the minimum annual royalty payments using a present value factor of 2.8%, which is based on the estimated

after-tax

cost of debt for similar companies. As of May 2, 2020,

we

had paid an aggregate of $4.0 million of the guaranteed minimum royalty obligation. At May 2, 2020, the current portion of the outstanding guaranteed minimum royalty obligation of $2.0 million is to be paid over the next twelve months and is reported as a current liability and the remainder of $7.5 million is reported as a long-term liability on

our

condensed consolidated balance sheet. In addition to the guaranteed minimum royalty payments,

we

also incur excess royalty expense in connection with the Honeywell Agreement.

We did not incur any excess royalty expense for the three-month period ended May 2, 2020. We did incur

$0.6

million of excess royalty expense for the three-month period ended May 4, 2019, which is included in cost of revenue in our condensed consolidated statements of income for that period. A tota

l

of $0.6 million

of exc

ess royalty is payable and reported as a current liability on our condensed consolidated balance sheet at May 2, 2020.

Leases

3 Months Ended

May 02, 2020

Leases [Abstract]

Leases

Note 11 – Leases

We enter

into lease contracts for certain of

our

facilities at various locations worldwide. Our leases have remaining lease terms of 1 to 8 years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain

that we

will exercise such options.

Balance sheet and other information related to our leases is as follows:


Operating Leases (In thousands)	Balance Sheet Classification	May 2, 2020		January 31, 2020
Lease Assets	Right of Use Assets	$	1,553	$	1,661
Lease Liabilities – Current	Other Accrued Expenses		391		416
Lease Liabilities – Long Term	Lease Liabilities		1,199		1,279

Lease cost information is as follows:


		Three Months Ended
Operating Leases (In thousands)	Statement of Income Classification	May 2, 2020		May 4, 2019
Operating Lease Costs	General and Administrative Expense	$	120	$	92

Maturities of operating lease liabilities are as follows:


(In thousands)	May 2 , 2020
2021	$	305
2022		348
2023		298
2024		272
2025		168
Thereafter		391

Total Lease Payments		1,782
Less: Imputed Interest		(192	)

Total Lease Liabilities	$	1,590

As of May 2, 2020, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 5.6 years and 3.99%, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term.

Supplemental cash flow information related to leases is as follows:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Cash paid for amounts included in the measurement of lease liabilities:	$	106	$	100

Accumulated Other Comprehensive Loss

3 Months Ended

May 02, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 12 – Accumulated Other Comprehensive Loss

The changes in the balance of accumulated other comprehensive loss (“AOCL”) by component are as follows:


(In thousands)	Foreign Currency Translation Adjustments			Cash Flow Hedges			Total
Balance at January 31, 2020	$	(985	)	$	(108	)	$	(1,093	)
Other Comprehensive Loss before reclassification		(142	)		(46	)		(188	)
Amounts reclassified from AOCL to Earnings		—			(33	)		(33	)

Other Comprehensive Loss		(142	)		(79	)		(221	)

Balance at May 2, 2020	$	(1,127	)	$	(187	)	$	(1,314	)

The amounts presented above in other comprehensive loss are net of taxes except for translation adjustments associated with our German and Danish subsidiaries.

Share-Based Compensation

3 Months Ended

May 02, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Note 13 – Share-Based Compensation

We have one equity incentive plan from which we are authorized to grant equity awards, the AstroNova, Inc. 2018 Equity Incentive Plan (the “2018 Plan”). The 2018 Plan provides for, among other things, the issuance of awards, including incentive stock options,

non-qualified

stock options, stock appreciation rights, time

-

based restricted stock units

(“RSUs”),

or performance-based restricted stock units

(“PSUs”)

and restricted stock awards (RSAs). The 2018 Plan authorizes the issuance of up to 950,000 shares of common stock, plus an additional number of shares equal to the number of shares subject to awards granted under previous equity incentive plans that are forfeited, cancelled, satisfied without the issuance of stock, otherwise terminated (other than by exercise), or, for shares of stock issued pursuant to any unvested award,

that are

reacquired by

us

at not more than the grantee’s purchase price (other than by exercise). Under the 2018 Plan, all awards to employees generally have a minimum vesting period of one year. Options granted under the 2018 Plan must be issued at an exercise price of not less than the fair market value of

our

common stock on the date of grant and expire after ten years.

Under the 2018 Plan,

293,014

of

unvested shares of restricted stock and options to purchase an aggregate of 135,500

shares were outstanding as of May 2, 2020

.

In addition to the 2018 Plan, we previously granted equity awards under our 2015 Equity Incentive Plan (the “2015 Plan”) and our 2007 Equity Incentive Plan (the “2007 Plan”).

No new awards may be issued under either the 2007 or 2015 plans,

but outstanding awards will continue to be governed by those plans. As of May 2, 2020,

options to purchase an aggregate of 344,245 shares were outstanding under the 2007 Plan and

15,113 unvested shares of restricted stock and options to purchase an aggregate of 148,725 shares were outstanding under the 2015 Plan.

We also have a

Non-Employee

Director Annual Compensation Program (the “Program”), under which each of our

non-employee

director

s

automatically receives a grant of restricted stock on the date of their

re-election

to our board of directors. The number of whole shares granted is equal to the number calculated by dividing the stock component of the director compensation amount determined by the compensation committee for that year by the fair market value of our stock on that day. The value of the restricted stock award for fiscal 2021 is $60,000. Shares of restricted stock granted under the Program become vested on the first anniversary of the date of grant, conditioned upon the recipient’s continued service on

our board of directors through that date

.

Share-based compensation expense was recognized as follows:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Stock Options	$	133	$	212
Restricted Stock Awards and Restricted Stock Units		357		384
Employee Stock Purchase Plan		5		5

Total	$	495	$	601

Stock Options

There were no stock options granted during the three

-

month period

s

ended

May 2, 2020 and May 4, 2019.

