STOCKHOLDERS' EQUITY

9 Months Ended

Oct. 31, 2012

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

9.  STOCKHOLDERS' EQUITY

Dividends

The following table sets forth the dividends declared and/or paid by the Company during fiscal 2013:

Declaration Date	Record Date	Payable	Dividend Class A	Dividend Class B	Amount Paid in Cash		Class A Shares Issued		Fair Value of Shares Issued
12/2/2012	12/18/2012	12/28/2012	$  0.288	$  0.240
9/5/2012	11/27/2012	12/28/2012	$  0.072	$  0.060
6/12/2012	8/28/2012	10/9/2012	$  0.072	$  0.060	$	922,000		13,000	$  166,000
3/20/2012	6/4/2012	7/16/2012	$  0.072	$  0.060	$	893,000		15,000	$  206,000
12/14/2011	3/13/2012	4/23/2012	$  0.072	$  0.060	$	948,000		12,000	$  128,000

Shares issued in payment of these dividends were issued out of treasury stock.

Stock Repurchase Activity

In September 2011, the Company's Board of Directors approved a stock repurchase plan. A total of one million shares may be repurchased under the plan and it may be suspended or discontinued at any time. Repurchases may be effected from time to time through open market purchases or pursuant to the Company's Rule 10b5-1 plan. Since the inception of the plan the Company has repurchased 746,000 and 87,000 shares of the Company's Class A and Class B common stock, respectively, for total cash consideration of $10.3 million including fees.

In fiscal 2013, the Company repurchased 411,000 shares and 46,000 shares of the Company's Class A and Class B common stock, respectively. The average share price was $13.21 and $13.06 for Class A and Class B stock, respectively, for total cash consideration of $6.0 million including fees. A total of 167,000 shares remain available for purchase under the plan as of October 31, 2012.