Employee Postretirement Benefits

3 Months Ended

Apr. 30, 2020

Retirement Benefits [Abstract]

Employee Postretirement Benefits

EMPLOYEE POSTRETIREMENT BENEFITS

The Company provides postretirement medical and other benefits to certain current and past senior executive officers and senior managers. These plan obligations are unfunded. The components of the net periodic benefit cost for postretirement benefits are as follows:

	Three Months Ended
	April 30, 2020		April 30, 2019
Service cost	$	9	$	7
Interest cost	70		83
Amortization of actuarial losses	43		24
Amortization of unrecognized gains in prior service cost	(40)		(40)
Net periodic benefit cost	$	82	$	74

Postretirement benefit cost components are reclassified in their entirety from accumulated other comprehensive loss to net periodic benefit cost. Service cost is reported in net income as "Cost of sales" or "Selling, general, and administrative expenses" in a manner consistent with the classification of direct labor and personnel costs of the eligible employees. The components of the net periodic benefit cost, other than the service cost component, are classified as a non-operating expense in "Other income (expense), net" on the Consolidated Statements of Income and Comprehensive Income.