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Shareholders' Equity

9 Months Ended

Oct. 31, 2019

9. Shareholders’ Equity

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

	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2019		2018		2019		2018
Number of common shares repurchased and subsequently retired		—		1,500,000		8,068,196		1,500,000
Total cost	$	—	$	57,512	$	217,421	$	57,512
Average cost per share, including commissions	$	—	$	38.34	$	26.95	$	38.34

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 an additional 20,000,000 common shares under a share repurchase program. As of October 31, 2019, 26,333,957 common shares were remaining under the programs.

During the nine months ended October 31, 2019, the Company acquired and subsequently retired 184,402 common shares at a total cost of $5,574 from employees to meet minimum statutory tax withholding requirements. During the nine months ended October 31, 2018, the Company acquired and subsequently retired 252,619 common shares at a total cost of $10,187 from employees to meet minimum statutory tax withholding requirements.