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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Oct. 31, 2018
STOCK-BASED COMPENSATION  
Schedule of stock option activity under the Company's stock plans

 

Summaries of stock option activity under the Company’s stock plans for the nine months ended October 31, 2018 and 2017, along with corresponding weighted average per share amounts, are presented below (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise

 

Remaining

 

 

 

    

Shares

    

Price

    

Term (years)

    

Fair Value

Outstanding, February 1, 2018

 

889

 

$

44.83

 

7.91

 

$

11.74

Granted

 

192

 

$

40.32

 

 

 

 

 

Exercised

 

(3)

 

$

17.33

 

 

 

 

 

Outstanding, October 31, 2018

 

1,078

 

$

44.11

 

7.63

 

$

11.33

Exercisable, October 31, 2018

 

709

 

$

44.57

 

6.69

 

$

11.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise

 

Remaining

 

 

 

    

Shares

    

Price

    

Term (years)

    

Fair Value

Outstanding, February 1, 2017

 

707

 

$

39.04

 

7.82

 

$

10.22

Granted

 

125

 

$

63.58

 

 

 

 

 

Exercised

 

(90)

 

$

30.74

 

 

 

 

 

Forfeited

 

(10)

 

$

71.75

 

 

 

 

 

Outstanding, October 31, 2017

 

732

 

$

43.81

 

7.59

 

$

11.61

Exercisable, October 31, 2017

 

452

 

$

28.75

 

6.52

 

$

7.76

 

Schedule of changes in the 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 nine months ended October 31, 2018 and 2017, and the weighted average fair value per share for each number, are presented below (shares in thousands):

 

 

 

 

 

 

 

 

    

Shares

    

Fair Value

Non-vested, February 1, 2018

 

302

 

$

13.55

Granted

 

192

 

$

9.35

Vested

 

(125)

 

$

16.19

Non-vested, October 31, 2018

 

369

 

$

10.47

 

 

 

 

 

 

 

 

    

Shares

    

Fair Value

Non-vested, February 1, 2017

 

270

 

$

14.93

Granted

 

125

 

$

16.19

Vested

 

(105)

 

$

9.66

Forfeited

 

(10)

 

$

19.14

Non-vested, October 31, 2017

 

280

 

$

17.83

 

Summary of assumptions used to estimate fair value of stock options granted

 

 

 

 

 

 

 

 

 

Nine Months Ended October 31, 

 

 

    

2018

    

2017

 

Dividend yield

 

2.5

1.1

%

Expected volatility

 

35.0

36.0

%

Risk-free interest rate

 

2.4

1.6

%

Expected life (in years)

 

3.3

 

3.4