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Share-Based Compensation | 9 Months Ended
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Oct. 31, 2020
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 Black-Scholes model was used to estimate the fair value of stock options. The fair value of PSU’s and RSU’s is equal to the stock price on the date of the grant. Share-based compensation expense included in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations, for the three and nine months ended October 31, 2020 and 2019, was as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 31, |  |  | October 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Stock Options |  | $ | — |  |  | $ | 349 |  |  | $ | 471 |  |  | $ | 1,387 |
Performance Stock Units(1) |  |  | 799 |  |  |  | 1,049 |  |  |  | 1,843 |  |  |  | 3,260 |
Restricted Stock Units |  |  | 4,974 |  |  |  | 3,948 |  |  |  | 14,716 |  |  |  | 12,160 |
Total |  | $ | 5,773 |  |  | $ | 5,346 |  |  | $ | 17,030 |  |  | $ | 16,807 |
| (1) | Includes the reversal of $653 of previously recognized compensation expense in the nine months ended October 31, 2020 related to 46,665 PSU’s that will not vest as the achievement of the related performance target is not probable.
Share-based awards granted and the weighted-average fair value of such awards for the nine months ended October 31, 2020 was as follows:
|  | Nine Months Ended |
|  | October 31, 2020 |
|  |  |  |  |  | Weighted- |
|  | Awards |  |  | Average Fair |
|  | Granted |  |  | Value |
Stock Options |  |  | — |  |  | $ | — |
Performance Stock Units |  |  | 154,000 |  |  | $ | 25.84 |
Restricted Stock Units |  |  | 898,100 |  |  | $ | 25.29 |
Total |  |  | 1,052,100 |  |  |  |  |
During the nine months ended October 31, 2020, 113,331 PSU’s vested and 337,177 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, 2020 was as follows:
|  | October 31, 2020 |
|  | Unrecognized |  |  | Weighted- |
|  | Compensation |  |  | Average |
|  | Cost |  |  | Years |
Stock Options |  | $ | — |  |  |  | — |
Performance Stock Units |  |  | 4,056 |  |  |  | 2.1 |
Restricted Stock Units |  |  | 28,788 |  |  |  | 2.0 |
Total |  | $ | 32,844 |  |  |  |  |

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- Definition The entire disclosure for share-based payment arrangement. + 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 + Details
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