Shareholders' Equity

12 Months Ended

Jan. 31, 2018

11. Shareholders’ Equity

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

	Fiscal Year Ended January 31,
	2018		2017
Number of common shares repurchased and subsequently retired		8,092,906		1,324,700
Total cost	$	157,044	$	45,787
Average cost per share, including commissions	$	19.41	$	34.56

On February 23, 2015, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program; all shares were repurchased by the end of August 2017. On August 22, 2017, the Company’s Board of Directors authorized the repurchase of an additional 20,000,000 common shares under a share repurchase program, of which 17,902,153 common shares were remaining as of January 31, 2018.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2018 and 2017, the Company acquired and subsequently retired 92,455 and 55,769 common shares at a total cost of $2,182 and $2,052, respectively, from employees to meet minimum statutory tax withholding requirements.