STOCKHOLDERS' EQUITY

9 Months Ended

Oct. 31, 2013

STOCKHOLDERS' EQUITY [Abstract]

STOCKHOLDERS' EQUITY

10.  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 of Shares Issued
9/10/2013	9/24/2013	10/01/2013	$	0.072	$	0.06	$	1,090,000		—		—
6/11/2013	6/25/2013	7/2/2013	$	0.072	$	0.06	$	1,089,000		—		—
4/24/2013	5/8/2013	5/15/2013	$	0.072	$	0.06	$	1,083,000		—		—
12/11/2012	12/26/2012	2/8/2013	$	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. 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.