Aggregated information regarding stock option activity for the three months ended May 2, 2020 is summarized below:


	Number of Options			Weighted Average Exercise Price
Outstanding at January 31, 2020		679,044		$	14.46
Granted		—			—
Exercised		(800	)		7.36
Forfeited		(48,374	)		12.83
Canceled		(1,400	)		7.36

Outstanding at May 2, 2020		628,470		$	14.61

Set forth below is a summary of options outstanding at May 2, 2020:


	Outstanding						Exercisable
Range of Exercise prices	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life		Number of Shares		Weighted- Average Exercise Price		Weighted Average Remaining Contractual Life
$5.00-10.00		42,281	$	7.98		2.0		42,281	$	7.98		2.0
$10.01-15.00		364,464	$	13.63		5.5		319,166	$	13.65		5.3
$15.01-20.00		221,725	$	17.48		7.5		128,871	$	16.92		7.1

		628,470	$	14.61		6.0		490,318	$	14.02		5.5

As of May 2, 2020, there was approximately $0.6 million of unrecognized compensation expense related to stock options which is expected to be recognized over a weighted average period of approximately 1.3 years.

Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards

Aggregated information regarding RSU, PSU and RSA activity for the three months ended May 2, 2020 is summarized below:


	RSUs, PSUs & RSAs			Weighted Average Grant Date Fair Value
Outstanding at January 31, 2020		134,634		$	16.79
Granted		197,131			7.94
Vested		(23,638	)		13.00

Outstanding at May 2, 2020		308,127		$	11.42

As of May 2, 2020, there was approximately $2.7 million of unrecognized compensation expense related to RSUs and RSAs which is expected to be recognized over a weighted average period of 1.1 years.

Employee Stock Purchase Plan

We have

an Employee Stock Purchase Plan allowing eligible employees to purchase shares of common stock at a 15% discount from fair value on the first or last day of an offering period, whichever is less. A total of 247,500 shares were reserved for issuance under this plan. During the three months ended May 2, 2020 and May 4, 2019, there were 3,755 and 1,571 shares, respectively, purchased under this plan. As of May 2, 2020, 21,219 shares remain

available under our Employee Stock Purchase Plan.

Income Taxes

3 Months Ended

May 02, 2020

Income Tax Disclosure [Abstract]

Income Taxes

Note 14 – Income Taxes

Our effective tax rates for the period are as follows:


	Three Months Ended
Fiscal 2021		(37.6	)%
Fiscal 2020		19.0	%

We determine our estimated annual effective tax rate at the end of each interim period based on full-year forecasted

pre-tax

income and facts known at that time. The estimated annual effective tax rate is applied to the

year-to-date

pre-tax

income at the end of each interim period with the cumulative effect of any changes in the estimated annual effective tax rate being recorded in the fiscal quarter in which the change is determined. The tax effect of significant unusual items is reflected in the period in which they occur.

During the three months ended May 2, 2020,

we

recognized an income tax benefit of approximately $118,000.

The effective tax rate in this period was directly impacted by a reduction in our forecasted operating results for fiscal 2021 and a

$78,000

tax benefit related to the expiration of the statute of limitations on previously uncertain tax positions

. During the three months ended May 4, 2019,

we

recognized an income tax expense of approximately $400,000. The effective tax rate in this period was directly impacted by a $53,000 tax benefit related to the expiration of the statute of limitations on a previously uncertain tax position and a $97,000 windfall tax benefit related to

our

stock.

We maintain a valuation allowance on some of our deferred tax assets in certain jurisdictions. A valuation allowance is required when, based upon an assessment of various factors, including recent operating loss history, anticipated future earnings, and prudent and reasonable tax planning strategies, it is more likely than not that some portion of the deferred tax assets will not be realized.

Unrecognized tax benefits represent the difference between tax positions taken or expected to be taken in a tax return and the benefits recognized for financial reporting purposes. As of May 2, 2020,

our

cumulative unrecognized tax benefits totaled $319,000 compared to $362,000 as of January 31, 2020. Besides the expiration of the statute of limitations on a previously uncertain tax position, there were no other developments affecting

our

unrecognized tax benefits during the quarter ended May 2, 2020.

Segment Information

3 Months Ended

May 02, 2020

Segment Reporting [Abstract]

Segment Information

Note 15 – Segment Information

We report two segments: Product Identification (“PI”) and Test & Measurement (“T&M”). We evaluat

e

segment performance based on the segment profit (loss) before corporate expenses.

Summarized below are the Revenue and Segment Operating Profit (Loss) for each reporting segment:


	Three Months Ended
	Revenue				Segment Operating Profit (Loss)
(In thousands)	May 2, 2020		May 4, 2019		May 2, 2020			May 4, 2019
PI	$	22,380	$	23,591	$	3,146		$	2,886
T&M		8,539		12,590		(156	)		2,581

Total	$	30,919	$	36,181		2,990			5,467

Corporate Expenses						2,327			2,999

Operating Income						663			2,468
Other Expense, Net						(349	)		(368	)

Income Before Income Taxes						314			2,100
Income Tax (Benefit) Provision						(118	)		400

Net Income					$	432		$	1,700

Fair Value

3 Months Ended

May 02, 2020

Fair Value Disclosures [Abstract]

Fair Value

Note 16 – Fair Value

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The following tables provide a summary of the financial liabilities that are measured at fair value as of May 2, 2020 and January 31, 2020:


Liabilities measured at fair value:	Fair value measurement at May 2, 2020								Fair value measurement at January 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cross-Currency Interest Rate Swap Contract (included in Other Long-Term Liabilities)	$	—	$	192	$	—	$	192	$	—	$	250	$	—	$	250
Interest Rate Swap Contract (included in Other Long-Term Liabilities)		—		202		—		202		—		96		—		96
Earnout Liability (included in Other Long-Term Liabilities)		—		—		—		—		—		—		14		14

Total Liabilities	$	—	$	394	$	—	$	394	$	—	$	346	$	14	$	360

We use the market approach to measure fair value of our derivative instruments. Derivative instruments were measured at fair value using readily observable market inputs, such as quotations on interest rates and foreign exchange rates, and are classified as Level 2 because they are

over-the-counter

contracts with a bank counterparty that are not traded in an active market.

