Dividends and Treasury Stock

9 Months Ended

Oct. 31, 2018

Stockholders' Equity Note [Abstract]

Dividends and Treasury Stock

DIVIDENDS AND TREASURY STOCK

Dividends paid to Raven shareholders were as follows:

	Three Months Ended				Nine Months Ended
	October 31, 2018		October 31, 2017		October 31, 2018		October 31, 2017
Dividends paid(a)	$	4,674	$	4,648	$	14,000	$	14,032
Dividends paid per share (in cents per share)(a)	13.0		13.0		39.0		39.0

^(a)There were no declared and unpaid shareholder dividends at October 31, 2018 or 2017.

On November 3, 2014, the Company announced that its Board of Directors (Board) had authorized a $40,000 stock buyback program. Since that time, the Board has provided additional authorizations to increase the total amount authorized under the program to $75,000. This authorization remains in place until such time as the authorized spending limit is reached or such authorization is revoked by the Board.

Pursuant to these authorizations, the Company repurchased 348,286 shares, or $10,000, in the three- and nine-month periods ended October 31, 2017. No shares were repurchased in the three- and nine-month periods ended October 31, 2018. There were no share repurchases unpaid at October 31, 2018 or October 31, 2017. The remaining dollar value authorized for share repurchases at October 31, 2018 is $27,959.