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Share-Based Compensation (Tables) | 12 Months Ended
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Jan. 31, 2023
Share-Based Payment Arrangement [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, 2023, 2022 and 2021 was as follows:
|  | Fiscal Year Ended January 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Stock Options |  | $ | — |  |  | $ | — |  |  | $ | 471 |
Performance Stock Units (1) |  |  | 4,978 |  |  |  | 4,067 |  |  |  | 181 |
Restricted Stock Units |  |  | 24,471 |  |  |  | 21,674 |  |  |  | 19,648 |
Total |  | $ | 29,449 |  |  | $ | 25,741 |  |  | $ | 20,300 |
(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.
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2023:
|  | Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Contractual Terms (years) |  |  | Aggregate Intrinsic Value |
Awards outstanding at beginning of year |  |  | 355,000 |  |  | $ | 31.12 |  |  |  | 2.5 |  |  | $ | 1,126 |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Exercised |  |  | (20,000 | ) |  |  | 18.81 |  |  |  |  |  |  |
Forfeited or Expired |  |  | (90,000 | ) |  |  | 33.88 |  |  |  |  |  |  |
Awards outstanding at end of year |  |  | 245,000 |  |  |  | 31.11 |  |  |  | 1.6 |  |  | $ | 653 |
Awards outstanding fully vested and expected to vest |  |  | 245,000 |  |  |  | 31.11 |  |  |  | 1.6 |  |  | $ | 653 |
Awards exercisable at end of year |  |  | 245,000 |  |  | $ | 31.11 |  |  |  | 1.6 |  |  | $ | 653 |
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, 2023, 2022 and 2021:
|  | Fiscal Year Ended January 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Intrinsic value of awards exercised |  | $ | 23 |  |  | $ | 1,156 |  |  | $ | 187 |
Net cash proceeds from the exercise of stock options |  | $ | 376 |  |  | $ | 3,290 |  |  | $ | 495 |
Summary of Performance Share Units Activity | The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2023:
|  | Shares |  |  | Weighted- Average Fair Value |
Non-vested awards outstanding at beginning of year |  |  | 383,753 |  |  | $ | 33.27 |
Granted |  |  | 167,500 |  |  |  | 25.38 |
Vested |  |  | (80,001 | ) |  |  | 27.79 |
Forfeited |  |  | — |  |  |  | — |
Non-vested awards outstanding at end of year |  |  | 471,252 |  |  | $ | 31.40 |
Summary of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2023:
|  | Shares |  |  | Weighted- Average Fair Value |
Non-vested awards outstanding at beginning of year |  |  | 2,286,588 |  |  | $ | 32.37 |
Granted |  |  | 1,121,500 |  |  |  | 25.01 |
Vested |  |  | (634,881 | ) |  |  | 30.48 |
Forfeited |  |  | (219,808 | ) |  |  | 29.27 |
Non-vested awards outstanding at end of year |  |  | 2,553,399 |  |  | $ | 29.82 |

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- 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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- 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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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