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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jul. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

We recognized stock-based compensation expense in the following line items on the condensed consolidated statements of operations for the three and six months ended July 31, 2022 and 2021: 

						Three Months Ended July 31,												Six Months Ended July 31,
(in thousands)						2022						2021						2022						2021
Cost of revenue — recurring						$	933					$	562					$	1,458					$	991
Cost of revenue — nonrecurring						818						864						1,458						1,697
Research and development, net						4,419						2,027						6,838						3,800
Selling, general and administrative						19,524						14,640						34,309						28,006
Total stock-based compensation expense						$	25,694					$	18,093					$	44,063					$	34,494

Schedule of Stock-Based Compensation Expense by Type of Award

The following table summarizes stock-based compensation expense by type of award for the three and six months ended July 31, 2022 and 2021:

						Three Months Ended July 31,												Six Months Ended July 31,
(in thousands)						2022						2021						2022						2021
Restricted stock units and restricted stock awards						$	23,362					$	15,984					$	39,373					$	30,237
Stock bonus program and bonus share program						2,328						2,100						4,680						4,252
Total equity-settled awards						25,690						18,084						44,053						34,489
Phantom stock units (cash-settled awards)						4						9						10						5
Total stock-based compensation expense						$	25,694					$	18,093					$	44,063					$	34,494

Schedule of RSU Activity

The following table (“Award Activity Table”) summarizes activity for RSUs, PSUs, and other stock awards that reduce available Plan capacity under the Plans for the six months ended July 31, 2022 and 2021:

						Six Months Ended July 31,
						2022												2021
(in thousands, except per share data)						Shares or Units						Weighted-Average Grant Date Fair Value						Shares or Units						Weighted-Average Grant Date Fair Value
Beginning balance						2,454						$	42.99					2,950						$	35.97
Granted						1,600						$	56.14					1,316						$	48.51
Released						(878)						$	43.15					(1,283)						$	35.52
Forfeited						(94)						$	45.73					(110)						$	39.00
Ending balance						3,082						$	49.69					2,873						$	41.81

Schedule of Performance Share Activity

The following table summarizes PSU activity in isolation under the Plans for the six months ended July 31, 2022 and 2021 (these amounts are also included in the Award Activity Table above for 2022 and 2021):

						Six Months Ended July 31,
(in thousands)						2022						2021
Beginning balance						547						635
Granted						278						212
Released						(89)						(270)
Forfeited						—						(9)
Ending balance						736						568

Schedule of Key Data for Stock Bonus Program

The following table summarizes activity under the stock bonus program during the six months ended July 31, 2022 and 2021 in isolation. As noted above, shares issued in respect of the discount feature under the program reduce available plan capacity and are included in the Award Activity Table above. Other shares issued under the program do not reduce available plan capacity and are therefore excluded from the Award Activity Table above.

						Six Months Ended July 31,
(in thousands)						2022						2021
Shares in lieu of cash bonus — granted and released (not included in Award Activity Table above)						131						—
Shares in respect of discount (included in Award Activity Table above):
Granted						25						—
Released						23						—

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Publisher FASB
-Name Accounting Standards Codification
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