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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

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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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