Assets and Liabilities Not Recorded at Fair Value

Our

long-term debt, including the current portion of long-term debt not reflected in the financial statements at fair value, is reflected in the table below:


	May 2, 2020
	Fair Value Measurement								Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total		Carrying Value
Long-Term Debt and related current maturities	$	—	$	—	$	13,227	$	13,227	$	13,034


	January 31, 2020
	Fair Value Measurement								Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total		Carrying Value
Long-Term Debt and related current maturities	$	—	$	—	$	13,258	$	13,258	$	13,034

The fair value of

our

long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar loans with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Subsequent Events

3 Months Ended

May 02, 2020

Subsequent Events [Abstract]

Subsequent Event

Note 17 – Subsequent Events

Payroll Protection Program Loan

On May 6, 2020, we entered into a loan agreement with

,

and executed a promissory note in favor of Greenwood Credit Union (“Greenwood”) pursuant to which we

borrowed

$4.4

million

(the “ PPP Loan”) from Greenwood pursuant to the Paycheck Protection Program (“PPP”) administered by the United States Small Business Administration (the “SBA”) and authorized by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), enacted on March 27, 2020.

The terms of the PPP Loan were subsequently revised in accordance with the provisions of the Paycheck Protection Flexibility Act of 2020 (the “PPP Flexibility Act”)

which

was enacted on June 5, 2020.

The PPP Loan, which will mature on the fifth anniversary of

the

date on which we submit our request for forgiveness with respect to the PPP Loan, is unsecured and bears interest at a rate

of 1.0%

per annum. The PPP Loan may be prepaid at any time without penalty. The Loan Agreement and Promissory Note include customary provisions for a loan of this type, including prohibitions on our payment of dividends or repurchase of shares of our stock while the PPP Loan remains outstanding. The Loan Agreement and Promissory Note also include events of default relating to, among other things, payment defaults, breaches of the provisions of the Loan Agreement or the Promissory Note, and cross-defaults on other loans.

Subject to the limitations and conditions set forth in the CARES Act, the PPP Flexibility Act, and the regulations and guidance provided by the SBA with respect to the PPP, a portion of the PPP Loan in an amount up to the amount of the PPP Loan proceeds that we spend on payroll, rent, utilities and interest on certain debt during the twenty-four-week period following incurrence of the PPP Loan, may be forgiven under the PPP. The amount of the PPP Loan to be forgiven in respect of rent, utilities and interest on certain debt will be capped at

40%

of the forgiven amount, with the remaining forgiven amount allocated to payroll costs. We intend to utilize the proceeds of the PPP Loan in a manner which will enable us to qualify for forgiveness of the PPP Loan. However, no assurance can be provided that all or any portion of the PPP Loan will be forgiven.

Letter Agreement with Bank of America

On June 22, 2020, we entered into a Letter Agreement with Bank of America, N.A. Pursuant to that agreement, Bank of

America agreed to waive compliance with certain financial covenants in our Credit Agreement related to our consolidated leverage ratio and consolidated EBITDA (as defined in the Credit Agreement) for the measurement period ending May 2, 2020. The Letter Agreement imposes an additional financial covenant that requires us to have, as of June 30, 2020, consolidated EBITDA of not less than

$9.5

million on a trailing twelve-months basis, and to report our compliance with such covenant on or before August 15, 2020. The Letter Agreement provides that such covenant will not be tested until August 15, 2020 and we do not expect to be in compliance with the covenants at the time, hence constituting an immediate event of default under the Credit Agreement. However, we and Bank of America are actively negotiating the terms of an amendment to restructure the Credit Agreement that would provide for mutually acceptable revised financial and operational covenants and other mutually acceptable revised terms and we both fully expect that amendment to be executed prior to August 15, 2020. The effect of the Letter Agreement therefore is to give both parties sufficient time to complete the relevant documentation and also enable us to execute the amendment by that deadline.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

May 02, 2020

Accounting Policies [Abstract]

Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Fair Value Measurement

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”)

2018-13, “Fair

Value Measurement (Topic 820), Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU

2018-13

modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The provisions of ASU

2018-13

relating to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. The remaining provisions should be applied retrospectively to all periods presented upon their effective date. We adopted the provisions of this guidance effective February 1, 2020. The adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures.

Recent Accounting Standards Not Yet Adopted

Reference Rate Reform

In March 2020, the FASB issued ASU

2020-04,

“Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU

2020-04

provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently in the process of evaluating the impact of the transition from LIBOR to an alternative reference rate, but we do not expect that to have a material impact on our consolidated financial statements.

No other new accounting pronouncements, issued or effective during the first three months of the current fiscal year, have had or are expected to have a material impact on our consolidated financial statements.

Revenue Recognition (Tables)

3 Months Ended

May 02, 2020

Revenue from Contract with Customer [Abstract]

Summary of Revenues Disaggregated by Primary Geographic Markets and Major Product Type

Primary geographical markets:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
United States	$	19,789	$	21,992
Europe		7,450		7,875
Canada		1,428		1,516
Asia		1,009		3,450
Central and South America		954		888
Other		289		460

Total Revenue	$	30,919	$	36,181

Major product types:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Hardware	$	8,914	$	12,918
Supplies		19,118		19,727
Service and Other		2,887		3,536

Total Revenue	$	30,919	$	36,181

Net Income Per Common Share (Tables)

3 Months Ended

May 02, 2020

Earnings Per Share [Abstract]

Summary of Basic and Diluted Net Income Per Share

A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:


	Three Months Ended
	May 2, 2020		May 4, 2019
Weighted Average Common Shares Outstanding – Basic		7,073,278		6,970,914
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units		31,365		277,412

Weighted Average Common Shares Outstanding – Diluted		7,104,643		7,248,326

Intangible Assets (Tables)

3 Months Ended

May 02, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

Intangible assets are as follows:


	May 2, 2020									January 31, 2020
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Currency Translation Adjustment		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Currency Translation Adjustment		Net Carrying Amount
Miltope:
Customer Contract Relationships	$	3,100	$	(2,098	)	$	—	$	1,002	$	3,100	$	(2,021	)	$	—	$	1,079
RITEC:
Customer Contract Relationships		2,830		(1,156	)		—		1,674		2,830		(1,076	)		—		1,754
Non-Competition Agreement		950		(918	)		—		32		950		(871	)		—		79
TrojanLabel:
Existing Technology		2,327		(1,136	)		68		1,259		2,327		(1,053	)		78		1,352
Distributor Relations		937		(320	)		22		639		937		(297	)		27		667
Honeywell:
Customer Contract Relationships		27,243		(7,521	)		—		19,722		27,243		(6,791	)		—		20,452

Intangible Assets, net	$	37,387	$	(13,149	)	$	90	$	24,328	$	37,387	$	(12,109	)	$	105	$	25,383

Summary of Estimated Amortization Expense

Estimated amortization expense for the next five fiscal years is as follows:


(In thousands)	Remaining 2021		2022		2023		2024		2025
Estimated amortization expense	$	3,018	$	3,964	$	3,957	$	3,960	$	3,392

Inventories (Tables)

3 Months Ended

May 02, 2020

Inventory Disclosure [Abstract]

Components of Inventories

The components of inventories are as follows:


(In thousands)	May 2, 2020			January 31, 2020
Materials and Supplies	$	20,793		$	20,151
Work-In-Process		1,684			1,408
Finished Goods		16,781			17,992

		39,258			39,551
Inventory Reserve		(6,701	)		(5,626	)

	$	32,557		$	33,925

Debt (Tables)

3 Months Ended

May 02, 2020

Debt Disclosure [Abstract]

Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets

Long-term debt in the accompanying condensed consolidated balance sheets is as follows:


(In thousands)	May 2, 2020			January 31, 2020
USD Term Loan (2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of November 30, 2022	$	8,250		$	8,250
USD Term Loan (2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of January 31, 2022		4,784			4,784

	$	13,034		$	13,034
Debt Issuance Costs, net of accumulated amortization		(98	)		(111	)
Current Portion of Term Loans		(6,602	)		(5,208	)

Long-Term Debt	$	6,334		$	7,715

Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding

The schedule of required principal payments remaining during the next five years on long-term debt outstanding as of May 2, 2020 is as follows:


(In thousands)
Fiscal 2021, remainder	$	5,208
Fiscal 2022		5,576
Fiscal 2023		2,250

	$	13,034

Derivative Financial Instruments and Risk Management (Tables)

3 Months Ended

May 02, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Summarizes the Notional Amount and Fair Value of the Derivative Instrument

The following table summarizes the notional amount and fair value of our derivative instruments:


	May 2, 2020						January 31, 2020
Cash Flow Hedges			Fair Value Derivatives						Fair Value Derivatives
(In thousands)	Notional Amount		Asset		Liability		Notional Amount		Asset		Liability
Cross-currency Interest Rate Swap	$	4,489	$	—	$	192	$	4,489	$	—	$	250
Interest Rate Swap	$	8,250	$	—	$	202	$	8,250	$	—	$	96

Schedule of Impact of the Derivative Instruments in the Condensed Consolidated Financial Statements

The following table presents the impact of our derivative instruments in our condensed consolidated financial statements for the three months ended May 2, 2020 and May 4, 2019:


	Amount of Gain (Loss) Recognized in OCI on Derivative					Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)			Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)
Cash Flow Hedge (In thousands)	May 2, 2020			May 4, 2019					May 2, 2020		May 4, 2019
Swap Contracts	$	(58	)	$	149		Other Income (Expense	)	$	43	$	185

Leases (Tables)

3 Months Ended

May 02, 2020

Leases [Abstract]

Schedule Of Balance Sheet And Other Information Related To Operating Leases

Balance sheet and other information related to our leases is as follows:


Operating Leases (In thousands)	Balance Sheet Classification	May 2, 2020		January 31, 2020
Lease Assets	Right of Use Assets	$	1,553	$	1,661
Lease Liabilities – Current	Other Accrued Expenses		391		416
Lease Liabilities – Long Term	Lease Liabilities		1,199		1,279

Schedule Lease Cost Information

Lease cost information is as follows:


		Three Months Ended
Operating Leases (In thousands)	Statement of Income Classification	May 2, 2020		May 4, 2019
Operating Lease Costs	General and Administrative Expense	$	120	$	92

Schedule of Maturities Of Lease Liabilities

Maturities of operating lease liabilities are as follows:


(In thousands)	May 2 , 2020
2021	$	305
2022		348
2023		298
2024		272
2025		168
Thereafter		391

Total Lease Payments		1,782
Less: Imputed Interest		(192	)

Total Lease Liabilities	$	1,590

Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases is as follows:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Cash paid for amounts included in the measurement of lease liabilities:	$	106	$	100

Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

May 02, 2020

Equity [Abstract]

Changes in Balance of Accumulated Other Comprehensive Loss

The changes in the balance of accumulated other comprehensive loss (“AOCL”) by component are as follows:


(In thousands)	Foreign Currency Translation Adjustments			Cash Flow Hedges			Total
Balance at January 31, 2020	$	(985	)	$	(108	)	$	(1,093	)
Other Comprehensive Loss before reclassification		(142	)		(46	)		(188	)
Amounts reclassified from AOCL to Earnings		—			(33	)		(33	)

Other Comprehensive Loss		(142	)		(79	)		(221	)

Balance at May 2, 2020	$	(1,127	)	$	(187	)	$	(1,314	)

Share-Based Compensation (Tables)

3 Months Ended

May 02, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Expense

Share-based compensation expense was recognized as follows:


	Three Months Ended
(In thousands)	May 2, 2020		May 4, 2019
Stock Options	$	133	$	212
Restricted Stock Awards and Restricted Stock Units		357		384
Employee Stock Purchase Plan		5		5

Total	$	495	$	601

Aggregated Information Regarding Stock Option Activity

Aggregated information regarding stock option activity for the three months ended May 2, 2020 is summarized below:


	Number of Options			Weighted Average Exercise Price
Outstanding at January 31, 2020		679,044		$	14.46
Granted		—			—
Exercised		(800	)		7.36
Forfeited		(48,374	)		12.83
Canceled		(1,400	)		7.36

Outstanding at May 2, 2020		628,470		$	14.61

Summary of Options Outstanding

Set forth below is a summary of options outstanding at May 2, 2020:


Outstanding							Exercisable
Range of Exercise prices	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life		Number of Shares		Weighted- Average Exercise Price		Weighted Average Remaining Contractual Life
$5.00-10.00		42,281	$	7.98		2.0		42,281	$	7.98		2.0
$10.01-15.00		364,464	$	13.63		5.5		319,166	$	13.65		5.3
$15.01-20.00		221,725	$	17.48		7.5		128,871	$	16.92		7.1

		628,470	$	14.61		6.0		490,318	$	14.02		5.5

Aggregated Information Regarding RSU, PSU and RSA Activity

Aggregated information regarding RSU, PSU and RSA activity for the three months ended May 2, 2020 is summarized below:


	RSUs, PSUs & RSAs			Weighted Average Grant Date Fair Value
Outstanding at January 31, 2020		134,634		$	16.79
Granted		197,131			7.94
Vested		(23,638	)		13.00

Outstanding at May 2, 2020		308,127		$	11.42

Income Taxes (Tables)

3 Months Ended

May 02, 2020

Income Tax Disclosure [Abstract]

Projected Effective Tax Rate for Periods

Our effective tax rates for the period are as follows:


	Three Months Ended
Fiscal 2021		(37.6	)%
Fiscal 2020		19.0	%

Segment Information (Tables)

3 Months Ended

May 02, 2020

Segment Reporting [Abstract]

Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment

Summarized below are the Revenue and Segment Operating Profit (Loss) for each reporting segment:


	Three Months Ended
	Revenue				Segment Operating Profit (Loss)
(In thousands)	May 2, 2020		May 4, 2019		May 2, 2020			May 4, 2019
PI	$	22,380	$	23,591	$	3,146		$	2,886
T&M		8,539		12,590		(156	)		2,581

Total	$	30,919	$	36,181		2,990			5,467

Corporate Expenses						2,327			2,999

Operating Income						663			2,468
Other Expense, Net						(349	)		(368	)

Income Before Income Taxes						314			2,100
Income Tax (Benefit) Provision						(118	)		400

Net Income					$	432		$	1,700

Fair Value (Tables)

3 Months Ended

May 02, 2020

Fair Value Disclosures [Abstract]

Summary of Financial Liabilities Measured at Fair Value

The following tables provide a summary of the financial liabilities that are measured at fair value as of May 2, 2020 and January 31, 2020:


Liabilities measured at fair value:	Fair value measurement at May 2, 2020								Fair value measurement at January 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cross-Currency Interest Rate Swap Contract (included in Other Long-Term Liabilities)	$	—	$	192	$	—	$	192	$	—	$	250	$	—	$	250
Interest Rate Swap Contract (included in Other Long-Term Liabilities)		—		202		—		202		—		96		—		96
Earnout Liability (included in Other Long-Term Liabilities)		—		—		—		—		—		—		14		14

Total Liabilities	$	—	$	394	$	—	$	394	$	—	$	346	$	14	$	360

Schedule of Company's Long-Term Debt Including the Current Portion Not Reflected in Financial Statements at Fair Value

Our

long-term debt, including the current portion of long-term debt not reflected in the financial statements at fair value, is reflected in the table below:


	May 2, 2020
	Fair Value Measurement								Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total		Carrying Value
Long-Term Debt and related current maturities	$	—	$	—	$	13,227	$	13,227	$	13,034


	January 31, 2020
	Fair Value Measurement								Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total		Carrying Value
Long-Term Debt and related current maturities	$	—	$	—	$	13,258	$	13,258	$	13,034

Business and Basis of Presentation - Additional Information (Detail)	3 Months Ended
	May 02, 2020 Segment
Number of Operating Segments	2

Revenue Recognition - Summary of Revenues Disaggregated by Primary Geographic Markets (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 30,919	$ 36,181
United States [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	19,789	21,992
Europe [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	7,450	7,875
Canada [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,428	1,516
Asia [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,009	3,450
Central and South America [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	954	888
Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 289	$ 460

Revenue Recognition - Summary of Revenues Disaggregated by Primary Product Type (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 30,919	$ 36,181
Hardware [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	8,914	12,918
Supplies [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	19,118	19,727
Service and Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,887	$ 3,536

