Dividends and Treasury Stock

6 Months Ended

Jul. 31, 2016

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

Dividends paid to Raven shareholders for the three and six months ended July 31, 2016 were $4,687 and $9,388 or 13.0 cents and 26.0 cents per share, respectively. Dividends paid to Raven shareholders for the three and six months ended July 31, 2015 were $4,894 and $9,834, or 13.0 cents and 26.0 cents per share, respectively.

Effective March 21, 2016 the Board of Directors (Board) authorized an extension and increase of the authorized $40,000 stock buyback program in place.An additional $10,000 was authorized for share repurchases once the $40,000 authorization limit is reached.

Pursuant to these authorizations, the Company repurchased102,187 and 484,252 shares in the three- and six-month periods ended July 31, 2016. These purchases totaled $2,000 and $7,702, respectively. The Company repurchased400,599 and 549,958 shares in the three- and six-month periods ended July 31, 2015. These purchases totaled $7,781 and $10,825, respectively. All such share repurchases were paid at July 31, 2016. At July 31, 2015, $27 of such share repurchases were unpaid. The remaining dollar value authorized for share repurchases atJuly 31, 2016is$12,959. This authorization remains in place until such time as the authorized spending limit is reached or such authorization is revoked by the Board.