Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Expense

Share-based compensation expense has been recognized as follows:

	Years Ended January 31
	2017		2016		2015
(In thousands)
Stock Options	$	321	$	286	$	234
Restricted Stock Awards and Restricted Stock Units		685		912		270
Employee Stock Purchase Plan		13		11		7
Total	$	1,019	$	1,209	$	511

Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans is summarized below:

	Number of Shares			Weighted- Average Exercise Price Per Share
Options Outstanding, January 31, 2014		736,647		$	8.63
Options Granted		158,600		$	13.99
Options Exercised		(224,275	)	$	8.29
Options Forfeited		(8,975	)	$	11.84
Options Cancelled		(5,986	)	$	8.70
Options Outstanding, January 31, 2015		656,011		$	10.01
Options Granted		115,000		$	13.95
Options Exercised		(93,344	)	$	7.95
Options Forfeited		(5,550	)	$	12.75
Options Cancelled		(14,181	)	$	8.82
Options Outstanding, January 31, 2016		657,936		$	11.00
Options Granted		122,000		$	14.82
Options Exercised		(87,107	)	$	8.73
Options Forfeited		(4,250	)	$	13.91
Options Cancelled		(3,123	)	$	8.95
Options Outstanding, January 31, 2017		685,456		$	11.96

Summary of Options Outstanding

Set forth below is a summary of options outstanding at January 31, 2017:

Outstanding							Exercisable
Range of Exercise prices	Number of Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life		Number of Shares		Weighted- Average Exercise Price		Weighted Average Remaining Contractual Life
$5.00-10.00		190,706	$	7.85		3.9		190,706	$	7.85		3.9
$10.01-15.00		439,750	$	13.36		6.6		241,950	$	12.79		5.3
$15.01-20.00		55,000	$	15.07		9.2		—	$	—		—
		685,456	$	11.96		6.1		432,656	$	10.61		4.7

Fair Value of Stock Options Granted

The fair value of each stock option granted was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted-average assumptions:

	Years Ended January 31
	2017	2016	2015
Risk-Free Interest Rate	1.4%	1.6%	1.6%
Expected Life (years)	5	5	5
Expected Volatility	28.3%	22.7%	26.5%
Expected Dividend Yield	1.9%	2.0%	2.0%

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs and RSAs granted under the Plan is summarized below:

	RSAs & RSUs			Weighted-Average Grant Date Fair Value
Outstanding at January 31, 2014		106,496		$	9.12
Granted		7,245			13.80
Vested		(35,662	)		8.75
Forfeited		(5,834	)		10.07
Outstanding at January 31, 2015		72,245		$	9.70
Granted		246,335			14.05
Vested		(22,692	)		14.02
Forfeited		(2,800	)		10.07
Outstanding at January 31, 2016		293,088		$	13.02
Granted		24,839			14.89
Vested		(75,133	)		12.05
Forfeited		(28,926	)		11.49
Outstanding at January 31, 2017		213,868		$	13.78

Summarized Plan Activity

Summarized plan activity is as follows:

	Years Ended January 31
	2017			2016			2015
Shares Reserved, Beginning		51,600			57,005			60,242
Shares Purchased		(6,376	)		(5,405	)		(3,237	)
Shares Reserved, Ending		45,224			51,600			57,005