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Stock-Based Compensation Plans (Tables)
12 Months Ended
Jan. 31, 2025
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

2025

2024

2023

Cost of revenues

 

1,407

 

1,128

 

940

Sales and marketing

 

6,440

 

5,197

 

2,468

Research and development

 

2,744

 

2,138

 

1,788

General and administrative

 

9,371

 

8,017

 

8,471

Effect on net income

 

19,962

 

16,480

 

13,667

Schedule of weighted-average assumptions

    

January 31,

    

January 31,

    

January 31,

Year Ended

2025

2024

2023

Expected dividend yield (%)

 

 

Expected volatility (%)

 

30.0

 

30.8

29.2

Risk-free rate (%)

 

3.6

 

3.2

2.4

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, 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

Granted

 

280,658

$

88.82

 

 

Exercised

 

(332,109)

$

37.25

 

 

Forfeited

 

(15,199)

$

77.06

 

 

Balance at January 31, 2025

 

1,501,901

$

61.06

 

3.8

$

91.6

Vested or expected to vest at January 31, 2025

 

1,501,901

$

61.06

 

3.8

$

91.6

Exercisable at January 31, 2025

 

1,091,499

$

54.70

 

3.3

$

73.5

Schedule of unvested stock options activity

    

    

Weighted-

Average 

Number of 

Grant-Date 

Stock Options 

Fair Value per 

Outstanding

Share

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

Granted

280,658

$

29.53

Vested

(301,921)

$

21.88

Forfeited

(14,888)

$

25.16

Balance at January 31, 2025

 

410,402

$

25.21

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, 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

Granted

92,873

$

109.77

Performance units issued

40,477

$

80.11

Exercised

(109,820)

$

19.88

Forfeited

(3,428)

$

80.66

Balance at January 31, 2025

1,008,645

$

62.92

4.6

$

123.1

Vested or expected to vest at January 31, 2025

 

1,008,645

$

62.92

 

4.6

$

123.1

Exercisable at January 31, 2025

 

726,075

$

47.45

 

3.2

$

88.6

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, 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

Granted

62,597

$

88.66

Exercised

(54,173)

$

13.36

Forfeited

(829)

$

70.74

Balance at January 31, 2025

489,689

$

48.48

5.0

$

59.8

Vested or expected to vest at January 31, 2025

 

489,689

$

48.48

 

5.0

$

59.8

Exercisable at January 31, 2025

 

427,613

$

43.14

 

4.4

$

52.2

Schedule of cash settled restricted share unit plan activity

    

    

Weighted-

Average

Number of

Remaining

CRSUs

Contractual

Outstanding

Life (years)

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

Granted

8,579

Vested and settled in cash

(7,333)

Forfeited

(599)

Balance at January 31, 2025

12,017

1.7

Non-vested at January 31, 2025

 

12,017

 

1.7