Retirement Plans (Tables)

12 Months Ended

Jan. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of pension plans

The following tables sets forth (in thousands) the funded status of the Company’s pension plans at January 31, 2013, and 2012:

	Employee Plan						VIP Plan						Directors Plan
	1/31/2013			1/31/2012			1/31/2013			1/31/2012			1/31/2013			1/31/2012
Change in Benefit Obligation
Benefit obligation at beg. of year	$	29,583		$	27,080		$	8,079		$	6,529		$	480		$	450
Service cost	—			—			—			—			—			—
Interest cost	1,299			1,370			352			379			20			23
Participant contributions	—			—			—			—			—			—
Amendments	—			—			—			—			—			—
Actuarial losses (gains)	3,951			5,537			175			1,622			(23		)	7
Plan settlement	(1,477		)	(3,791		)	—			—			—			—
Benefits paid	(516		)	(613		)	(552		)	(451		)	(9		)	—
Benefit obligation at end of year	$	32,840		$	29,583		$	8,054		$	8,079		$	468		$	480
Change in Plan Assets
Fair value at beg. of year	$	14,808		$	17,737		$	—		$	—		$	—		$	—
Actual return on plan assets	2,035			(415		)	—			—			—			—
Company contributions	2,025			1,890			552			451			9			—
Settlements	(1,477		)	(3,791		)	—			—			—			—
Benefits paid	(516		)	(613		)	(552		)	(451		)	(9		)	—
Fair value at end of year	$	16,875		$	14,808		$	—		$	—		$	—		$	—
Funded Status
Unfunded status of the plan	$	(15,965	)	$	(14,775	)	$	(8,054	)	$	(8,079	)	$	(468	)	$	(480	)
Amounts Recognized in Statement of Financial Position
Current liabilities	—			—			(570		)	(495		)	(61		)	(67		)
Non-current liabilities	(15,965		)	(14,775		)	(7,484		)	(7,584		)	(407		)	(413		)
Accrued benefit cost	$	(15,965	)	$	(14,775	)	$	(8,054	)	$	(8,079	)	$	(468	)	$	(480	)
Amounts Recognized in Statement of Financial Position and Operations
Accrued benefit liability	$	(15,965	)	$	(14,775	)	$	(8,054	)	$	(8,079	)	$	(468	)	$	(480	)
Accumulated other comp. loss (gain)	16,906			16,195			2,656			1,571			(61		)	(38		)
Net amount recognized	$	941		$	1,420		$	(5,398	)	$	(6,508	)	$	(529	)	$	(518	)
Items not yet Recognized as a Component of Net Periodic Pension Expense, Included in AOCI
Unrecognized net actuarial loss (gain)	$	16,906		$	16,195		$	2,656		$	1,571		$	(61	)	$	(38	)
Unamortized prior service costs	—			—			—			—			—			—
Net initial asset recognition	—			—			—			—			—			—
	$	16,906		$	16,195		$	2,656		$	1,571		$	(61	)	$	(38	)

	Employee Plan						VIP Plan						Directors Plan
	1/31/2013			1/31/2012			1/31/2013			1/31/2012			1/31/2013			1/31/2012
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss (gain)	$	2,895		$	7,060		$	175		$	1,622		$	(23	)	$	7
Prior service cost	—			—			—			—			—			—
Amortization of (loss) gain	(2,184		)	(3,091		)	(205		)	(51		)	—			39
Amortization of prior service cost (credit)	—			—			—			—			—			—
Amortization of initial asset	—			—			—			—			—			—
Total recognized in other comprehensive income	$	711		$	3,969		$	(30	)	$	1,571		$	(23	)	$	46
Items to be Recognized as a Component of 2013 Periodic Pension Cost
Prior service cost	$	—		$	—		$	—		$	—		$	—		$	—
Net actuarial loss (gain)	1,397			1,423			222			205			(14		)	—
	$	1,397		$	1,423		$	222		$	205		$	(14	)	$	—
Supplemental Data
Projected benefit obligation	$	32,840		$	29,583		$	8,054		$	8,079		$	468		$	480
Accumulated benefit obligation	32,840			29,583			8,054			8,079			468			480
Fair value of plan assets	16,875			14,808			—			—			—			—
Components of Net Cost
Service cost	$	—		$	—		$	—		$	—		$	—		$	—
Interest cost	1,299			1,370			352			379			20			23
Expected return on plan assets	(979		)	(1,107		)	—			—			—			—
Amortization of transition amount	—			—			—			—			—			—
Recognized (gain) loss due to curtailments	—			—			—			—			—			—
Amortization of prior service cost	—			—			—			—
Recognized net actuarial loss	2,184			3,091			205			51			—			(39		)
Benefit cost	$	2,504		$	3,354		$	557		$	430		$	20		$	(16	)
Estimated Future Benefit Payments
FYE 01-31-2014	$	1,358					$	570					$	61
FYE 01-31-2015	1,949						345						56
FYE 01-31-2016	1,951						344						51
FYE 01-31-2017	2,632						330						46
FYE 01-31-2018	1,435						315						41
FYE 01-31-2019 to 2023	9,022						1,786						139
Total	$	18,347					$	3,690					$	394
Weighted Average Assumptions to Determine Benefit Obligations at Year-End
Discount rate	4.00		%	4.50		%	4.25		%	4.50		%	4.00		%	4.50		%
Rate of compensation increase	N/A			N/A			N/A			N/A			N/A			N/A
Weighted Average Assumptions to Determine Net Periodic Pension Cost
Discount rate	4.50		%	5.50		%	4.50		%	6.00		%	4.50		%	5.50		%
Expected return on plan assets	6.50		%	6.50		%	N/A			N/A			N/A			N/A
Rate of compensation increase	N/A			N/A			N/A			N/A			N/A			N/A

Fair value measurements of plan assets

	1/31/2013		1/31/2012
Level 1 Measurement
Cash & Cash Equivalents	$	268	$	334
Common Stock	4,376		3,538
Total Level 1	$	4,644	$	3,872
Level 2 Measurement
Bond Index Fund	$	162	$	223
Total Return Bond Fund	—		306
Core Bond CIT Fund	973		—
US Aggregate Bond Index Fund	229		288
Large Cap Growth Index Fund	3,809		3,652
Large Cap Value Index Fund	3,039		2,776
Russell 2000 Index Fund	1,461		1,380
International Equity Index Fund	1,179		1,111
Managed Investment Fund	773		632
Vanguard MSCI Emerging Markets Fund	606		568
Total Level 2	$	12,231	$	10,936
Level 3 Measurement
None	N/A		N/A

Life insurance liability

The following sets forth the Company's change in death benefits payable during the years ended January 31, 2013 and 2012:

	1/31/2013			1/31/2012
Liability beginning of year	$	2,074,000		$	1,964,000
Accretion expense	292,000			110,000
Present value of death benefits paid	(50,000		)	—
Liability end of year	$	2,316,000		$	2,074,000