XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.22.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2022
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, 2022, 2021 and 2020 was as follows:
|  | Fiscal Year Ended January 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Stock Options |  | $ | — |  |  | $ | 471 |  |  | $ | 1,737 |
Performance Stock Units (1) |  |  | 4,067 |  |  |  | 181 |  |  |  | 3,483 |
Restricted Stock Units |  |  | 21,674 |  |  |  | 19,648 |  |  |  | 15,889 |
Total |  | $ | 25,741 |  |  | $ | 20,300 |  |  | $ | 21,109 |
(1) | Includes: (i) the reversal of $1,017 of previously recognized compensation expense in fiscal 2021, related to 87,997 PSU’s that were not projected to vest as the achievement of the related performance target was deemed not probable, of which $364 related to 41,332 PSU’s was subsequently recognized in fiscal 2022 due to the Company’s better than projected performance that resulted in the performance target being achieved; and (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.
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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Expected life, in years |  |  | — |  |  |  | — |  |  |  | 5.3 |
Risk-free interest rate |  |  | — |  |  |  | — |  |  |  | 1.9 | %
Volatility |  |  | — |  |  |  | — |  |  |  | 37.6 | %
Dividend rate |  |  | — |  |  |  | — |  |  |  | — |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2022:
|  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Contractual Terms (years) |  |  | Aggregate Intrinsic Value |
Awards outstanding at beginning of year |  |  | 515,000 |  |  | $ | 31.45 |  |  |  | 3.0 |  |  | $ | 1,249 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (120,000 | ) |  |  | 27.42 |  |  |  |  |  |  |  |  |
Forfeited or Expired |  |  | (40,000 | ) |  |  | 46.42 |  |  |  |  |  |  |  |  |
Awards outstanding at end of year |  |  | 355,000 |  |  |  | 31.12 |  |  |  | 2.5 |  |  | $ | 1,126 |
Awards outstanding fully vested and expected to vest |  |  | 355,000 |  |  |  | 31.12 |  |  |  | 2.5 |  |  | $ | 1,126 |
Awards exercisable at end of year |  |  | 355,000 |  |  | $ | 31.12 |  |  |  | 2.5 |  |  | $ | 1,126 |
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, 2022, 2021 and 2020:
|  | Fiscal Year Ended January 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Weighted-average grant date fair value—per share |  | $ | — |  |  | $ | — |  |  | $ | 8.67 |
Intrinsic value of awards exercised |  | $ | 1,156 |  |  | $ | 187 |  |  | $ | 307 |
Net cash proceeds from the exercise of stock options |  | $ | 3,290 |  |  | $ | 495 |  |  | $ | 974 |
Summary of Performance Share Units Activity | The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2022:
|  | Shares |  |  | Weighted- Average Fair Value |
Non-vested awards outstanding at beginning of year |  |  | 270,003 |  |  | $ | 27.32 |
Granted |  |  | 213,750 |  |  |  | 38.15 |
Vested |  |  | (70,001 | ) |  |  | 26.54 |
Forfeited |  |  | (29,999 | ) |  |  | 30.19 |
Non-vested awards outstanding at end of year |  |  | 383,753 |  |  | $ | 33.27 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2022:
|  | Shares |  |  | Weighted- Average Fair Value |
Non-vested awards outstanding at beginning of year |  |  | 2,109,385 |  |  | $ | 28.65 |
Granted |  |  | 1,075,250 |  |  |  | 37.30 |
Vested |  |  | (613,299 | ) |  |  | 29.66 |
Forfeited |  |  | (284,748 | ) |  |  | 30.41 |
Non-vested awards outstanding at end of year |  |  | 2,286,588 |  |  | $ | 32.37 |

X
- Definition Schedule Of Other Information Related To Stock Option Activity Table + References No definition available. + Details
Name: | urbn_ScheduleOfOtherInformationRelatedToStockOptionActivityTableTextBlock
Namespace Prefix: | urbn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration