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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Oct. 31, 2019
STOCK-BASED COMPENSATION  
Schedule of stock option activity under the Company's stock plans

 

Summaries of stock option activity under the Company’s stock option plans for the nine months ended October 31, 2019 and 2018, 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, 2019

 

1,140

 

$

44.01

 

7.54

 

$

11.22

Granted

 

168

 

$

46.67

 

 

 

 

 

Exercised

 

(59)

 

$

26.36

 

 

 

 

 

Forfeited

 

(38)

 

$

46.34

 

 

 

 

 

Outstanding, October 31, 2019

 

1,211

 

$

45.18

 

7.28

 

$

11.27

Exercisable, October 31, 2019

 

753

 

$

45.81

 

6.25

 

$

10.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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, 2019 and 2018, and the weighted average fair value per share for each number, are presented below (shares in thousands):

 

 

 

 

 

 

 

 

    

Shares

    

Fair Value

Non-vested, February 1, 2019

 

375

 

$

10.05

Granted

 

168

 

$

10.32

Vested

 

(57)

 

$

9.28

Forfeited

 

(28)

 

$

10.47

Non-vested, October 31, 2019

 

458

 

$

10.22

 

 

 

 

 

 

 

 

    

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

 

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

 

 

 

 

 

 

 

 

Nine Months Ended October 31, 

 

 

    

2019

    

2018

 

Dividend yield

 

2.2

2.5

%

Expected volatility

 

33.1

35.0

%

Risk-free interest rate

 

2.0

2.4

%

Expected life (in years)

 

3.3

 

3.3