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Retirement Plans (Tables)
 12 Months Ended
Jan. 31, 2017
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, 2017, and 2016:
 
Employee Plan
 
VIP Plan
 
Directors Plan
1/31/2017
 
1/31/2016
 
1/31/2017
 
1/31/2016
 
1/31/2017
 
1/31/2016
Change in Benefit Obligation
 
 
 
 
Benefit obligation at beg. of year
$
32,659

 
$
37,708

 
$
8,701

 
$
10,104

 
$
280

 
$
428

Service cost
—

 
—

 
—

 
—

 
—

 
—

Interest cost
1,184

 
1,147

 
357

 
343

 
10

 
13

Participant contributions


 
—

 


 
—

 
—

 
—

Amendments


 
—

 


 
—

 
—

 
—

Actuarial losses (gains)
(1,125
)
 
(4,256
)
 
(266
)
 
(1,209
)
 
3

 
(107
)
Plan settlement
—

 
(1,380
)
 


 
—

 
—

 
—

Benefits paid
(1,506
)
 
(560
)
 
(500
)
 
(537
)
 
(36
)
 
(54
)
Benefit obligation at end of year
$
31,212

 
$
32,659

 
$
8,292

 
$
8,701

 
$
257

 
$
280

Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value at beg. of year
$
19,848

 
$
21,187

 
$
—

 
$
—

 
$
—

 
$
—

Actual return on plan assets
3,169

 
(974
)
 
—

 
—

 
—

 
—

Company contributions
1,400

 
1,575

 
500

 
537

 
36

 
54

Settlements
—

 
(1,380
)
 


 
—

 
—

 
—

Benefits paid
(1,506
)
 
(560
)
 
(500
)
 
(537
)
 
(36
)
 
(54
)
Fair value at end of year
$
22,911

 
$
19,848

 
$
—

 
$
—

 
$
—

 
$
—

Funded Status
 
 
 
 
 
 
 
 
 
 
 
Unfunded status of the plan
$
(8,301
)
 
$
(12,811
)
 
$
(8,292
)
 
$
(8,701
)
 
$
(257
)
 
$
(280
)
Amounts Recognized in Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
—

 
—

 
(278
)
 
(593
)
 
(34
)
 
(34
)
Non-current liabilities
(8,301
)
 
(12,811
)
 
(8,014
)
 
(8,108
)
 
(223
)
 
(246
)
Accrued benefit cost
$
(8,301
)
 
$
(12,811
)
 
$
(8,292
)
 
$
(8,701
)
 
$
(257
)
 
$
(280
)
Amounts Recognized in Statement of Financial Position and Operations
 
 
 
 
 
 
 
 
 
 
 
Accrued benefit liability
$
(8,301
)
 
$
(12,811
)
 
$
(8,292
)
 
$
(8,701
)
 
$
(257
)
 
$
(280
)
Accumulated other comp. loss (gain)
9,567

 
13,889

 
2,447

 
3,023

 
—

 
(144
)
Net amount recognized
$
1,266

 
$
1,078

 
$
(5,845
)
 
$
(5,678
)
 
$
(257
)
 
$
(424
)
Items not yet Recognized as a Component of Net Periodic Pension Expense, Included in AOCI
 
 
 
 
 
 
 
 
 
 
 
Unrecognized net actuarial loss (gain)
$
9,567

 
$
13,889

 
$
2,447

 
$
3,023

 
$
—

 
$
(144
)
Unamortized prior service costs
—

 
—

 
—

 
—

 
—

 
—

Net initial asset recognition
—

 
—

 
—

 
—

 
—

 
—

 
$
9,567

 
$
13,889

 
$
2,447

 
$
3,023

 
$
—

 
$
(144
)





 
Employee Plan
 
VIP Plan
 
Directors Plan
1/31/2017
 
1/31/2016
 
1/31/2017
 
1/31/2016
 
1/31/2017
 
1/31/2016
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
 
 
 
 
Net loss (gain)
$
(3,159
)
 
$
(1,986
)
 
$
(266
)
 
$
(1,209
)
 
$
3

 
$
(107
)
Prior service cost


 
—

 


 


 
—

 
—

Amortization of (loss) gain
(1,162
)
 
(2,117
)
 
(310
)
 
(484
)
 
144

 
—

Amortization of prior service cost (credit)
—

 
—

 
—

 
—

 
—

 
—

Amortization of initial asset
—

 
—

 
—

 
—

 
—

 
—

Total recognized in other comprehensive (loss) income
$
(4,321
)
 
$
(4,103
)
 
$
(576
)
 
$
(1,693
)
 
$
147

 
$
(107
)
Items to be Recognized as a Component of Periodic Pension Cost for next fiscal year
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Net actuarial loss (gain)
715

 
1,162

 
240

 
310

 
—

 
(116
)
 
$
715

 
$
1,162

 
$
240

 
$
310

 
$
—

 
$
(116
)
Supplemental Data
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
$
31,212

 
$
32,659

 
$
8,292

 
$
8,701

 
$
257

 
$
280

Accumulated benefit obligation
31,212

 
32,659

 
8,292

 
8,701

 
257

 
280

Fair value of plan assets
22,911

 
19,848

 
—

 
—

 
—

 
—

Components of Net Cost
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
1,184

 
1,147

 
357

 
343

 
10

 
13

Expected return on plan assets
(1,134
)
 
(1,295
)
 
—

 
—

 
—

 
—

Amortization of transition amount
—

 
—

 
—

 
—

 
—

 
—

Recognized (gain) loss due to settlement
—

 
587

 
—

 
—

 
—

 
—

Amortization of prior service cost
—

 
—

 
—

 
—

 
—

 
—

Recognized net actuarial loss
1,162

 
1,529

 
310

 
484

 
(144
)
 
—

Benefit cost
$
1,212

 
$
1,968

 
$
667

 
$
827

 
$
(134
)
 
$
13

Estimated Future Benefit Payments
 
 
 
 
 
 
 
 
 
 
 
FYE 01-31-2018
$
6,076

 
 
 
$
284

 
 
 
$
34

 
 
FYE 01-31-2019
1,726

 
 
 
312

 
 
 
32

 
 
FYE 01-31-2020
1,594

 
 
 
333

 
 
 
31

 
 
FYE 01-31-2021
1,605

 
 
 
322

 
 
 
29

 
 
FYE 01-31-2022 to 2026
1,619

 
 
 
354

 
 
 
27

 
 
FYE 01-31-2023 to 2027
9,570

 
 
 
2,048

 
 
 
70

 
 
Total
$
22,190

 
 
 
$
3,653

 
 
 
$
223

 
 
Weighted Average Assumptions to Determine Benefit Obligations at
Year-End
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.25
%
 
4.00
%
 
4.50
%
 
4.25
%
 
4.25
%
 
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
4.00
%
 
3.25
%
 
4.25
%
 
3.50
%
 
4.00
%
 
3.25
%
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
 
1/31/2017
 
1/31/2016
Level 1 Measurement
 
 
 
Cash & Cash Equivalents
$
—

 
$
—

Common Stock
7,379

 
5,831

Total Level 1
$
7,379

 
$
5,831

Level 2 Measurement
 
 
 
PNC Govt Money Fund
$
856

 
$
1,087

Vanguard Total Bond
1,144

 
3,478

Ishares Russell 2000
1,771

 
1,276

Vanguard All World
—

 
1,668

Blackrock S&P Index
4,643

 
5,410

Ishares Credit Bond ETF
172

 
—

Vanguard INTM Term Investment
346

 
—

Ishares MID-CAP
1,817

 
—

Ishares Emerging Markets
1,110

 
—

Ishares MCSI RAFE
1,553

 
—

Vanguard REIT
913

 
—

Managed Investment Fund
1,207

 
1,098

Total Level 2
$
15,532

 
$
14,017

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, 2017 and 2016:
 
1/31/2017
 
1/31/2016
Liability beginning of year
$
2,166,000

 
$
2,388,000

Accretion expense
68,000

 
78,000

Death benefits paid
(50,000
)
 
(300,000
)
Liability end of year
$
2,184,000

 
$
2,166,000