Dividends and Treasury Stock

6 Months Ended

Jul. 31, 2017

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

Dividends paid to Raven shareholders for the three- and six-month periods ended July 31, 2017 were $4,693 and $9,384, or 13.0 cents and 26.0 cents per share, respectively. Dividends paid to Raven shareholders for the three- and six-month periods ended

July 31, 2016 were $4,687 and $9,388, or 13.0 cents and 26.0 cents per share, respectively. There were no declared and unpaid shareholder dividends at July 31, 2017 or 2016.

Effective March 21, 2016 the Board of Directors (Board) authorized an extension and increase of the authorized $40,000 stock buyback program in place at that time. An additional $10,000 was authorized for share repurchases once the $40,000 authorization limit is reached.

The Company did not repurchase any shares in the three- and six-month periods ended July 31, 2017. The Company repurchased 102,187 and 484,252 shares in the three- and six-month periods ended July 31, 2016, respectively. These purchases totaled $2,000 and $7,702, respectively. All such share repurchases were paid at July 31, 2016. The remaining dollar value authorized for share repurchases at July 31, 2017 is $12,959. This authorization remains in place until such time as the authorized spending limit is reached or such authorization is revoked by the Board.