XML 32 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1

EMPLOYEE BENEFITS

12 Months Ended

Jan. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

11. EMPLOYEE BENEFITS

The Company maintains the REX 2015 Incentive Plan, approved by its shareholders, which reserves a total of 550,000 shares of common stock for issuance pursuant to its terms. The plan provides for the granting of shares of stock, including options to purchase shares of common stock, stock appreciation rights tied to the value of common stock, restricted stock, and restricted stock unit awards to eligible employees, non-employee directors and consultants. The Company measures share-based compensation grants at fair value on the grant date, adjusted for estimated forfeitures. The Company records noncash compensation expense related to liability and equity awards in its consolidated financial statements over the requisite service period on a straight-line basis. At January 31, 2017, 525,330 shares remain available for issuance under the Plan. As a component of their compensation, restricted stock has been granted to directors at the market price of REX common stock on the date of the grant. In addition one third of executives’ incentive compensation is payable by an award of restricted stock based on the then market price of REX common stock.

At January 31, 2017 and 2016, unrecognized compensation cost related to nonvested restricted stock was approximately $214,000 and $136,000, respectively.

The following table summarizes non-vested restricted stock award activity for the fiscal years 2016 and 2015:

		2016
						Weighted				Weighted
						Average Grant				Average Remaining
		Non-Vested				Date Fair Value				Vesting Term
		Shares				(000’s)				(in years)
Non-Vested at January 31, 2016			3,168			$	200				2
Granted			21,502				1,269
Forfeited			—				—
Vested			1,320				83
Non-Vested at January 31, 2017			23,350			$	1,386				2

		2015
						Weighted				Weighted
						Average Grant				Remaining Vesting
		Non-Vested				Date Fair Value				Vesting Term
		Shares				(000’s)				(in years)
Non-Vested at January 31, 2015			—			$	—
Granted			3,168				200
Forfeited			—				—
Vested			—				—
Non-Vested at January 31, 2016			3,168			$	200				2

The following summarizes stock option activity for fiscal year 2014:

		2014
						Weighted
						Average
		Shares				Exercise
		(000’s)				Price
Outstanding—Beginning of year			84			$	12.37
Exercised			(84	)			12.37
Canceled or expired			—				—
Outstanding—End of year			—
Exercisable—End of year			—

X

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-URI http://asc.fasb.org/subtopic&trid=2208855

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration