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Share-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation Expense Included in Selling, General and Administrative Expenses in Consolidated Statements of Income

Share-based compensation expense, included in “Selling, general and administrative expenses” in the Consolidated Statements of Income, for the fiscal years ended January 31, 2021, 2020 and 2019 was as follows:

		Fiscal Year Ended January 31,
		2021				2020				2019
Stock Options		$	471			$	1,737			$	1,854
Stock Appreciation Rights			—				—				4
Performance Stock Units (1)			181				3,483				2,463
Restricted Stock Units			19,648				15,889				13,783
Total		$	20,300			$	21,109			$	18,104

(1) Includes: (i) the reversal of $1,017 of previously recognized compensation expense in fiscal 2021, related to 87,997 PSU’s that will not vest as the achievement of the related performance target is not probable; (ii) the reversal of $803 of previously recognized compensation expense in fiscal 2020, related to 54,356 PSU’s that will not vest as the achievement of the related performance target is not probable; and (iii) the reversal of $4,213 of previously recognized compensation expense in fiscal 2019, related to 313,077 PSU’s that will not vest as the achievement of the related performance target is not probable.

Assumptions Used to Estimate Fair Value of Stock Options

The following weighted-average assumptions were used in the models to estimate the fair value of stock options at the date of grant:

		Fiscal Year Ended January 31,
		2021				2020				2019
Expected life, in years			—				5.3				5.4
Risk-free interest rate			—				1.9	%			2.8	%
Volatility			—				37.6	%			35.6	%
Dividend rate			—				—				—

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2021:

		Shares				Weighted- Average Exercise Price				Weighted- Average Contractual Terms (years)				Aggregate Intrinsic Value
Awards outstanding at beginning of year			670,000			$	32.94				3.9			$	964
Granted			—				—
Exercised			(25,000	)			19.80
Forfeited or Expired			(130,000	)			41.38
Awards outstanding at end of year			515,000				31.45				3.0			$	1,249
Awards outstanding fully vested and expected to vest			515,000				31.45				3.0			$	1,249
Awards exercisable at end of year			515,000			$	31.45				3.0			$	1,249

Summary of Information Concerning Outstanding and Exercisable Stock Options

The following table summarizes other information related to stock options during the years ended January 31, 2021, 2020 and 2019:

		Fiscal Year Ended January 31,
		2021				2020				2019
Weighted-average grant date fair value—per share		$	—			$	8.67			$	17.12
Intrinsic value of awards exercised		$	187			$	307			$	4,369
Net cash proceeds from the exercise of stock options		$	495			$	974			$	13,618

Summary of Other Information Related to SAR's

The following table summarizes other information related to SAR’s during the years ended January 31, 2021, 2020 and 2019:

		Fiscal Year Ended January 31,
		2021				2020				2019
Intrinsic value of awards exercised		$	—			$	—			$	1,451

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2021:

		Shares				Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year			742,466			$	24.60
Granted			154,000				25.84
Vested			(113,331	)			28.58
Forfeited			(513,132	)			22.66
Non-vested awards outstanding at end of year			270,003			$	27.32

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2021:

		Shares				Weighted- Average Fair Value
Non-vested awards outstanding at beginning of year			1,655,341			$	31.03
Granted			903,600				25.31
Vested			(344,177	)			31.11
Forfeited			(105,379	)			29.25
Non-vested awards outstanding at end of year			2,109,385			$	28.65

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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