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Retirement Plans (Tables)
 12 Months Ended
Jan. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of pension plans
The following tables sets forth (in thousands) the funded status of the Company’s pension plans at January 31, 2014, and 2013:
 
Employee Plan
 
VIP Plan
 
Directors Plan
1/31/2014
 
1/31/2013
 
1/31/2014
 
1/31/2013
 
1/31/2014
 
1/31/2013
Change in Benefit Obligation
Benefit obligation at beg. of year
$
32,840

 
$
29,583

 
$
8,054

 
$
8,079

 
$
468

 
$
480

Service cost
—

 
—

 
—

 
—

 
—

 
—

Interest cost
1,312

 
1,299

 
330

 
352

 
18

 
20

Participant contributions
—

 
—

 
—

 
—

 
—

 
—

Amendments
—

 
—

 
—

 
—

 
—

 
—

Actuarial losses (gains)
596

 
3,951

 
(176
)
 
175

 
(29
)
 
(23
)
Plan settlement
(2,148
)
 
(1,477
)
 
—

 
—

 
—

 
—

Benefits paid
(531
)
 
(516
)
 
(546
)
 
(552
)
 
(18
)
 
(9
)
Benefit obligation at end of year
$
32,069

 
$
32,840

 
$
7,662

 
$
8,054

 
$
439

 
$
468

Change in Plan Assets
 
 
 
 
 
 
 
 
 
 
 
Fair value at beg. of year
$
16,875

 
$
14,808

 
$
—

 
$
—

 
$
—

 
$
—

Actual return on plan assets
2,122

 
2,035

 
—

 
—

 
—

 
—

Company contributions
1,850

 
2,025

 
546

 
552

 
18

 
9

Settlements
(2,148
)
 
(1,477
)
 
—

 
—

 
—

 
—

Benefits paid
(531
)
 
(516
)
 
(546
)
 
(552
)
 
(18
)
 
(9
)
Fair value at end of year
$
18,168

 
$
16,875

 
$
—

 
$
—

 
$
—

 
$
—

Funded Status
 
 
 
 
 
 
 
 
 
 
 
Unfunded status of the plan
$
(13,901
)
 
$
(15,965
)
 
$
(7,662
)
 
$
(8,054
)
 
$
(439
)
 
$
(468
)
Amounts Recognized in Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
—

 
—

 
(584
)
 
(570
)
 
(66
)
 
(61
)
Non-current liabilities
(13,901
)
 
(15,965
)
 
(7,078
)
 
(7,484
)
 
(373
)
 
(407
)
Accrued benefit cost
$
(13,901
)
 
$
(15,965
)
 
$
(7,662
)
 
$
(8,054
)
 
$
(439
)
 
$
(468
)
Amounts Recognized in Statement of Financial Position and Operations
 
 
 
 
 
 
 
 
 
 
 
Accrued benefit liability
$
(13,901
)
 
$
(15,965
)
 
$
(7,662
)
 
$
(8,054
)
 
$
(439
)
 
$
(468
)
Accumulated other comp. loss (gain)
14,235

 
16,906

 
2,259

 
2,656

 
(75
)
 
(61
)
Net amount recognized
$
334

 
$
941

 
$
(5,403
)
 
$
(5,398
)
 
$
(514
)
 
$
(529
)
Items not yet Recognized as a Component of Net Periodic Pension Expense, Included in AOCI
 
 
 
 
 
 
 
 
 
 
 
Unrecognized net actuarial loss (gain)
$
14,235

 
$
16,906

 
$
2,259

 
$
2,656

 
$
(75
)
 
$
(61
)
Unamortized prior service costs
—

 
—

 
—

 
—

 
—

 
—

Net initial asset recognition
—

 
—

 
—

 
—

 
—

 
—

 
$
14,235

 
$
16,906

 
$
2,259

 
$
2,656

 
$
(75
)
 
$
(61
)





 
Employee Plan
 
VIP Plan
 
Directors Plan
1/31/2014
 
1/31/2013
 
1/31/2014
 
1/31/2013
 
1/31/2014
 
1/31/2013
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss (gain)
$
(407
)
 
$
2,895

 
$
(176
)
 
$
175

 
$
(29
)
 
$
(23
)
Prior service cost
—

 
—

 


 
—

 
—

 
—

Amortization of (loss) gain
(2,264
)
 
(2,184
)
 
