Note 10 - Employee Benefit Plans

12 Months Ended

Jan. 31, 2018

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

10.

EMPLOYEE BENEFIT PLANS

The Company has a defined contribution

401

(k) plan which is available to U.S. employees after

30

days of employment. Employees

may

contribute up to the maximum allowable by the Internal Revenue Code. The Company voluntarily matches

75%

of the employees

’ contributions up to the

first

four

percent of the employee’s eligible compensation. In addition, the Company can make additional contributions at the discretion of the board of directors. Participants are immediately vested in their employee contributions. Employer contributions vest over a

five

-year period. The Company’s contributions for fiscal years

2018,

2017

and

2016

were

$2.2

million,

$2.1

million and

$1.8

million, respectively.

Various QAD foreign subsidiaries also contribute to defined contribution pension plans. Employer contributions in these plans are generally based on employee salary and range from

3%

to

20%.

These plans are funded at various times throughout the year according to plan provisions, with aggregate employer contributions of

$5.3

million for fiscal

2018

and

$4.8

million for each of the fiscal years

2017

and

2016.