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Shareholders' Equity
 9 Months Ended
Oct. 31, 2013
Shareholders' Equity

7. Shareholders’ Equity

On August 27, 2013, the Company’s Board of Directors authorized the repurchase of 10,000,000 common shares under a share repurchase program. The Company repurchased and subsequently retired 300,300 common shares at a total cost of $10,694 during the three and nine months ended October 31, 2013. The average cost per share of the repurchases for the three and nine months ended October 31, 2013 was $35.61, including commissions.

In addition to the shares repurchased under the share repurchase program, the Company acquired and subsequently retired 9,178 common shares at a total cost of $385 from employees to meet minimum statutory tax withholding requirements during the nine months ended October 31, 2013.