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended
	May 02, 2020	Jan. 31, 2020
Disaggregation of Revenue [Abstract]
Contract liabilities and extended warranties	$ 375,000	$ 466,000
Revenue recognized	225,000
Contract assets balance	870,000	$ 944,000
Amortization of incremental direct costs	15,000
Deferred incremental direct contract costs reported in other current assets	59,000
Deferred incremental direct costs net of accumulated amortization	$ 929,000
Capitalized Contract Costs Benefitial Term	6 years

Net Income Per Common Share - Reconciliation of Shares Used in Calculating Basic and Diluted (Detail) - shares	3 Months Ended
	May 02, 2020	May 04, 2019
Weighted Average Common Shares Outstanding – Basic	7,073,000	6,971,000
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units	31,365	277,412
Weighted Average Common Shares Outstanding – Diluted	7,105,000	7,248,000

Net Income Per Common Share - Additional Information (Detail) - shares	3 Months Ended
	May 02, 2020	May 04, 2019
Number of common equivalent shares	865,157	260,422

Intangible Assets - Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives (Detail) - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 37,387	$ 37,387
Accumulated Amortization	(13,149)	(12,109)
Currency Translation Adjustment	90	105
Net Carrying Amount	24,328	25,383
Customer Contract Relationships [Member] \| Honeywell Asset Purchase and License Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	27,243	27,243
Accumulated Amortization	(7,521)	(6,791)
Net Carrying Amount	19,722	20,452
Customer Contract Relationships [Member] \| Miltope [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,100	3,100
Accumulated Amortization	(2,098)	(2,021)
Net Carrying Amount	1,002	1,079
Customer Contract Relationships [Member] \| RITEC [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,830	2,830
Accumulated Amortization	(1,156)	(1,076)
Net Carrying Amount	1,674	1,754
Non-Competition Agreement [Member] \| RITEC [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	950	950
Accumulated Amortization	(918)	(871)
Net Carrying Amount	32	79
Existing Technology [Member] \| TrojanLabel ApS [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,327	2,327
Accumulated Amortization	(1,136)	(1,053)
Currency Translation Adjustment	68	78
Net Carrying Amount	1,259	1,352
Distributor Relations [Member] \| TrojanLabel ApS [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	937	937
Accumulated Amortization	(320)	(297)
Currency Translation Adjustment	22	27
Net Carrying Amount	$ 639	$ 667

Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019
Impairment of Intangible Assets (Excluding Goodwill) [Abstract]
Impairments of intangible assets	$ 0	$ 0
Amortization expense	$ 1,000,000	$ 1,100,000

Intangible Assets - Summary of Estimated Amortization Expense (Detail) $ in Thousands	May 02, 2020 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2021	$ 3,018
2022	3,964
2023	3,957
2024	3,960
2025	$ 3,392

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Inventory Disclosure [Abstract]
Materials and Supplies	$ 20,793	$ 20,151
Work-In-Process	1,684	1,408
Finished Goods	16,781	17,992
Inventory, Gross	39,258	39,551
Inventory Reserve	(6,701)	(5,626)
Inventories	$ 32,557	$ 33,925

Revolving Credit Facility - Additional Information (Detail) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019	Oct. 30, 2021	Jan. 31, 2020
Line of Credit Facility [Line Items]
Credit facility outstanding	$ 11,500,000			$ 6,500,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Annual interest rate	2.52%	2.52%
Accrued interest expense	$ 73,000	$ 19,000
Credit facility, remaining borrowing capacity	$ 6,000,000
Commitment fee rate	0.25%
Revolving Credit Facility [Member] \| Forecast [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 10,000,000
Revolving Credit Facility [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Interest rate	1.00%
Revolving Credit Facility [Member] \| Federal Funds Effective Swap Rate [Member]
Line of Credit Facility [Line Items]
Interest rate	0.50%
Revolving Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility [Line Items]
Percentage added to variable rate	0.00%
Revolving Credit Facility [Member] \| Minimum [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Interest rate	1.00%
Revolving Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Percentage added to variable rate	0.50%
Revolving Credit Facility [Member] \| Maximum [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Interest rate	1.50%

Debt - Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Debt Instrument [Line Items]
USD Term Loan	$ 13,034	$ 13,034
Debt Issuance Costs, net of accumulated amortization	(98)	(111)
Current Portion of Term Loans	(6,602)	(5,208)
Long-Term Debt	6,334	7,715
Term Loan Due November 30, 2022 [Member]
Debt Instrument [Line Items]
USD Term Loan	8,250	8,250
Term Loan Due January 31, 2022 [Member]
Debt Instrument [Line Items]
USD Term Loan	$ 4,784	$ 4,784

Debt - Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets (Parenthetical) (Detail)	3 Months Ended
	May 02, 2020	Jan. 31, 2020
Term Loan Due May 20, 2022 [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of May 20, 2022
Interest rate	2.24%	3.03%
Debt instrument, maturity date	Nov. 30, 2022
Term Loan Due January 31, 2022 [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	2.24% as of May 2, 2020 and 3.03% as of January 31, 2020); maturity date of January 31, 2022
Interest rate	2.24%	3.03%
Debt instrument, maturity date	Jan. 31, 2022

Debt - Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding (Detail) - Term Loan [Member] $ in Thousands	May 02, 2020 USD ($)
Debt Instrument [Line Items]
Fiscal 2021, reminder	$ 5,208
Fiscal 2022	5,576
Fiscal 2023	2,250
Long-term Debt	$ 13,034

Derivative Financial Instruments and Risk Management - Schedule of Impact of the Derivative Instruments in the Condensed Consolidated Financial Statements (Detail) - Cash Flow Hedge [Member] - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019	Jan. 31, 2020
Cross Currency Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Recognized in OCI on Derivative	$ (58)	$ 149
Location of Gain Reclassified from Accumulated OCI into Income (Expense)	Other Income (Expense)
Amount of Gain Reclassified from Accumulated OCI into Income (Expense)	$ 43	$ 185
Cross Currency Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Amount	4,489		$ 4,489
Fair Value Derivatives, Liability	192		250
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional Amount	8,250		8,250
Fair Value Derivatives, Liability	$ 202		$ 96

