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Shareholders' Equity

6 Months Ended

Jul. 31, 2019

9. Shareholders’ Equity

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

	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2019		2018		2019		2018
Number of common shares repurchased and subsequently retired		5,637,369		—		8,068,196		—
Total cost	$	146,180	$	—	$	217,422	$	—
Average cost per share, including commissions	$	25.93	$	—	$	26.95	$	—

On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program. On June 4, 2019, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a new share repurchase program. As of July 31, 2019, 26,333,957 common shares were remaining under the programs.

During the six months ended July 31, 2019, the Company acquired and subsequently retired 178,064 common shares at a total cost of $5,429 from employees to meet minimum statutory tax withholding requirements. During the six months ended July 31, 2018, the Company acquired and subsequently retired 158,018 common shares at a total cost of $5,924 from employees to meet minimum statutory tax withholding requirements.