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Shareholders' Equity
 3 Months Ended
Apr. 30, 2023
Equity [Abstract]  
Shareholders' Equity

8. Shareholders’ Equity

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

 

 

 

Three Months Ended

 

 

 

April 30,

 

 

 

2023

 

 

2022

 

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; all 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 April 30, 2023, 19,156,390 common shares were remaining under the program.

During the three months ended April 30, 2023, the Company acquired and subsequently retired 293,262 common shares at a total cost of $7,850 from employees to meet payroll tax withholding requirements on vested awards. 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.