Share-Based Compensation

9 Months Ended

Oct. 31, 2012

6. Share-Based Compensation

The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, nonqualified stock options, restricted stock units, performance share units (“PSU’s”) or stock appreciation rights (“SAR’s”). A Lattice Binomial pricing model was used to estimate the fair value of stock options and SAR’s. The fair value of the PSU’s are determined using a Monte Carlo simulation.

Share-based compensation expense (income) included in the Condensed Consolidated Statements of Income for the three and nine months ended October 31, 2012 and 2011 was as follows:


	Three Months Ended October 31,				Nine Months Ended October 31,
	2012		2011		2012			2011
Stock Options	$	426	$	524	$	1,418		$	1,845
Stock Appreciation Rights		664		243		1,833			756
Performance Share Units		2,928		2,682		7,421			5,726
Restricted Shares		3		11		(9	)		17

Total	$	4,021	$	3,460	$	10,663		$	8,344

The share-based awards issued and the weighted average fair value for the nine months ended October 31, 2012 was as follows:


	Nine Months Ended October 31, 2012
	Awards Issued		Weighted Average Fair Value
Stock Options		100,000	$	7.71
Stock Appreciation Rights		500,000	$	11.54
Performance Share Units		391,190	$	18.00

Total		991,190

The total unrecognized compensation cost related to outstanding share-based awards and the weighted average period in which the cost is expected to be recognized as of October 31, 2012 is as follows:


	October 31, 2012
	Unrecognized Compensation Cost		Weighted Average Years
Stock Options	$	3,191		1.3
Stock Appreciation Rights		8,793		3.2
Performance Share Units		30,439		3.1
Restricted Shares		13		1.0

Total	$	42,436		3.0

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

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-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-6

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Accounting Standards Codification

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+ Details