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Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2013

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income

Share-based compensation expense, included in selling, general and administrative expenses in the Consolidated Statements of Income, for the fiscal years ended January 31, 2013, 2012 and 2011 was as follows:

		Fiscal Year Ended January 31,
		2013				2012				2011
Stock Options		$	2,214			$	2,886			$	4,331
Stock Appreciation Rights			2,578				1,111				463
Performance Stock Units (1)(2)			6,124				(959	)			5,929
Restricted Shares			(24	)			30				2
Total		$	10,892			$	3,068			$	10,725

(1) Includes the reversal of $3,418 of previously recognized compensation expense in fiscal 2013, related to 320,200 PSU’s that will not vest as the achievement of the related performance target is not probable

(2) Includes the reversal of $8,800 of previously recognized compensation expense in fiscal 2012, related to 1,054,466 PSU’s, granted to a former executive officer of the Company, that will not vest due to the service requirement not being met.

Assumptions Used to Estimate Fair Value of Stock Options

The following weighted average assumptions were used in the Model to estimate the fair value of stock options at the date of grant:

		Fiscal Year Ended January 31,
		2013				2012				2011
Expected life, in years			3.6				3.5				4.3
Risk-free interest rate			0.5	%			0.9	%			1.8	%
Volatility			45.0	%			50.0	%			49.9	%
Dividend rate			—				—				—

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2013:

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Awards outstanding at beginning of year			6,030,650			$	26.86
Granted			100,000				29.92
Exercised			(1,382,760	)			22.18
Forfeited or Expired			(431,150	)			33.09
Awards outstanding at end of year			4,316,740				27.82				2.7			$	64,658
Awards outstanding expected to vest			4,302,980				27.82				2.7			$	62,663
Awards exercisable at end of year			3,870,715			$	27.27				2.6			$	60,098

Summary of Information Concerning Outstanding and Exercisable Stock Options

The following table summarizes other information related to stock options during the years ended January 31, 2013, 2012 and 2011:

		Fiscal Year Ended January 31,
		2013				2012				2011
Weighted-average grant date fair value—per share		$	7.71			$	10.36			$	12.07
Intrinsic value of awards exercised		$	19,544			$	22,615			$	55,100
Net cash proceeds from the exercise of stock options		$	30,671			$	4,136			$	24,129

Weighted Average Assumptions Used to Estimate Fair Value of Stock Appreciation Right's at Date of Grant

The following weighted average assumptions were used in the Model to estimate the fair value of SAR’s at the date of grant:

		Fiscal Year Ended January 31,
		Fiscal 2013				Fiscal 2012				Fiscal 2011
Expected life, in years			5.0				4.8				5.3
Risk-free interest rate			0.9	%			0.8	%			1.6	%
Volatility			48.2	%			48.8	%			47.9	%
Dividend rate			—				—				—

Summary of Stock Appreciation Right Activity

The following table summarizes the Company’s SAR activity for the fiscal year ended January 31, 2013:

		Awards				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Awards outstanding at beginning of year			650,800			$	30.91
Granted			595,000				31.47
Exercised			—				—
Forfeited or Expired			(47,000	)			32.25
Awards outstanding at end of year			1,198,800				31.15				6.7			$	13,966
Awards outstanding expected to vest			1,141,360				31.15				6.7			$	13,268
Awards exercisable at end of year			50,000			$	26.85				6.8			$	798

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2013:

		Shares				Weighted Average Fair Value
Non-vested awards outstanding at beginning of year			2,523,950			$	17.23
Granted			406,190				18.22
Vested			—				—
Forfeited			(330,530	)			16.94
Non-vested awards outstanding at end of year			2,599,610			$	17.42

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2013:

		Shares				Weighted Average Fair Value
Non-vested awards outstanding at beginning of year			10,666			$	21.11
Granted			—				—
Vested			—				—
Exercised			—				—
Forfeited / Cancelled			(10,666	)			21.11
Non-vested awards outstanding at end of year			—				—

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