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Shareholders' Equity
 12 Months Ended
Jan. 31, 2023
Equity [Abstract]  
Shareholders' Equity

12. Shareholders’ Equity

Share repurchase activity under the Company’s share repurchase programs is as follows:

 

Fiscal Year Ended January 31,

 

 

2023

 

 

2022

 

Number of common shares repurchased and subsequently retired

 

 

4,736,405

 

 

 

1,959,159

 

Total cost

 

$

112,016

 

 

$

55,765

 

Average cost per share, including commissions

 

$

23.65

 

 

$

28.46

 

 

On August 22, 2017, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program; all such shares were repurchased and the authorization was completed by the end of June 2022. 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 January 31, 2023, 19,156,390 common shares were remaining under the programs.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2023 and 2022, the Company acquired and subsequently retired 248,812 and 229,082 common shares at a total cost of $6,760 and $7,790, respectively, from employees to meet payroll tax withholding requirements.