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Subsequent Events
9 Months Ended
Oct. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On November 14, 2017, Virco entered into a fourth amendment (the “Amendment”) to the lease agreement pursuant to which the Company leases its office manufacturing and warehouse facility in Torrance, California. The Amendment extends the term of the lease for an additional 62 months through April 30, 2025, and provides for monthly base lease payments that increase after each 12-month period. The monthly base lease payments range from approximately $396,890.00 per month (which applies for the period from May 1, 2020 to February 28, 2021) to $446,703.19 per month (which applies for the period from March 1, 2024 to April 30, 2025).

On December 12, 2017, the Company's Board of Directors declared a cash dividend of $0.015 per share to shareholders of record as of December 28, 2017, with a payment date of January 10, 2018.