Equity and Stock-Based Compensation

6 Months Ended

Jul. 31, 2017

Equity [Abstract]

Equity and Stock-Based Compensation

11. Equity and Stock-Based Compensation

During the three months ended July 31, 2017, the Company’s Board of Directors declared quarterly dividends of $0.5625 per share for our Preferred Stock. See note 9 to our condensed consolidated financial statements.

Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three and six months ended July 31, 2017 was approximately $237,000 and $461,000, respectively, and, during the three and six months ended July 31, 2016 was approximately $186,000 and $433,000, respectively.