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Share-Based Compensation (Tables)

12 Months Ended

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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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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