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Shareholders' Equity
 3 Months Ended
Apr. 30, 2022
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,

 

 

 

2022

 

 

2021

 

Number of common shares repurchased and subsequently retired

 

 

2,422,058

 

 

 

—

 

Total cost

 

$

62,052

 

 

$

—

 

Average cost per share, including commissions

 

$

25.62

 

 

$

—

 

 

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, 2022, 21,470,737 common shares were remaining under the programs.

Subsequent to April 30, 2022, the Company repurchased and subsequently retired a total of 1,769,926 common shares for approximately $38,052, at an average price of $21.50 per share, including commissions.

During the three months ended April 30, 2022, the Company acquired and subsequently retired 244,048 common shares at a total cost of $6,636 from employees to meet payroll tax withholding requirements on vested awards. 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 payroll tax withholding requirements on vested awards.