XML 48 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2014
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, 2014, 2013 and 2012 was as follows:

 

     Fiscal Year Ended January 31,  
   2014      2013     2012  

Stock Options

    $ 2,621       $ 2,214      $ 2,886   

Stock Appreciation Rights

      2,918         2,578        1,111   

Performance Stock Units (1)(2)

      9,956         6,124        (959 ) 

Restricted Stock Units

      247         (24 )      30   
  

 

 

     

 

 

    

 

 

  

Total

    $ 15,742       $ 10,892      $ 3,068   
  

 

 

     

 

 

    

 

 

  

 

(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,  
       2014         2013         2012    

Expected life, in years

      3.5        3.6        3.5   

Risk-free interest rate

      0.6 %      0.5 %      0.9 % 

Volatility

      36.0 %      45.0 %      50.0 % 

Dividend rate

      —         —         —    
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2014:

 

     Shares     Weighted-
Average
Exercise
Price		      Weighted-
Average
Contractual
Terms
(years)		      Aggregate
Intrinsic
Value		  

Awards outstanding at beginning of year

      4,316,740      $ 27.82         

Granted

      100,000        46.02         

Exercised

      (1,583,296 )      22.24         

Forfeited or Expired

      (20,250 )      36.14         
  

 

 

          

Awards outstanding at end of year

      2,813,194        31.55         2.3       $ 14,502   

Awards outstanding expected to vest

      2,803,242        31.55         2.3       $ 13,777   
  

 

 

          

Awards exercisable at end of year

      2,614,160      $ 31.00         2.3       $ 13,923   
  

 

 

          
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, 2014, 2013 and 2012:

 

     Fiscal Year Ended January 31,  
       2014              2013              2012      

Weighted-average grant date fair value—per share

    $ 9.67       $ 7.71       $ 10.36   

Intrinsic value of awards exercised

    $ 30,450       $ 19,544       $ 22,615   

Net cash proceeds from the exercise of stock options

    $ 35,218       $ 30,671       $ 4,136   
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,  
       2014         2013         2012    

Expected life, in years

      5.6        5.0        4.8   

Risk-free interest rate

      1.0 %      0.9 %      0.8 % 

Volatility

      46.0 %      48.2 %      48.8 % 

Dividend rate

      —         —         —    
Summary of Stock Appreciation Right Activity

The following table summarizes the Company’s SAR activity for the fiscal year ended January 31, 2014:

 

     Awards     Weighted-
Average
Exercise
Price		      Weighted-
Average
Remaining
Contractual
Term
(years)		      Aggregate
Intrinsic
Value		  

Awards outstanding at beginning of year

      1,198,800      $ 31.15         

Granted

      27,500        39.06         

Exercised

      (63,400 )      28.11         

Forfeited or Expired

      (60,425 )      34.64         
  

 

 

          

Awards outstanding at end of year

      1,102,475        31.33         5.7       $ 5,330   

Awards outstanding expected to vest

      1,064,159        31.33         5.7       $ 5,063   
  

 

 

          

Awards exercisable at end of year

      336,150      $ 30.72         5.7       $ 1,722   
  

 

 

          
Summary of Other Information Related to SAR's

The following table summarizes other information related to SAR’s during the years ended January 31, 2014, 2013 and 2012:

 

     Fiscal Year Ended January 31,  
         2014              2013              2012      

Weighted-average grant date fair value—per share

    $ 14.11       $ 11.85       $ 9.50   

Intrinsic value of awards exercised

    $ 848       $ —         $ —     
Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2014:

 

     Shares     Weighted-
Average
Fair Value		  

Non-vested awards outstanding at beginning of year

      2,599,610      $ 17.42   

Granted

      1,462,000        25.13   

Vested

      —          —     

Forfeited

      (352,385 )      17.24   
  

 

 

    

Non-vested awards outstanding at end of year

      3,709,225      $ 20.48   
  

 

 

    
Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2014:

 

     Shares      Weighted-
Average
Fair Value		  

Non-vested awards outstanding at beginning of year

      —         $ —     

Granted

      10,000         39.06   

Vested

      —           —     

Forfeited

      —           —     
  

 

 

     

Non-vested awards outstanding at end of year

      10,000       $ 39.06