Note 10 - Employee Benefit Plans

12 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

10.

EMPLOYEE BENEFIT PLANS

The Company has a defined contribution

401

(k) plan which is available to U.S. employees after

30

days of employment. Employees

may

contribute up to the maximum allowable by the Internal Revenue Code. The Company voluntarily matches

75%

of the employees’ contributions up to the

first

four

percent of the employee’s eligible compensation. In addition, the Company can make additional contributions at the discretion of the board of directors. Participants are immediately vested in their employee contributions. Vesting of employer contributions depends on an employee's years of service, starting with

20%

at

one

year of service and increasing

20%

for each subsequent year of service until fully vested after

five

years of service. The Company’s contributions for fiscal years

2019,

2018

and

2017

were

$2.2

million,

$2.2

million and

$2.1

million, respectively.

Various QAD foreign subsidiaries also contribute to defined contribution pension plans. Employer contributions in these plans are generally based on employee salary and range from

2%

to

20%.

These plans are funded at various times throughout the year according to plan provisions, with aggregate employer contributions of

$5.3

million for fiscal

2019,

$4.4

million for fiscal

2018

and

$4.1

million for fiscal

2017.