XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jul. 31, 2016
STOCK-BASED COMPENSATION  
Summary of Activity under Option and Stock Plans

Summaries of activity under the Company’s stock option plans for the six months ended July 31, 2016 and 2015, along with the corresponding weighted average per share amounts, are presented below (shares in thousands):

 

 

 

Shares

 

Exercise
Price

 

Remaining
Term (years)

 

Fair Value

 

Outstanding, February 1, 2016

 

1,064

 

$

26.38

 

6.36

 

$

6.91

 

Granted

 

105

 

$

36.09

 

 

 

 

 

Exercised

 

(195

)

$

21.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2016

 

974

 

$

28.39

 

7.03

 

$

7.51

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2016

 

704

 

$

25.55

 

6.55

 

$

6.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

Exercise
Price

 

Remaining
Term (years)

 

Fair Value

 

Outstanding, February 1, 2015

 

876

 

$

22.34

 

7.08

 

$

6.01

 

Granted

 

135

 

$

33.62

 

 

 

 

 

Exercised

 

(59

)

$

16.82

 

 

 

 

 

Forfeited

 

(6

)

$

17.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2015

 

946

 

$

24.33

 

7.20

 

$

6.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2015

 

686

 

$

20.85

 

6.60

 

$

5.71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Change in Number of Non-Vested Options to Purchase Shares of Common Stock

The changes in the number of non-vested options to purchase shares of common stock for the six months ended July 31, 2016 and 2015, and the weighted average fair value per share for each number, are presented below (shares in thousands):

 

 

 

Shares

 

Fair Value

 

Nonvested, February 1, 2016

 

300

 

$

8.97

 

Granted

 

105

 

$

9.66

 

Vested

 

(135

)

$

8.99

 

 

 

 

 

 

 

 

Nonvested, July 31, 2016

 

270

 

$

9.22

 

 

 

 

 

 

 

 

 

 

 

Shares

 

Fair Value

 

Nonvested, February 1, 2015

 

306

 

$

7.14

 

Granted

 

135

 

$

8.99

 

Vested

 

(181

)

$

6.28

 

 

 

 

 

 

 

 

Nonvested, July 31, 2015

 

260

 

$

8.70

 

 

 

 

 

 

 

 

 

Summary of Assumptions Used to Estimate Fair Value of Stock Options Granted

 

 

 

Six Months Ended July 31,

 

 

 

2016

 

2015

 

Dividend yield

 

1.96 

%

2.09 

%

Expected volatility

 

33.85 

%

34.80 

%

Risk-free interest rate

 

1.36 

%

1.43 

%

Expected life (in years)

 

5.50 

 

5.22