Equity and Stock-Based Compensation

3 Months Ended

Apr. 30, 2017

Equity [Abstract]

Equity and Stock-Based Compensation

11. Equity and Stock-Based Compensation

During the three months ended April 30, 2017, the Company’s Board of Directors declared quarterly dividends of $0.5625 per share for our Preferred Stock. See note 9 to our condensed consolidated financial statements.

Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three months ended April 30, 2017 and 2016 was approximately $224,000 and $247,000, respectively.