XML 58 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1
Stock-Based Compensation Plans (Tables)
12 Months Ended
Jan. 31, 2024
Stock-Based Compensation Plans  
Schedule of estimated stock-based compensation expense recognized in condensed consolidated statement of operations

    

January 31,

    

January 31,

    

January 31,

Year Ended

2024

2023

2022

Cost of revenues

 

1,128

 

940

 

732

Sales and marketing

 

5,197

 

2,468

 

3,060

Research and development

 

2,138

 

1,788

 

1,419

General and administrative

 

8,017

 

8,471

 

5,806

Effect on net income

 

16,480

 

13,667

 

11,017

Schedule of weighted-average assumptions

    

January 31,

    

January 31,

    

January 31,

Year Ended

2024

2023

2022

Expected dividend yield (%)

 

 

Expected volatility (%)

 

30.8

 

29.2

27.8

Risk-free rate (%)

 

3.2

 

2.4

0.7

Expected option life (years)

 

5

 

5

5

Schedule of stock option activity

    

    

    

Weighted-

    

Number of

Weighted-

Average

Aggregate

Stock

Average

Remaining

Intrinsic

Options

Exercise

Contractual

Value

Outstanding

Price

Life (years)

(in millions)

Balance at January 31, 2022

1,319,279

$

42.35

4.4

$

41.5

Granted

356,014

$

61.09

Exercised

(63,890)

$

27.34

Forfeited

(17,970)

$

52.98

Balance at January 31, 2023

 

1,593,433

$

45.54

 

4.1

$

45.7

Granted

 

278,845

$

79.80

 

  

 

  

Exercised

 

(285,808)

$

33.06

 

  

 

  

Forfeited

 

(17,919)

$

62.30

 

  

 

  

Balance at January 31, 2024

 

1,568,551

$

52.31

 

3.9

$

54.8

Vested or expected to vest at January 31, 2024

 

1,568,551

$

52.31

 

3.9

$

54.8

Exercisable at January 31, 2024

 

1,121,998

$

46.46

 

3.3

$

45.7

Schedule of Non vested share activity

    

    

Weighted-

Average 

Number of 

Grant-Date 

Stock Options 

Fair Value per 

Outstanding

Share

Balance at January 31, 2022

 

462,853

$

13.16

Granted

 

356,014

$

18.47

Vested

 

(313,186)

$

13.72

Forfeited

 

(16,860)

$

3.71

Balance at January 31, 2023

 

488,821

$

16.11

Granted

 

278,845

$

26.19

Vested

 

(303,628)

$

17.74

Forfeited

 

(17,485)

$

18.29

Balance at January 31, 2024

 

446,553

$

20.67

Schedule of performance share units activity

    

    

Weighted-

    

Weighted-

    

Average

Average

Aggregate

Number of

Granted

Remaining

Intrinsic

PSUs

Date Fair

Contractual

Value

Outstanding

Value

Life (years)

(in millions)

Balance at January 31, 2022

 

777,538

$

35.76

 

4.8

$

57.4

Granted

 

97,991

$

64.98

 

  

 

  

Performance units issued

 

39,704

$

54.34

 

  

 

  

Exercised

Balance at January 31, 2023

 

915,233

$

38.41

 

4.5

$

67.9

Granted

95,134

$

105.96

Performance units issued

68,005

$

53.80

Exercised

(87,354)

$

14.29

Forfeited

(2,475)

$

81.82

Balance at January 31, 2024

988,543

$

53.81

4.5

$

86.3

Vested or expected to vest at January 31, 2024

 

988,543

$

53.81

 

4.5

$

86.3

Exercisable at January 31, 2024

 

720,452

$

36.60

 

3.2

$

62.8

Schedule of restricted share units activity

    

    

Weighted-

    

Weighted-

    

Aggregate

Average

Average

Intrinsic

Number of

Granted

Remaining

Value

RSUs

Date Fair

Contractual

(in

Outstanding

Value

Life (years)

 millions)

Balance at January 31, 2022

410,980

$

29.17

5.0

$

30.3

Granted

63,651

$

61.53

Exercised

Balance at January 31, 2023

 

474,631

$

32.44

 

4.7

$

35.2

Granted

 

61,774

$

79.89

 

  

 

  

Exercised

(53,898)

$

8.52

Forfeited

(413)

$

60.66

Balance at January 31, 2024

 

482,094

$

40.19

 

4.8

$

42.1

Vested or expected to vest at January 31, 2024

 

482,094

$

40.19

 

4.8

$

42.1

Exercisable at January 31, 2024

 

419,690

$

35.32

 

4.3

$

36.6

Schedule of cash settled restricted share unit plan activity

    

    

Weighted-

Average

Number of

Remaining

CRSUs

Contractual

Outstanding

Life (years)

Balance at January 31, 2022

 

24,428

 

1.4

Granted

 

7,948

 

  

Vested and settled in cash

 

(17,719)

 

  

Forfeited

 

(74)

 

  

Balance at January 31, 2023

 

14,583

 

1.4

Granted

7,879

Vested and settled in cash

(11,092)

Balance at January 31, 2024

11,370

1.8

Non-vested at January 31, 2024

 

11,370

 

1.8