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”). 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 Income, for the three and nine months ended October 31, 2022 and 2021, was as follows:


	Three Months Ended				Nine Months Ended
	October 31,				October 31,
	2022		2021		2022		2021
Performance Stock Units	$	1,280	$	1,070	$	3,697	$	2,996
Restricted Stock Units		6,582		6,030		18,274		16,072
Total	$	7,862	$	7,100	$	21,971	$	19,068

Share-based awards granted and the weighted-average fair value of such awards for the nine months ended October 31, 2022 was as follows:


	Nine Months Ended
	October 31, 2022
			Weighted-
	Awards		Average Fair
	Granted		Value
Performance Stock Units		167,500	$	25.38
Restricted Stock Units		1,105,500	$	24.85
Total		1,273,000

During the nine months ended October 31, 2022, 20,000 stock options were exercised, 80,001 PSU’s vested and 625,881 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 October 31, 2022 was as follows:


	October 31, 2022
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Performance Stock Units	$	7,225		2.0
Restricted Stock Units		37,700		2.0
Total	$	44,925