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Comprehensive Loss and Stockholders' Equity
 9 Months Ended
Oct. 31, 2011
Comprehensive Loss and Stockholders' Equity [Abstract]  
Comprehensive Loss and Stockholders' Equity

Note 9. Comprehensive Loss and Stockholders’ Equity

During the three months ended October 31, 2011 the Company incurred a settlement loss due to the volume of pension distributions disbursed from the Virco Employees’ Retirement Plan (the “Employees Retirement Plan”). As part of the calculation of the settlement loss, the Company was required to perform a re-measurement of the Employees Retirement Plan obligation that is normally performed at year end, including re-valuing the PBO and Employees Retirement Plan assets. During the quarter ended October 31, 2011 the Company incurred other comprehensive loss related to the Employees Retirement Plan of $4.6 million. Approximately $1.6 million of this loss was due to the year-to-date performance of investments in the Employees Retirement Plan trust and the balance was attributable to reducing the discount rate used to calculate the PBO of the Employee Retirement Plan from 5.5% at January 31, 2011 to 4.25% at October 31, 2011.

Comprehensive loss for the nine months ended October 31, 2010 was the same as net loss reported on the Statements of Operations. Accumulated other comprehensive loss at October 31, 2011 and 2010 and January 31, 2011 is composed of minimum pension liability adjustments.

During the nine months ended October 31, 2011, the Company did not repurchase any shares of its common stock. As of October 31, 2011, $1.1 million remained available for repurchases of the Company’s common stock pursuant to the Company’s repurchase program approved by the Board of Directors.