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Retirement Plans (Tables)
 12 Months Ended
Jan. 31, 2019
Retirement Benefits [Abstract]  
Schedule of pension plans
The following tables set forth (in thousands) the combined funded status of the Company’s pension plans at January 31, 2019 and 2018:
 
Combined Employee Retirement Plans
 
1/31/2019
 
1/31/2018
 
Change in Benefit Obligation
Benefit obligation at beg. of year
$
40,181

 
$
39,761

 
Service cost
—

 
—

 
Interest cost
1,459

 
1,593

 
Participant contributions
—

 
—

 
Amendments
—

 
—

 
Actuarial (gains) losses
(2,044
)
 
930

 
Plan settlement
(2,176
)
 
—

 
Benefits paid
(1,121
)
 
(2,103
)
 
Benefit obligation at end of year
$
36,299

 
$
40,181

 
Change in Plan Assets
 
 
 
 
Fair value at beg. of year
$
27,259

 
$
22,911

 
Actual return on plan assets
(1,557
)
 
4,726

 
Company contributions
1,122

 
1,725

 
Settlements
(2,176
)
 
—

 
Benefits paid
(1,121
)
 
(2,103
)
 
Fair value at end of year
$
23,527

 
$
27,259

 
Funded Status
 
 
 
 
Unfunded status of the plan
$
(12,772
)
 
$
(12,922
)
 
Amounts Recognized in Statement of Financial Position
 
 
 
 
Current liabilities
$
(322
)
 
$
(346
)
 
Non-current liabilities
(12,450
)
 
(12,576
)
 
Accrued benefit cost
$
(12,772
)
 
$
(12,922
)
 
Amounts Recognized in Statement of Financial Position and Operations
 
 
 
 
Accrued benefit liability
(12,772
)
 
(12,922
)
 
Accumulated other comp. loss (gain)
8,319

 
8,612

 
Net amount recognized
$
(4,453
)
 
$
(4,310
)
 
Items not yet Recognized as a Component of Net Periodic Pension Expense, Included in AOCI
 
 
 
 
Unrecognized net actuarial loss (gain)
$
8,319

 
$
8,612

 
Unamortized prior service costs
—

 
—

 
Net initial asset recognition
—

 
—

 
 
$
8,319

 
$
8,612

 





 
Combined Employee Retirement Plans
 
1/31/2019
 
1/31/2018
 
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss (gain)
$
1,039

 
$
(2,447
)
 
Prior service cost
—

 
—

 
Amortization of (loss) gain
(1,333
)
 
(955
)
 
Amortization of prior service cost (credit)
—

 
—

 
Amortization of initial asset
—

 
—

 
Total recognized in other comprehensive (loss) income
$
(294
)
 
$
(3,402
)
 
Items to be Recognized as a Component of Periodic Pension Cost for next fiscal year
 
 
 
 
Prior service cost
$
—

 
$
—

 
Net actuarial loss (gain)
706

 
692

 
 
$
706

 
$
692

 
Supplemental Data
 
 
 
 
Projected benefit obligation
$
36,299

 
$
40,181

 
Accumulated benefit obligation
36,299

 
40,181

 
Fair value of plan assets
23,527

 
27,259

 
Components of Net Cost
 
 
 
 
Service cost
$
—

 
$
—

 
Interest cost
1,459

 
1,593

 
Expected return on plan assets
(1,535
)
 
(1,367
)
 
Amortization of transition amount
—

 
—

 
Recognized (gain) loss due to settlement
—

 
—

 
Amortization of prior service cost
—

 
—

 
Recognized net actuarial loss
1,333

 
955

 
Benefit cost
$
1,257

 
$
1,181

 
Estimated Future Benefit Payments
 
 
 
 
FYE 01-31-2020
$
6,022

 
 
 
FYE 01-31-2021
2,171

 
 
 
FYE 01-31-2022
2,151

 
 
 
FYE 01-31-2023
2,087

 
 
 
FYE 01-31-2024
2,085

 
 
 
FYE 01-31-2025 to 2029
10,524

 
 
 
Total
$
25,040

 
 
 
Weighted Average Assumptions to Determine Benefit Obligations at
Year-End
 
 
 
 
Discount rate
3.75% - 4.10%
 
3.75% - 4.0%
 
Rate of compensation increase
N/A
 
N/A
 
Weighted Average Assumptions to Determine Net Periodic Pension Cost
 
 
 
 
Discount rate
4.25%
 
4.25%
 
Expected return on plan assets
6.50%
 
6.50%
 
Rate of compensation increase
N/A
 
N/A
 
Fair value measurements of plan assets
 
1/31/2019
 
1/31/2018
Level 1 Measurement
 
 
 
Cash & Cash Equivalents
$
—

 
$
—

Common Stock
9,345

 
9,701

PNC Govt Money Fund
630

 
1,030

Vanguard Total Bond
—

 
—

Ishares Credit Bond ETF
—

 
340

Vanguard INTM Term Investment
283

 
702

Vanguard LT Investment
1,304

 
1,973

Ishares Russell 2000
1,672

 
2,047

Ishares Russell MID-CAP
1,890

 
2,129

Ishares Emerging Markets
1,130

 
1,338

Ishares MCSI RAFE
1,534

 
1,838

Ishares S&P Index
2,895

 
4,825

  Vanguard INTM Term Treasury
281

 
—

  Vanguard LT Treasury
1,279

 
—

Total Level 1 Investments
$
22,243

 
$
25,923


 
 
 
Life insurance liability
The following sets forth the Company's change in death benefits payable during the years ended January 31, 2019 and 2018:
 
1/31/2019
 
1/31/2018
Liability beginning of year
$
2,088,000

 
$
2,184,000

Accretion expense
49,000

 
54,000

Death benefits paid
(100,000
)
 
(150,000
)
Liability end of year
$
2,037,000

 
$
2,088,000