Derivative Financial Instruments and Risk Management - Additional Information (Detail) - Cross Currency Interest Rate Contract [Member] $ in Thousands	3 Months Ended
	May 02, 2020 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maximum remaining maturity of foreign currency derivatives	5 years
Amount of gain reclassify from Accumulated OCI into loss during next 12 months	$ 30

Royalty Obligation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019	Jan. 31, 2020	Jan. 31, 2018
Guaranteed Minimum Royalty Payment	$ 4,000
Royalty Obligation, Current	2,000		$ 2,000
Royalty Obligation Non Current	7,550		8,012
Accrued Royalties, Current, Excess Royalty Payment Due	$ 586		$ 773
Honeywell Asset Purchase and License Agreement [Member]
Payment Term Period	10 years
Minimum Royalty Payment Obligations				$ 15,000
Fair Value Assumption Percentage Of Present Value Factor	2.80%
Royalty Obligation, Current	$ 2,000
Royalty Obligation Non Current	7,500
Excess Royalty Payments	$ 0	$ 600

Leases - Additional Information (Detail)	3 Months Ended
Leases - Additional Information (Detail)	May 02, 2020
Lessee, Operating Lease, Option to Extend	options to extend the lease term for periods of up to five years
Operating Lease, Weighted Average Remaining Lease Term	5 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	3.99%
Maximum [Member]
Operating Lease Remaining Lease Term	8 years
Minimum [Member]
Operating Lease Remaining Lease Term	1 year

Leases - Schedule Of Balance Sheet And Other Information Related To Operating Leases (Detail) - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Operating Leases [Abstract]
Right of Use Asset	$ 1,553	$ 1,661
Other Accrued Expenses	391	416
Lease Liabilities	$ 1,199	$ 1,279

Leases - Lease Cost Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
General and Administrative Expense [Member]
Operating Lease Costs	$ 120	$ 92

Leases - Maturities of lease liabilities (Detail) $ in Thousands	May 02, 2020 USD ($)
Leases [Abstract]
2021	$ 305
2022	348
2023	298
2024	272
2025	168
Thereafter	391
Total Lease Payments	1,782
Less: Imputed Interest	(192)
Total Lease Liabilities	$ 1,590

Leases - Supplemental cash flow information (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Cash paid for amounts included in the measurement of lease liabilities:	$ 106	$ 100

Accumulated Other Comprehensive Loss - Changes in Balance of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	$ 71,375	$ 69,775
Other Comprehensive Loss	(221)	(200)
Ending Balance	71,562	71,614
Foreign Currency Translation Adjustments [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	(985)
Other Comprehensive Loss before reclassification	(142)
Other Comprehensive Loss	(142)
Ending Balance	(1,127)
Net Unrealized Gain/(Loss) on Cash Flow Hedges [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	(108)
Other Comprehensive Loss before reclassification	(46)
Amounts reclassified from AOCL to Earnings	(33)
Other Comprehensive Loss	(79)
Ending Balance	(187)
Accumulated Other Comprehensive Income (Loss) [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning Balance	(1,093)	(818)
Other Comprehensive Loss before reclassification	(188)
Amounts reclassified from AOCL to Earnings	(33)
Other Comprehensive Loss	(221)	(200)
Ending Balance	$ (1,314)	$ (1,018)

Share-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	May 02, 2020	May 04, 2019	May 02, 2019	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	628,470			679,044
Reservation of shares under Stock Purchase Plan	247,500
Restricted Stock or Unit Expense	$ 357,000	$ 384,000
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	15,113
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Stock Purchase Plan discount rate	15.00%
Shares purchase under Employee Stock Purchase Plan	3,755	1,571
Shares available for grant under the Plan	21,219
2007 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	344,245
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under the Plan	950,000
Number of shares outstanding	135,500
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted			0
Unrecognized compensation expense related to options	$ 600,000
Unrecognized compensation expense to be recognized, Weighted average period	1 year 3 months 18 days
2014 Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense to be recognized, Weighted average period	1 year 1 month 6 days
Unrecognized compensation expense related to RSUs and RSAs	$ 2,700,000
RSA [Member] \| 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding	148,725
RSA [Member] \| 2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted	293,014
Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock or Unit Expense	$ 60,000

Share-Based Compensation - Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Share-based Compensation [Abstract]
Stock Options	$ 133	$ 212
Restricted Stock Awards and Restricted Stock Units	357	384
Employee Stock Purchase Plan	5	5
Total	$ 495	$ 601

Share-Based Compensation - Aggregated Information Regarding Stock Option Activity (Detail)	3 Months Ended
	May 02, 2020 $ / shares shares
Share-based Compensation [Abstract]
Beginning balance, Number of Options \| shares	679,044
Exercised, Number of Options \| shares	(800)
Forfeited, Number of Options \| shares	(48,374)
Canceled, Number of Options \| shares	(1,400)
Ending balance, Number of Options \| shares	628,470
Beginning balance, Weighted-Average Exercise Price \| $ / shares	$ 14.46
Exercised, Weighted-Average Exercise Price \| $ / shares	7.36
Forfeited, Weighted-Average Exercise Price \| $ / shares	12.83
Cancelled, Weighted-Average Exercise Price Per Share \| $ / shares	7.36
Ending balance, Weighted-Average Exercise Price \| $ / shares	$ 14.61

