Employee Postretirement Benefits

3 Months Ended

Apr. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Postretirement Benefits (Text Block)

EMPLOYEE POSTRETIREMENT BENEFITS

The Company provides postretirement medical and other benefits to senior executive officers and senior managers. These plan obligations are unfunded. The components of net periodic benefit cost for postretirement benefits are as follows:

	Three Months Ended
	April 30, 2015		April 30, 2014
Service cost	$	108	$	49
Interest cost	105		91
Amortization of actuarial losses	84		38
Net periodic benefit cost	$	297	$	178

Postretirement benefit cost components are reclassified in their entirety from accumulated other comprehensive loss to net periodic benefit cost.  Net periodic benefit costs are reported in net income as “Cost of sales” or “Selling, general, and administrative expenses” in a manner consistent with the classification of direct labor and personnel costs of the eligible employees.