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Shareholders' Equity
 3 Months Ended
Apr. 30, 2017
Shareholders' Equity

8. Shareholders’ Equity

Share repurchase activity under the Company’s share repurchase programs was as follows:

 

     Three Months Ended
April 30,		  
   2017      2016  

Number of common shares repurchased and subsequently retired

      —          324,700  

Total cost

    $ —        $ 10,704  

Average cost per share, including commissions

    $ —        $ 32.97  

On February 23, 2015, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program, of which 5,995,059 common shares were remaining as of April 30, 2017.

Subsequent to April 30, 2017, the Company repurchased and subsequently retired a total of 500,000 common shares for approximately $9,455, at an average price of $18.91 per share, including commissions, which the Company funded with available cash, cash equivalents and marketable securities.

During the three months ended April 30, 2017, the Company acquired and subsequently retired 43,423 common shares at a total cost of $1,142 from employees to meet minimum statutory tax withholding requirements. During the three months ended April 30, 2016, the Company did not acquire any common shares from employees to meet minimum statutory tax withholding requirements.