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Retirement Plans | 3 Months Ended
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Apr. 30, 2017
Retirement Benefits [Abstract] |
Retirement Plans | Retirement Plans The Company and its subsidiaries cover certain employees under a noncontributory defined benefit retirement plan, entitled the Virco Employees’ Retirement Plan (the “Pension Plan”). Benefits under the Employees Retirement Plan are based on years of service and career average earnings. As more fully described in the Form 10-K, benefit accruals under the Employees Retirement Plan were frozen effective December 31, 2003. The Company also provides a supplementary retirement plan for certain key employees, the VIP Retirement Plan (the “VIP Plan”). The VIP Plan provides a benefit of up to 50% of average compensation for the last 5 years in the VIP Plan, offset by benefits earned under the Pension Plan. As more fully described in the Form 10-K, benefit accruals under this plan were frozen effective December 31, 2003. The Company also provides a non-qualified plan for certain former non-employee directors of the Company (the “Non-Employee Directors Retirement Plan”). The Non-Employee Directors Retirement Plan provides a lifetime annual retirement benefit equal to the director’s annual retainer fee for the fiscal year in which the director terminated his or her position with the Board, subject to the director having provided 10 years of service to the Company. As more fully described in the Form 10-K, benefit accruals under this plan were frozen effective December 31, 2003. The net periodic pension cost (income) for the Pension Plan, the VIP Plan, and the Non-Employee Directors Retirement Plan for the three months ended April 30, 2017 and 2016 were as follows (in thousands):
| Three Months Ended
| Pension Plan |  | VIP Plan |  | Non-Employee Directors Retirement Plan
4/30/2017 |  | 4/30/2016 |  | 4/30/2017 |  | 4/30/2016 |  | 4/30/2017 |  | 4/30/2016
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost | 304 |  |  | 296 |  |  | 89 |  |  | 90 |  |  | 9 |  |  | 3 |
Expected return on plan assets | (342 | ) |  | (284 | ) |  | — |  |  | — |  |  | — |  |  | — |
Amortization of transition amount | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Recognized (gain) loss due to Curtailments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Recognized net actuarial (gain) loss | 179 |  |  | 291 |  |  | 60 |  |  | 77 |  |  | — |  |  | (29 | )
Benefit cost | $ | 141 |  |  | $ | 303 |  |  | $ | 149 |  |  | $ | 167 |  |  | $ | 9 |  |  | $ | (26 | )

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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