XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1

Share-Based Compensation

9 Months Ended

Oct. 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 nine months ended October 31, 2018 and 2017 was as follows:

		Three Months Ended								Nine Months Ended
		October 31,								October 31,
		2018				2017				2018				2017
Stock Options		$	604			$	216			$	1,250			$	673
Stock Appreciation Rights			—				24				4				125
Performance Stock Units (1)			1,869				(3,107	)			5,439				5,702
Restricted Stock Units			3,613				2,742				10,383				7,331
Total		$	6,086			$	(125	)		$	17,076			$	13,831
(1)   Includes the reversal of $6,509 of previously recognized compensation expense in the three and nine months ended October 31, 2017, related to 476,611 PSU’s that are not expected to vest as the achievement of the related performance targets is not probable.

Share-based awards granted and the weighted-average fair value of such awards for the nine months ended October 31, 2018 was as follows:

		Nine Months Ended
		October 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			555,000			$	36.52
Total			795,000

During the nine months ended October 31, 2018, 430,000 stock options were exercised, 197,600 SAR’s were exercised, 465,192 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 October 31, 2018 was as follows:

		October 31, 2018
		Unrecognized				Weighted-
		Compensation				Average
		Cost				Years
Stock Options		$	1,425				0.6
Stock Appreciation Rights			—				—
Performance Stock Units			8,377				1.8
Restricted Stock Units			22,727				2.2
Total		$	32,529

X

- 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

Name:	us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration