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, 2024 and 2023, was as follows:


	Three Months Ended				Six Months Ended
	July 31,				July 31,
	2024		2023		2024		2023
Performance Stock Units	$	1,186	$	1,231	$	2,423	$	2,551
Restricted Stock Units		6,771		6,590		13,133		13,005
Total	$	7,957	$	7,821	$	15,556	$	15,556

Share-based awards granted and the weighted-average fair value of such awards for the six months ended July 31, 2024 was as follows:


	Six Months Ended
	July 31, 2024
			Weighted-
	Awards		Average Fair
	Granted		Value
Performance Stock Units		107,345	$	41.92
Restricted Stock Units		696,123	$	41.84
Total		803,468

During the six months ended July 31, 2024, 60,000 stock options were exercised, 157,082 PSUs vested and 820,101 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, 2024 was as follows:


	July 31, 2024
	Unrecognized		Weighted-
	Compensation		Average
	Cost		Years
Performance Stock Units	$	7,346		2.1
Restricted Stock Units		43,498		2.2
Total	$	50,844