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Share-Based Compensation

6 Months Ended

Jul. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

7. Share-Based Compensation

The Company maintains stock incentive plans pursuant to which it can grant restricted shares, unrestricted shares, incentive stock options, non-qualified stock options, restricted stock units (“RSU’s”), performance stock units (“PSU’s”) or stock appreciation rights (“SAR’s”). A lattice binomial pricing model was used to estimate the fair values of stock options and SAR’s. The fair value of each of the PSU’s was determined using a Monte Carlo simulation. Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Income, for the three and six months ended July 31, 2017 and 2016 was as follows:

		Three Months Ended								Six Months Ended
		July 31,								July 31,
		2017				2016				2017				2016
Stock Options		$	208			$	303			$	457			$	512
Stock Appreciation Rights			40				60				101				119
Performance Stock Units			4,791				5,363				8,809				9,955
Restricted Stock Units			2,754				1,266				4,589				2,166
Total		$	7,793			$	6,992			$	13,956			$	12,752

Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2017 was as follows:

		Six Months Ended
		July 31, 2017
						Weighted-
		Awards				Average Fair
		Granted				Value
Stock Options			140,000			$	5.30
Stock Appreciation Rights			—			$	—
Performance Stock Units			290,000			$	25.14
Restricted Stock Units			601,000			$	25.97
Total			1,031,000

During the six months ended July 31, 2017, 100,000 PSU’s vested. No stock options or SAR’s were exercised and no RSU’s vested during the six months ended July 31, 2017.

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 July 31, 2017 was as follows:

		July 31, 2017
		Unrecognized				Weighted-
		Compensation				Average
		Cost				Years
Stock Options		$	602				0.8
Stock Appreciation Rights			45				0.5
Performance Stock Units			23,047				2.1
Restricted Stock Units			19,909				2.3
Total		$	43,603

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- 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 FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-URI http://asc.fasb.org/subtopic&trid=2208855

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- References

No definition available.

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