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Share-Based Compensation | 6 Months Ended
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Jul. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Compensation | 8. 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, 2018 and 2017 was as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 31, |  |  | July 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Stock Options |  | $ | 429 |  |  | $ | 208 |  |  | $ | 646 |  |  | $ | 457 |
Stock Appreciation Rights |  |  | — |  |  |  | 40 |  |  |  | 4 |  |  |  | 101 |
Performance Stock Units |  |  | 1,549 |  |  |  | 4,791 |  |  |  | 3,570 |  |  |  | 8,809 |
Restricted Stock Units |  |  | 3,488 |  |  |  | 2,754 |  |  |  | 6,770 |  |  |  | 4,589 |
Total |  | $ | 5,466 |  |  | $ | 7,793 |  |  | $ | 10,990 |  |  | $ | 13,956 |
Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2018 was as follows:
|  | Six Months Ended |
|  | July 31, 2018 |
|  |  |  |  |  | Weighted- |
|  | Awards |  |  | Average Fair |
|  | Granted |  |  | Value |
Stock Options |  |  | 140,000 |  |  | $ | 17.12 |
Stock Appreciation Rights |  |  | — |  |  | $ | — |
Performance Stock Units |  |  | 100,000 |  |  | $ | 34.76 |
Restricted Stock Units |  |  | 545,000 |  |  | $ | 36.35 |
Total |  |  | 785,000 |  |  |  |  |
During the six months ended July 31, 2018, 410,000 stock options were exercised, 167,725 SAR’s were exercised, 209,999 PSU’s vested and 212,500 RSU’s vested. 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, 2018 was as follows:
|  | July 31, 2018 |
|  | Unrecognized |  |  | Weighted- |
|  | Compensation |  |  | Average |
|  | Cost |  |  | Years |
Stock Options |  | $ | 2,029 |  |  |  | 0.8 |
Stock Appreciation Rights |  |  | — |  |  |  | — |
Performance Stock Units |  |  | 10,149 |  |  |  | 1.9 |
Restricted Stock Units |  |  | 26,250 |  |  |  | 2.3 |
Total |  | $ | 38,428 |  |  |  |  |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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- References No definition available. + Details
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