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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Compensation Expense | Share-based compensation expense has been recognized as follows:
|  | Years Ended January 31 |
|  | 2017 |  |  | 2016 |  |  | 2015 |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
Stock Options |  | $ | 321 |  |  | $ | 286 |  |  | $ | 234 |
Restricted Stock Awards and Restricted Stock Units |  |  | 685 |  |  |  | 912 |  |  |  | 270 |
Employee Stock Purchase Plan |  |  | 13 |  |  |  | 11 |  |  |  | 7 |
Total |  | $ | 1,019 |  |  | $ | 1,209 |  |  | $ | 511 |
Aggregated Information Regarding Stock Options Granted | Aggregated information regarding stock options granted under the plans is summarized below:
|  | Number of Shares |  |  | Weighted- Average Exercise Price Per Share |
Options Outstanding, January 31, 2014 |  |  | 736,647 |  |  | $ | 8.63 |
Options Granted |  |  | 158,600 |  |  | $ | 13.99 |
Options Exercised |  |  | (224,275 | ) |  | $ | 8.29 |
Options Forfeited |  |  | (8,975 | ) |  | $ | 11.84 |
Options Cancelled |  |  | (5,986 | ) |  | $ | 8.70 |
Options Outstanding, January 31, 2015 |  |  | 656,011 |  |  | $ | 10.01 |
Options Granted |  |  | 115,000 |  |  | $ | 13.95 |
Options Exercised |  |  | (93,344 | ) |  | $ | 7.95 |
Options Forfeited |  |  | (5,550 | ) |  | $ | 12.75 |
Options Cancelled |  |  | (14,181 | ) |  | $ | 8.82 |
Options Outstanding, January 31, 2016 |  |  | 657,936 |  |  | $ | 11.00 |
Options Granted |  |  | 122,000 |  |  | $ | 14.82 |
Options Exercised |  |  | (87,107 | ) |  | $ | 8.73 |
Options Forfeited |  |  | (4,250 | ) |  | $ | 13.91 |
Options Cancelled |  |  | (3,123 | ) |  | $ | 8.95 |
Options Outstanding, January 31, 2017 |  |  | 685,456 |  |  | $ | 11.96 |
Summary of Options Outstanding | Set forth below is a summary of options outstanding at January 31, 2017:
Outstanding |  |  | Exercisable |
Range of Exercise prices |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life |  |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |
$5.00-10.00 |  |  | 190,706 |  |  | $ | 7.85 |  |  |  | 3.9 |  |  |  | 190,706 |  |  | $ | 7.85 |  |  |  | 3.9 |
$10.01-15.00 |  |  | 439,750 |  |  | $ | 13.36 |  |  |  | 6.6 |  |  |  | 241,950 |  |  | $ | 12.79 |  |  |  | 5.3 |
$15.01-20.00 |  |  | 55,000 |  |  | $ | 15.07 |  |  |  | 9.2 |  |  |  | — |  |  | $ | — |  |  |  | — |
|  |  | 685,456 |  |  | $ | 11.96 |  |  |  | 6.1 |  |  |  | 432,656 |  |  | $ | 10.61 |  |  |  | 4.7 |
Fair Value of Stock Options Granted | The fair value of each stock option granted was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions:
|  | Years Ended January 31
|  | 2017 |  | 2016 |  | 2015
Risk-Free Interest Rate |  | 1.4% |  | 1.6% |  | 1.6%
Expected Life (years) |  | 5 |  | 5 |  | 5
Expected Volatility |  | 28.3% |  | 22.7% |  | 26.5%
Expected Dividend Yield |  | 1.9% |  | 2.0% |  | 2.0%
Aggregated Information Regarding RSUs and RSAs Granted | Aggregated information regarding RSUs and RSAs granted under the Plan is summarized below:
|  | RSAs & RSUs |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at January 31, 2014 |  |  | 106,496 |  |  | $ | 9.12 |
Granted |  |  | 7,245 |  |  |  | 13.80 |
Vested |  |  | (35,662 | ) |  |  | 8.75 |
Forfeited |  |  | (5,834 | ) |  |  | 10.07 |
Outstanding at January 31, 2015 |  |  | 72,245 |  |  | $ | 9.70 |
Granted |  |  | 246,335 |  |  |  | 14.05 |
Vested |  |  | (22,692 | ) |  |  | 14.02 |
Forfeited |  |  | (2,800 | ) |  |  | 10.07 |
Outstanding at January 31, 2016 |  |  | 293,088 |  |  | $ | 13.02 |
Granted |  |  | 24,839 |  |  |  | 14.89 |
Vested |  |  | (75,133 | ) |  |  | 12.05 |
Forfeited |  |  | (28,926 | ) |  |  | 11.49 |
Outstanding at January 31, 2017 |  |  | 213,868 |  |  | $ | 13.78 |
Summarized Plan Activity | Summarized plan activity is as follows:
|  | Years Ended January 31 |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Shares Reserved, Beginning |  |  | 51,600 |  |  |  | 57,005 |  |  |  | 60,242 |
Shares Purchased |  |  | (6,376 | ) |  |  | (5,405 | ) |  |  | (3,237 | )
Shares Reserved, Ending |  |  | 45,224 |  |  |  | 51,600 |  |  |  | 57,005 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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