(222
)
 
(205
)
 
14

 
—

Amortization of prior service cost (credit)
—

 
—

 
—

 
—

 
—

 
—

Amortization of initial asset
—

 
—

 
—

 
—

 
—

 
—

Total recognized in other comprehensive income
$
(2,671
)
 
$
711

 
$
(398
)
 
$
(30
)
 
$
(15
)
 
$
(23
)
Items to be Recognized as a Component of 2013 Periodic Pension Cost
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Net actuarial loss (gain)
1,136

 
1,397

 
178

 
222

 
(31
)
 
(14
)
 
$
1,136

 
$
1,397

 
$
178

 
$
222

 
$
(31
)
 
$
(14
)
Supplemental Data
 
 
 
 
 
 
 
 
 
 
 
Projected benefit obligation
$
32,069

 
$
32,840

 
$
7,662

 
$
8,054

 
$
439

 
$
468

Accumulated benefit obligation
32,069

 
32,840

 
7,662

 
8,054

 
439

 
468

Fair value of plan assets
18,168

 
16,875

 
—

 
—

 
—

 
—

Components of Net Cost
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
1,312

 
1,299

 
330

 
352

 
18

 
20

Expected return on plan assets
(1,119
)
 
(979
)
 
—

 
—

 
—

 
—

Amortization of transition amount
—

 
—

 
—

 
—

 
—

 
—

Recognized (gain) loss due to curtailments
—

 
—

 
—

 
—

 
—

 
—

Amortization of prior service cost
—

 
—

 
—

 
—

 
—

 
—

Recognized net actuarial loss
2,264

 
2,184

 
222

 
205

 
(14
)
 
—

Benefit cost
$
2,457

 
$
2,504

 
$
552

 
$
557

 
$
4

 
$
20

Estimated Future Benefit Payments
 
 
 
 
 
 
 
 
 
 
 
FYE 01-31-2015
$
4,862

 
 
 
$
584

 
 
 
$
66

 
 
FYE 01-31-2016
1,963

 
 
 
345

 
 
 
60

 
 
FYE 01-31-2017
2,456

 
 
 
329

 
 
 
55

 
 
FYE 01-31-2018
1,475

 
 
 
313

 
 
 
49

 
 
FYE 01-31-2019
1,879

 
 
 
336

 
 
 
44

 
 
FYE 01-31-2020 to 2024
8,635

 
 
 
1,796

 
 
 
148

 
 
Total
$
21,270

 
 
 
$
3,703

 
 
 
$
422

 
 
Weighted Average Assumptions to Determine Benefit Obligations at
Year-End
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.25
%
 
4.00
%
 
4.75
%
 
4.25
%
 
4.25
%
 
4.00
%
Rate of compensation increase
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

Weighted Average Assumptions to Determine Net Periodic Pension Cost
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.00
%
 
4.50
%
 
4.25
%
 
4.50
%
 
4.00
%
 
4.50
%
Expected return on plan assets
6.50
%
 
6.50
%
 
N/A

 
N/A

 
N/A

 
N/A

Rate of compensation increase
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A
Fair value measurements of plan assets
 
1/31/2014
 
1/31/2013
Level 1 Measurement
 
 
 
Cash & Cash Equivalents
$
372

 
$
268

Common Stock
5,085

 
4,376

Total Level 1
$
5,457

 
$
4,644

Level 2 Measurement
 
 
 
Bond Index Fund
$
354

 
$
162

Core Bond CIT Fund
1,172

 
973

US Aggregate Bond Index Fund
355

 
229

Large Cap Growth Index Fund
3,758

 
3,809

Large Cap Value Index Fund
2,765

 
3,039

Russell 2000 Index Fund
1,602

 
1,461

International Equity Index Fund
1,359

 
1,179

Managed Investment Fund
938

 
773

Vanguard MSCI Emerging Markets Fund
408

 
606

Total Level 2
$
12,711

 
$
12,231

Level 3 Measurement
 
 
 
None
N/A

 
N/A
Life insurance liability
The following sets forth the Company's change in death benefits payable during the years ended January 31, 2014 and 2013:
 
1/31/2014
 
1/31/2013
Liability beginning of year
$
2,316,000

 
$
2,074,000

Accretion expense
85,000

 
292,000

Present value of death benefits paid
—

 
(50,000
)
Liability end of year
$
2,401,000

 
$
2,316,000