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Shareholders' Equity
3 Months Ended
Apr. 30, 2021
Equity [Abstract]  
Shareholders' Equity

9. Shareholders’ Equity  

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

 

 

 

Three Months Ended

 

 

 

April 30,

 

 

 

2021

 

 

2020

 

Number of common shares repurchased and subsequently retired

 

 

 

 

 

482,003

 

Total cost

 

$

 

 

$

7,036

 

Average cost per share, including commissions

 

$

 

 

$

14.60

 

 

The shares repurchased during the three months ended April 30, 2020, were prior to the known spread of the COVID-19 pandemic in the United States, which forced the Company to close its stores for an extended period of time. The Company temporarily suspended all share repurchase activity under the programs during fiscal 2021.    

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 April 30, 2021, 25,851,954 common shares were remaining under the programs.

During the three months ended April 30, 2021, the Company acquired and subsequently retired 218,694 common shares at a total cost of $7,418 from employees to meet minimum statutory tax withholding requirements. During the three months ended April 30, 2020, the Company acquired and subsequently retired 154,664 common shares at a total cost of $3,720 from employees to meet minimum statutory tax withholding requirements.