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Pension and Retirement Savings Plan (Tables)

12 Months Ended

Jan. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Components of Net Periodic Pension Costs

The components of the net periodic pension costs for the fiscal year ended January 31, 2019 are as follows:

(Amounts in thousands)		2019
Service cost		$	93
Interest cost			25
Expected return on assets			(25	)
Amortization of prior service costs			6
Net Periodic Pension Cost		$	99

Reconciliation of Change in Benefit Obligation, Change in Plan Assets and Net Amount Recognized in Consolidated Balance Sheets

A reconciliation of the change in benefit obligation, the change in plan assets and the net amount recognized in the consolidated balance sheets shown below (based on a January 31 measurement date):

(Amounts in thousands)		2019
Change in benefit obligation:
Pension benefit obligation at 12/31/2018		$	34,088
Service cost			93
Interest cost			25
Benefit and expense payments			(81	)
Employee contributions			70
Foreign currency exchange rate impact			(441	)
Pension benefit obligation at end of year			33,754
Change in plan assets:
Fair value of plan assets at 12/31/2018		$	33,538
Company contributions			105
Benefit and expense payments			(81	)
Actual return on plan assets			25
Employee contributions			70
Foreign currency exchange rate impact			(434	)
Fair value of plan assets at end of year			33,223
Funded status - consolidated		$	(531	)
Amounts recognized in the consolidated balance sheets    consist of:
Other long-term liabilities		$	531
Amounts recognized in accumulated other    comprehensive (loss):
Prior service cost			537
Tax effect			(117	)
Net amount recognized, after tax		$	420
Accumulated benefit obligation		$	30,083

Weighted-average Assumptions Used to Calculate Benefit Obligations and Net Periodic Benefit Cost

The weighted‑average assumptions that were used to determine the Company’s benefit obligations as of the measurement date (January 31) and that were used to determine the Company’s net periodic benefit cost were as follows:

		2019
Discount rate			0.90	%
Salary progression rate			1.10	%
Expected long-term rate of return on plan assets			0.90	%

Schedule of Expected Benefit Payments of Pension Plans

The Company expects the following benefit payments to be paid out for the fiscal years indicated. The expected benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at January 31, 2019 and include estimated future employee service. The Company does not expect any plan assets to be returned to it during the fiscal year ending January 31, 2020. Payments from the pension plan are made from the plan assets.

Fiscal Year ending January 31,		(in thousands)
2020		$	696
2021			709
2022			717
2023			727
2024			740
2025-2030			3,783

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(b)(c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

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