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 months ended April 30, 2021 and 2020, was as follows:

	Three Months Ended
	April 30,
	2021		2020
Stock Options	$	—	$	342
Performance Stock Units⁽¹⁾		399		150
Restricted Stock Units		4,171		4,380
Total	$	4,570	$	4,872

Share-based awards granted and the weighted-average fair value of such awards for the three months ended April 30, 2021 was as follows:


	April 30, 2021
			Weighted-
	Awards		Average Fair
	Granted		Value
Stock Options		—	$	—
Performance Stock Units		213,750	$	38.15
Restricted Stock Units		908,050	$	37.44
Total		1,121,800

During the three months ended April 30, 2021, 35,000 stock options were exercised, 70,001 PSU’s vested and 532,835 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 April 30, 2021 was as follows:

	April 30, 2021
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Stock Options	$	—		—
Performance Stock Units		9,563		2.8
Restricted Stock Units		49,446		2.5
Total	$	59,009