Note 9 - Stockholders' Equity

6 Months Ended

Jul. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

9.  STOCKHOLDERS’ EQUITY

Issuance of Common Stock

On January 22, 2015, the Company closed an offering of 2,000,000 shares of Class A common stock. The net proceeds to the Company from the sale of the stock were $37.0 million after deducting underwriting discounts and commissions and offering expenses. On February 18, 2015 the offering underwriters exercised in full an option to purchase additional shares. As a result, 450,000 shares of Class A common stock were issued generating approximately $8.4 million in additional net proceeds.

Dividends

The following table sets forth the dividends that were declared by the Company during the first six months of fiscal 2017:

Declaration Date	Record Date	Payable	Dividend Class A		Dividend Class B		Amount
6/14/2016	6/28/2016	7/7/2016	$	0.072	$	0.06	$	1,326,000
4/12/2016	4/26/2016	5/3/2016	$	0.072	$	0.06	$	1,316,000