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Share-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2024
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, 2024, 2023 and 2022 was as follows:

 

 

Fiscal Year Ended January 31,

 

 

2024

 

 

2023

 

 

2022

 

Performance Stock Units

 

 

5,013

 

 

 

4,978

 

 

 

4,067

 

Restricted Stock Units

 

 

25,495

 

 

 

24,471

 

 

 

21,674

 

Total

 

$

30,508

 

 

$

29,449

 

 

$

25,741

 

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the fiscal year ended January 31, 2024:

 

 

Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Contractual
Terms
(years)

 

 

Aggregate
Intrinsic
Value

 

Awards outstanding at beginning of year

 

 

245,000

 

 

$

31.11

 

 

 

1.6

 

 

$

653

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(25,000

)

 

 

23.74

 

 

 

 

 

 

 

Forfeited or Expired

 

 

(80,000

)

 

 

37.45

 

 

 

 

 

 

 

Awards outstanding at end of year

 

 

140,000

 

 

 

28.81

 

 

 

1.5

 

 

$

1,623

 

Awards outstanding fully vested and expected to vest

 

 

140,000

 

 

 

28.81

 

 

 

1.5

 

 

$

1,623

 

Awards exercisable at end of year

 

 

140,000

 

 

$

28.81

 

 

 

1.5

 

 

$

1,623

 

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, 2024, 2023 and 2022:

 

 

Fiscal Year Ended January 31,

 

 

2024

 

 

2023

 

 

2022

 

Intrinsic value of awards exercised

 

$

129

 

 

$

23

 

 

$

1,156

 

Net cash proceeds from the exercise of stock options

 

$

594

 

 

$

376

 

 

$

3,290

 

Summary of Performance Share Units Activity

The following table summarizes the Company’s PSU activity for the fiscal year ended January 31, 2024:

 

 

Shares

 

 

Weighted-
Average
Fair Value

 

Non-vested awards outstanding at beginning of year

 

 

471,252

 

 

$

31.40

 

Granted

 

 

160,887

 

 

 

26.96

 

Vested

 

 

(131,248

)

 

 

33.01

 

Forfeited

 

 

 

 

 

 

Non-vested awards outstanding at end of year

 

 

500,891

 

 

$

29.55

 

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the fiscal year ended January 31, 2024:

 

 

Shares

 

 

Weighted-
Average
Fair Value

 

Non-vested awards outstanding at beginning of year

 

 

2,553,399

 

 

$

29.82

 

Granted

 

 

971,135

 

 

 

27.42

 

Vested

 

 

(760,702

)

 

 

31.11

 

Forfeited

 

 

(93,852

)

 

 

29.21

 

Non-vested awards outstanding at end of year

 

 

2,669,980

 

 

$

28.58