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Retirement Plans (Tables)
 12 Months Ended
Jan. 31, 2025
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, 2025 and 2024:
 Combined Employee Retirement Plans
1/31/20251/31/2024
Change in Benefit Obligation
Benefit obligation at beginning of year$27,385 $32,985 
Service cost— — 
Interest cost1,251 1,410 
Participant contributions— — 
Amendments— — 
Actuarial gains(765)(115)
Plan settlement— — 
Benefits paid (a)(1,047)(6,895)
Benefit obligation at end of year26,824 27,385 
Change in Plan Assets
Fair value at beginning of year 19,111 23,628 
Actual return on plan assets2,352 1,702 
Company contributions623 676 
Settlements— — 
Benefits paid (a)(1,047)(6,895)
Fair value at end of year21,039 19,111 
Funded Status
Unfunded status of the plans$(5,785)$(8,274)
Amounts Recognized in Statement of Financial Position
Current liabilities$(384)$(314)
Non-current liabilities(5,401)(7,960)
Accrued benefit cost$(5,785)$(8,274)
Amounts Recognized in Statement of Financial Position and Operations
Accrued benefit liability$(5,785)$(8,274)
Accumulated other compensation (gain) loss(1,822)495 
Net amount recognized$(7,607)$(7,779)
Items not yet Recognized as a Component of Net Periodic Pension (Income) Expense, included in AOCI
Unrecognized net actuarial (gain) loss$(1,822)$495 
Unamortized prior service costs— — 
Net initial asset recognition— — 
$(1,822)$495 

(a) During the third quarter ended October 2023, the Company sold approximately $5.3 million of the investment assets held in the Trust and the proceeds from the sale was used to purchase annuities on behalf of 49 participants currently receiving monthly benefits and 89 vested terminated participants.
 Combined Employee Retirement Plans
1/31/20251/31/2024
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net gain$(2,458)$(1,044)
Prior service cost— — 
Amortization of gain 142 4 
Recognized loss due to settlement— (375)
Amortization of initial asset— — 
Total recognized in other comprehensive income$(2,316)$(1,415)
Items to be Recognized as a Component of Periodic Pension Cost for next fiscal year
Prior service cost$— $— 
Net actuarial gain$(363)$(141)
$(363)$(141)
Supplemental Data
Projected benefit obligation$26,824 $27,385 
Accumulated benefit obligation$26,824 $27,385 
Fair value of plan assets$21,039 $19,111 
Components of Net Cost
Service cost$— $— 
Interest cost1,251 1,410 
Expected return on plan assets(675)(789)
Amortization of transition amount— — 
Recognized loss due to settlement— 375 
Amortization of prior service cost— — 
Recognized net actuarial (gain) loss(125)12 
Benefit cost$451 $1,008 
Estimated Future Benefit Payments
FYE 01-31-2026$6,649 
FYE 01-31-20272,580 
FYE 01-31-20282,339 
FYE 01-31-20291,988 
FYE 01-31-20301,876 
FYE 01-31-2031 to 20358,318 
Total$23,750 
Weighted Average Assumptions to Determine Benefit Obligations at Year-End
Discount rate
5.55% - 5.60%
5.15% - 5.20%
Rate of compensation increaseN/AN/A
Weighted Average Assumptions to Determine Net Periodic Pension Cost
Discount rate
5.15% - 5.20%
4.85%
Expected return on plan assets6.00%6.00%
Rate of compensation increaseN/AN/A
Fair value measurements of plan assets
1/31/20251/31/2024
Level 1 Measurement
Common Stock$12,647 $11,560 
Principal Money Market175 204 
Federated Herme Gove Oblig260 327 
Vanguard INTM Term Investment771 675 
Vanguard LT Investment1,916 1,744 
Ishares Russell 200019 16 
Ishares Russell MID-CAP20 17 
Ishares Emerging Markets17 15 
Ishares MCSI EAFE42 39 
Ishares S&P Index19 15 
  Vanguard LT Treasury1,904 1,695 
  Vanguard INTM Term Treasury774 663 
Total Level 1 Investments$18,564 $16,970 
Life insurance liability
The following sets forth the Company's change in death benefits payable during the years ended January 31, 2025 and 2024 (in thousands):
1/31/20251/31/2024
Liability beginning of year$1,468 $1,643 
Accretion expense27 25 
Death benefits paid(150)(200)
Liability end of year$1,345 $1,468