Dividends and Treasury Stock

3 Months Ended

Apr. 30, 2017

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

Dividends paid to Raven shareholders were $4,691, or 13.0 cents per share, for the three months ended April 30, 2017 and $4,701, or 13.0 cents per share, during the three months ended April 30, 2016. There were no declared and unpaid shareholder dividends at April 30, 2017 or 2016, 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 at that time.An additional $10,000 was authorized for share repurchases once the $40,000 authorization limit is reached.

Pursuant to these authorizations, the Company repurchased382,065 shares totaling $5,702 in the three-month period ended April 30, 2016. All such share repurchases were paid at April 30, 2016. No shares were repurchased in the three-month period ended April 30, 2017. The remaining dollar value authorized for share repurchases atApril 30, 2017is$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.