Dividends and Treasury Stock

9 Months Ended

Oct. 31, 2020

Stockholders' Equity Note [Abstract]

DIVIDENDS AND TREASURY STOCK

On August 26, 2020, the Company announced that the board of directors indefinitely suspended the Company’s regular quarterly cash dividend on its common stock.

Dividends paid to Raven shareholders were as follows:


	Three Months Ended				Nine Months Ended
	October 31, 2020		October 31, 2019		October 31, 2020		October 31, 2019
Dividends paid(a)	$	—	$	4,648	$	9,318	$	14,001

Dividends paid per share (in cents per share)(a)	—		13.0		26.0		39.0

(a)There were no declared and unpaid shareholder dividends at October 31, 2020 or 2019.

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 the authorized spending limit is reached or such authorization is revoked by the Board.

The Company had no share repurchases in the three- and nine-month periods ended October 31, 2020. Pursuant to the aforementioned authorizations, the Company repurchased 169,474 and 332,651 shares in the three- and nine-month periods ended October 31, 2019. These purchases totaled $5,000 and $10,781, respectively. There were no share repurchases unpaid at October 31, 2020 or 2019. The remaining dollar value authorized for share repurchases at October 31, 2020 is $17,179.