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Shareholders' Equity
 12 Months Ended
Jan. 31, 2025
Equity [Abstract]  
Shareholders' Equity

12. Shareholders’ Equity

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

 

Fiscal Year Ended January 31,

 

 

2025

 

 

2024

 

Number of common shares repurchased and subsequently retired

 

 

1,200,000

 

 

 

—

 

Total cost(1)

 

$

52,262

 

 

$

—

 

Average cost per share, including commissions

 

$

43.55

 

 

$

—

 
(1)
Under the Inflation Reduction Act, the Company's share repurchases, net of issuances, are subject to a 1% excise tax. The total cost of share repurchases during the year ended January 31, 2025, excludes excise tax incurred of $231.

On June 4, 2019, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program. As of January 31, 2025, 17,956,390 common shares were remaining under the programs.

In addition to the common shares repurchased under the share repurchase programs, during the fiscal years ended January 31, 2025 and 2024, the Company acquired and subsequently retired 366,136 and 310,137 common shares at a total cost of $15,402 and $8,407, respectively, from employees to meet payroll tax withholding requirements on vested share-based awards.