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Shareholders' Equity

12 Months Ended

Jan. 31, 2019

11. Shareholders’ Equity

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

	Fiscal Year Ended January 31,
	2019		2018
Number of common shares repurchased and subsequently retired		3,500,000		8,092,906
Total cost	$	121,397	$	157,044
Average cost per share, including commissions	$	34.68	$	19.41

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 14,402,153 common shares were remaining as of January 31, 2019.

Subsequent to January 31, 2019, the Company repurchased and subsequently retired a total of 2,430,827 common shares for approximately $71,242, at an average price of $29.31 per share, including commissions.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2019 and 2018, the Company acquired and subsequently retired 254,181 and 92,455 common shares at a total cost of $10,245 and $2,182, respectively, from employees to meet minimum statutory tax withholding requirements.