STOCKHOLDERS' EQUITY

3 Months Ended

Apr. 30, 2013

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

9.  STOCKHOLDERS' EQUITY

Dividends

The following table sets forth the dividends declared and/or paid by the Company during fiscal 2014:

Declaration Date	Record Date	Payable	Dividend Class A			Dividend Class B		Amount Paid in Cash	Class A Shares Issued		Fair Value ofShares Issued
4/24/2013	5/8/2013	5/15/2013	$	0.072	$	0.06	$	1,083,000	-		-
12/11/2012	12/26/2012	2/08/2013	$	0.072	$	0.06	$	947,000		10,000	145,000

Shares issued in payment of these dividends were issued out of treasury stock.

Stock Repurchase Activity

In September 2011, the Company's Board of Directors approved a stock repurchase plan in which up to one million shares could be repurchased.  During the first quarter of fiscal 2014 the Company repurchased 45,000 shares and 8,000 shares of Class A and Class B common stock, respectively.  The average share price was $13.34 and $12.02 for Class A and Class B stock, respectively, for total cash consideration of $0.7 million including fees.  Since the inception of the plan, the Company has repurchased 897,000 and 103,000 shares of the Company's Class A and Class B common stock, respectively, for total cash consideration of $12.5 million including fees. As of March 2013, all shares authorized under the plan have been repurchased and the plan was closed.