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Note 10 - Stock-based Compensation - Weighted Average Assumption to Value SARs (Details) - Stock Appreciation Rights (SARs) [Member]
9 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Expected life in years (1) (Year) [1] 5 years 182 days 5 years 91 days
Risk free interest rate (2) [2] 1.82% 1.16%
Volatility (3) [3] 33.00% 36.00%
Dividend rate (4) [4] 0.91% 1.51%
[1] The expected life of SARs granted under the stock-based compensation plans is based on historical vested SAR exercise and post-vest forfeiture patterns and includes an estimate of the expected term for SARs that were fully vested and outstanding.
[2] The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of SARs in effect at the time of grant.
[3] The Company estimates the volatility of its common stock at the date of grant based on the historical volatility of the Company's common stock for a period equivalent to the expected life of the SARs, which it believes is representative of the expected volatility over the expected life of the SARs.
[4] The Company expects to continue paying quarterly dividends at the same rate as the nine months ending on October 31, 2017.