Share-Based Compensation - Summary of Options Outstanding (Detail) - $ / shares	3 Months Ended
	May 02, 2020	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding, total	628,470	679,044
Outstanding, Weighted Average Exercise Price	$ 14.61
Exercisable, Weighted Average Exercise Price	$ 14.02
Outstanding Remaining Contractual Life	6 years
Number of shares exercisable, total	490,318
Exercisable Remaining Contractual Life	5 years 6 months
$5.00 - $10.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Range of Exercise prices, Lower Limit	$ 5.00
Outstanding Range of Exercise prices, Upper Limit	$ (10.00)
Outstanding, Number of shares	42,281
Outstanding, Weighted Average Exercise Price	$ 7.98
Exercisable, Weighted Average Exercise Price	$ 7.98
Outstanding Remaining Contractual Life	2 years
Exercisable, Number of shares	42,281
Exercisable Remaining Contractual Life	2 years
$10.01 - $15.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Range of Exercise prices, Lower Limit	$ 10.01
Outstanding Range of Exercise prices, Upper Limit	$ (15.00)
Outstanding, Number of shares	364,464
Outstanding, Weighted Average Exercise Price	$ 13.63
Exercisable, Weighted Average Exercise Price	$ 13.65
Outstanding Remaining Contractual Life	5 years 6 months
Exercisable, Number of shares	319,166
Exercisable Remaining Contractual Life	5 years 3 months 18 days
$15.01 - $20.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding Range of Exercise prices, Lower Limit	$ 15.01
Outstanding Range of Exercise prices, Upper Limit	$ (20.00)
Outstanding, Number of shares	221,725
Outstanding, Weighted Average Exercise Price	$ 17.48
Exercisable, Weighted Average Exercise Price	$ 16.92
Outstanding Remaining Contractual Life	7 years 6 months
Exercisable, Number of shares	128,871
Exercisable Remaining Contractual Life	7 years 1 month 6 days

Share-Based Compensation - Aggregated Information Regarding RSU, PSU and RSA Activity (Detail) - Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards [Member]	3 Months Ended
	May 02, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Outstanding Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards \| shares	134,634
Granted, Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards \| shares	197,131
Vested, Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards \| shares	(23,638)
Ending balance, Outstanding Restricted Stock Units, Performance Based Restricted Stock Units and Restricted Stock Awards \| shares	308,127
Beginning balance, Weighted Average Grant Date Fair Value \| $ / shares	$ 16.79
Granted, Weighted Average Grant Date Fair Value \| $ / shares	7.94
Vested, Weighted Average Grant Date Fair Value \| $ / shares	13.00
Ending balance, Weighted Average Grant Date Fair Value \| $ / shares	$ 11.42

Income Taxes - Projected Effective Tax Rate for Periods (Detail)	3 Months Ended
	May 02, 2020	May 04, 2019
Income Tax Disclosure [Abstract]
Effective tax rates for income from continuing operations	(37.60%)	19.00%

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	May 02, 2020	Aug. 03, 2019	May 04, 2019	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ (118,000)		$ 400,000
Income tax benefit from windfall of stock		$ 78,000	97,000
Expiration of the statue of limitations on previously uncertain tax positions			$ 53,000
Cumulative unrecognized tax benefits	319,000			$ 362,000
Changes to unrecognized tax benefits	$ 0

Segment Information - Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Segment Reporting Information [Line Items]
Revenue	$ 30,919	$ 36,181
Corporate Expenses	2,327	2,999
Operating Income	663	2,468
Other Expense, Net	(349)	(368)
Income Before Income Taxes	314	2,100
Income Tax (Benefit) Provision	(118)	400
Net Income	432	1,700
PI [Member]
Segment Reporting Information [Line Items]
Revenue	22,380	23,591
T&M [Member]
Segment Reporting Information [Line Items]
Revenue	8,539	12,590
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating Income	2,990	5,467
Operating Segments [Member] \| PI [Member]
Segment Reporting Information [Line Items]
Operating Income	3,146	2,886
Operating Segments [Member] \| T&M [Member]
Segment Reporting Information [Line Items]
Operating Income	(156)	2,581
Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Corporate Expenses	$ 2,327	$ 2,999

Fair Value - Summary of Financial Liabilities Measured at Fair Value (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-Currency Interest Rate Swap Contract (included in Other Long-Term Liabilities)	$ 192	$ 250
Interest Rate Swap Contract (included in Other Long-Term Liabilities)	202	96
Earnout Liability (included in Other Long-Term Liabilities)		14
Total Liabilities	394	360
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cross-Currency Interest Rate Swap Contract (included in Other Long-Term Liabilities)	192	250
Interest Rate Swap Contract (included in Other Long-Term Liabilities)	202	96
Total Liabilities	$ 394	346
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earnout Liability (included in Other Long-Term Liabilities)		14
Total Liabilities		$ 14

Fair Value - Schedule of Company's Long-Term Debt Including the Current Portion Not Reflected in Financial Statements at Fair Value (Detail) - USD ($) $ in Thousands	May 02, 2020	Jan. 31, 2020
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term Debt and related current maturities	$ 13,227	$ 13,258
Fair Value [Member] \| Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term Debt and related current maturities	13,227	13,258
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-Term Debt and related current maturities	$ 13,034	$ 13,034

Subsequent Events - Additional Information (Detail) - USD ($)		3 Months Ended
	May 06, 2020	Mar. 31, 2020	Jun. 30, 2020
Greenwood Credit Union [Member]
Subsequent Event [Line Items]
Employee's average compensation percent		40.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Principal amount of debt	$ 4,400,000
Consolidated EBITDA to maintain additional financial covenant			$ 9,500,000
Subsequent Event [Member] \| Greenwood Credit Union [Member]
Subsequent Event [Line Items]
Debt instrument interest rate	1.00%
Average salary per employee reduced	$ 100,000
Percent of loan to be forgiven	40.00%