Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans (Tables)

v3.7.0.1
Employee Benefit Plans (Tables)
 12 Months Ended
Jan. 31, 2017
Postemployment Benefits [Abstract]  
Components of the Change in Pension Benefit Obligation
The components of the change in this pension benefit obligation as of January 31, 2017 and 2016 is as follows:

 

     January 31,  
         2017              2016      
     (Amounts in thousands)  

Projected benefit obligation, beginning of fiscal year

    $ 1,063      $ 1,247  

Service cost

      238        288  

Interest cost

      54        51  

Actuarial gain

      (801 )       (435 ) 

Foreign currency exchange rate changes

      (24 )       (88 ) 
  

 

 

     

 

 

  

Projected benefit obligation, end of fiscal year

    $ 530      $ 1,063  
  

 

 

     

 

 

  

Funded status at end of fiscal year(1)

    $ 530      $ 1,063  
  

 

 

     

 

 

  

 

(1) These unfunded amounts are included in other liabilities, long-term on our consolidated balance sheets for the periods presented.
Components of Net Periodic Benefit Cost of the Pension Plan

The following sets forth the components of our net periodic benefit cost under the pension plan:

 

     January 31,  
     2017      2016      2015  
     (Amounts in thousands)  

Service cost

    $ 238      $ 288      $ 176  

Interest cost

      54        51        39  

Actuarial (gain) loss

      (801 )       (435 )       379  
  

 

 

     

 

 

     

 

 

  

Net periodic benefit cost

    $ (509 )     $ (96 )     $ 594  
  

 

 

     

 

 

     

 

 

  
Details of Weighted Average Assumptions Used in the Accounting for the Pension Plan

Key weighted average assumptions used in the accounting for the pension plan to determine the benefit obligation and net benefit cost were as follows:

 

     January 31,  
     2017     2016  

Discount rate

      5.72 %      5.08 % 

Compensation increase rate

      5.00 %      7.00 %