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 (“RSUs”), performance stock units (“PSUs”) or stock appreciation rights. The fair value of PSUs and RSUs 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 six months ended July 31, 2023 and 2022, was as follows:


	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2023		2022		2023		2022
Performance Stock Units	$	1,231	$	1,280	$	2,551	$	2,417
Restricted Stock Units		6,590		5,727		13,005		11,692
Total	$	7,821	$	7,007	$	15,556	$	14,109

Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2023 was as follows:


	Six Months Ended
	July 31, 2023
			Weighted-
	Awards		Average Fair
	Granted		Value
Performance Stock Units		160,887	$	26.96
Restricted Stock Units		945,887	$	27.23
Total		1,106,774

During the six months ended July 31, 2023, 25,000 stock options were exercised, 131,248 PSUs vested and 739,871 RSUs 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 July 31, 2023 was as follows:


	July 31, 2023
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Performance Stock Units	$	7,731		2.1
Restricted Stock Units		42,119		2.1
Total	$	49,850