Stockholders’ Equity (Tables)

3 Months Ended

Apr. 30, 2018

The following table summarizes the unvested shares granted on September 12, 2017, which have been made under the 2017 Plan.

	Number of shares awarded total
	Minimum		Target		Maximum		Cap
Employees		21,145		31,718		42,291		50,748
Non-Employee Directors		7,246		10,870		14,493		17,391
Total		28,391		42,588		56,784		68,139

	Value at grant date (numbers below are rounded to the nearest $100)
	Minimum		Target		Maximum		Cap
Employees	$	291,800	$	437,700	$	583,600	$	700,300
Non-Employee Directors		100,000		150,000		200,000		240,000
Total	$	391,800	$	587,700	$	783,600	$	940,300

The Company recognized total stock-based compensation costs, which are reflected in operating expenses:

	Three Months Ended April 30,
	2018		2017
2012 Plan	$	—	$	206
2015 Plan		—		98,642
2017 Plan		119,240		—
Total stock-based compensation	$	119,240	$	98,848
Total income tax benefit recognized for stock-based compensation arrangements	$	25,040	$	35,585

									Outstanding
	Outstanding								Unvested
	Unvested		Granted		Becoming		Forfeited		Grants at
	Grants at		during		Vested during		during		Maximum at
	Maximum at		FY18 through		FY18 through		FY18 through		End of
Shares issued under	Beginning of		April 30,		April 30,		April 30,		April 30,
2017 Stock Plan	FY19		2018		2018		2018		2018
Restricted stock grants – employees		42,291		—		—		—		42,291
Restricted stock grants – non-employee directors		14,493		—		—		—		14,493
Retainer in stock – non-employee directors		12,789		5,328		—		—		18,117
Total restricted stock		69,573		5,328		—		—		74,901

Weighted average grant date fair value	$	13.63	$	12.95	$	—	$	—	$	13.58