Retirement Plans (Tables)

12 Months Ended

Jan. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of pension plans

The following tables set forth (in thousands) the funded status of the Company’s pension plans at January 31, 2016, and 2015:

	Employee Plan						VIP Plan						Directors Plan
	1/31/2016			1/31/2015			1/31/2016			1/31/2015			1/31/2016			1/31/2015
Change in Benefit Obligation
Benefit obligation at beg. of year	$	37,708		$	32,069		$	10,104		$	7,662		$	428		$	439
Service cost	—			—			—			—			—			—
Interest cost	1,147			1,260			343			350			13			17
Participant contributions				—						—			—			—
Amendments				—						—			—			—
Actuarial losses (gains)	(4,256		)	5,962			(1,209		)	2,636			(107		)	8
Plan settlement	(1,380		)	(1,071		)				—						—
Benefits paid	(560		)	(512		)	(537		)	(544		)	(54		)	(36		)
Benefit obligation at end of year	$	32,659		$	37,708		$	8,701		$	10,104		$	280		$	428
Change in Plan Assets
Fair value at beg. of year	$	21,187		$	18,168		$	—		$	—		$	—		$	—
Actual return on plan assets	(974		)	2,172			—			—			—			—
Company contributions	1,575			2,430			537			544			54			36
Settlements	(1,380		)	(1,071		)				—						—
Benefits paid	(560		)	(512		)	(537		)	(544		)	(54		)	(36		)
Fair value at end of year	$	19,848		$	21,187		$	—		$	—		$	—		$	—
Funded Status
Unfunded status of the plan	$	(12,811	)	$	(16,521	)	$	(8,701	)	$	(10,104	)	$	(280	)	$	(428	)
Amounts Recognized in Statement of Financial Position
Current liabilities	—			—			(593		)	(613		)	(34		)	—
Non-current liabilities	(12,811		)	(16,521		)	(8,108		)	(9,491		)	(246		)	(428		)
Accrued benefit cost	$	(12,811	)	$	(16,521	)	$	(8,701	)	$	(10,104	)	$	(280	)	$	(428	)
Amounts Recognized in Statement of Financial Position and Operations
Accrued benefit liability	$	(12,811	)	$	(16,521	)	$	(8,701	)	$	(10,104	)	$	(280	)	$	(428	)
Accumulated other comp. loss (gain)	13,889			17,992			3,023			4,716			(144		)	(37		)
Net amount recognized	$	1,078		$	1,471		$	(5,678	)	$	(5,388	)	$	(424	)	$	(465	)
Items not yet Recognized as a Component of Net Periodic Pension Expense, Included in AOCI
Unrecognized net actuarial loss (gain)	$	13,889		$	17,992		$	3,023		$	4,716		$	(144	)	$	(37	)
Unamortized prior service costs	—			—			—			—			—			—
Net initial asset recognition	—			—			—			—			—			—
	$	13,889		$	17,992		$	3,023		$	4,716		$	(144	)	$	(37	)

	Employee Plan						VIP Plan						Directors Plan
	1/31/2016			1/31/2015			1/31/2016			1/31/2015			1/31/2016			1/31/2015
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss (gain)	$	(1,986	)	$	4,893		$	(1,209	)	$	2,636		$	(107	)	$	8
Prior service cost				—												—
Amortization of (loss) gain	(2,117		)	(1,136		)	(484		)	(178		)	—			31
Amortization of prior service cost (credit)	—			—			—			—			—			—
Amortization of initial asset	—			—			—			—			—			—
Total recognized in other comprehensive (loss) income	$	(4,103	)	$	3,757		$	(1,693	)	$	2,458		$	(107	)	$	39
Items to be Recognized as a Component of Periodic Pension Cost for next fiscal year
Prior service cost	$	—		$	—		$	—		$	—		$	—		$	—
Net actuarial loss (gain)	1,162			1,529			310			484			(116		)	—
	$	1,162		$	1,529		$	310		$	484		$	(116	)	$	—
Supplemental Data
Projected benefit obligation	$	32,659		$	37,708		$	8,701		$	10,104		$	280		$	428
Accumulated benefit obligation	32,659			37,708			8,701			10,104			280			428
Fair value of plan assets	19,848			21,187			—			—			—			—
Components of Net Cost
Service cost	$	—		$	—		$	—		$	—		$	—		$	—
Interest cost	1,147			1,260			343			350			13			17
Expected return on plan assets	(1,295		)	(1,102		)	—			—			—			—
Amortization of transition amount	—			—			—			—			—			—
Recognized (gain) loss due to settlement	587			—			—			—			—			—
Amortization of prior service cost	—			—			—			—						—
Recognized net actuarial loss	1,529			1,136			484			178			—			(31		)
Benefit cost	$	1,968		$	1,294		$	827		$	528		$	13		$	(14	)
Estimated Future Benefit Payments
FYE 01-31-2017	$	6,194					$	593					$	34
FYE 01-31-2018	1,503						294						32
FYE 01-31-2019	1,797						321						31
FYE 01-31-2020	1,597						341						29
FYE 01-31-2021	1,601						328						27
FYE 01-31-2022 to 2026	9,455						1,911						103
Total	$	22,147					$	3,788					$	256
Weighted Average Assumptions to Determine Benefit Obligations at Year-End
Discount rate	4.00		%	3.25		%	4.25		%	3.50		%	3.25		%	3.25		%
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	3.25		%	4.25		%	3.50		%	4.75		%	3.25		%	4.25		%
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

	1/31/2016		1/31/2015
Level 1 Measurement
Cash & Cash Equivalents	$	—	$	528
Common Stock	5,831		6,476
Total Level 1	$	5,831	$	7,004
Level 2 Measurement
PNC Govt Money Fund	$	1,087	$	—
Vanguard Total Bond	3,478		—
Ishares Russell 2000	1,276		—
Vanguard All World	1,668		—
Blackrock S&P Index	5,410		—
Bond Index Fund	—		427
Core Bond CIT Fund	—		1,457
US Aggregate Bond Index Fund	—		627
Large Cap Growth Index Fund	—		3,610
Large Cap Value Index Fund	—		3,561
Russell 2000 Index Fund	—		1,499
International Equity Index Fund	—		1,653
Managed Investment Fund	1,098		1,075
Vanguard MSCI Emerging Markets Fund	—		274
Total Level 2	$	14,017	$	14,183
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, 2016 and 2015:

	1/31/2016			1/31/2015
Liability beginning of year	$	2,388,000		$	2,401,000
Accretion expense	78,000			104,000
Death benefits paid	(300,000		)	(117,000		)
Liability end of year	$	2,166,000		$	2,388,000