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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jan. 31, 2021
STOCK-BASED COMPENSATION  
Schedule of stock option activity under the Company's stock plans

Summaries of stock option activity under the Company’s approved Stock Plans for Fiscal 2021, Fiscal 2020 and Fiscal 2019, 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

 

257

$

40.54

Exercised

 

(6)

$

17.19

Outstanding, January 31, 2019

 

1,140

$

44.01

 

7.54

$

11.22

Granted

 

238

$

44.76

Exercised

 

(61)

$

26.67

Forfeited

(46)

$

48.47

Outstanding, January 31, 2020

 

1,271

$

44.83

 

7.18

$

11.06

Granted

242

$

37.26

Exercised

(68)

$

24.17

Forfeited

(40)

$

57.44

Outstanding, January 31, 2021

1,405

$

44.17

 

6.90

$

10.39

Exercisable, January 31, 2020

823

$

45.58

 

6.20

$

11.78

Exercisable, January 31, 2021

 

938

$

46.09

 

5.95

$

11.58

Schedule of changes in the number of non-vested options to purchase shares of common stock

Exercise

Remaining

    

Shares

    

Price

    

Term (years)

    

Fair Value

Outstanding, February 1, 2018

 

889

$

44.83

 

7.91

$

11.74

Granted

 

257

$

40.54

Exercised

 

(6)

$

17.19

Outstanding, January 31, 2019

 

1,140

$

44.01

 

7.54

$

11.22

Granted

 

238

$

44.76

Exercised

 

(61)

$

26.67

Forfeited

(46)

$

48.47

Outstanding, January 31, 2020

 

1,271

$

44.83

 

7.18

$

11.06

Granted

242

$

37.26

Exercised

(68)

$

24.17

Forfeited

(40)

$

57.44

Outstanding, January 31, 2021

1,405

$

44.17

 

6.90

$

10.39

Exercisable, January 31, 2020

823

$

45.58

 

6.20

$

11.78

Exercisable, January 31, 2021

 

938

$

46.09

 

5.95

$

11.58

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

2021

    

2020

    

2019

 

Dividend yield

2.7

%  

2.3

%  

2.5

%

Expected volatility

30.3

%  

32.5

%  

34.5

%

Risk-free interest rate

0.4

%  

1.9

%  

2.7

%

Expected life (in years)

3.4

3.3

3.3