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STOCK-BASED COMPENSATION AND OTHER BENEFIT PLANS (Tables)

12 Months Ended

Jan. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

We recognized stock-based compensation expense in the following line items on the consolidated statements of operations for the years ended January 31, 2024, 2023, and 2022:

						Year Ended January 31,
(in thousands)						2024						2023						2022
Component of income before provision for income taxes:
Cost of revenue - recurring						$	2,114					$	2,856					$	1,999
Cost of revenue - nonrecurring						2,017						2,806						3,029
Research and development, net						11,918						12,576						7,565
Selling, general and administrative						51,550						57,876						52,672
Total stock-based compensation expense						67,599						76,114						65,265
Income tax benefits related to stock-based compensation (before consideration of valuation allowances)						11,580						12,368						10,615
Total stock-based compensation, net of taxes						$	56,019					$	63,746					$	54,650

Summary of Stock-based Compensation Expense by Type of Award

The following table summarizes stock-based compensation expense by type of award for the years ended January 31, 2024, 2023, and 2022: 

						Year Ended January 31,
(in thousands)						2024						2023						2022
Restricted stock units and restricted stock awards						$	62,006					$	68,258					$	58,678
Stock bonus program and bonus share program						5,616						7,793						6,568
Total equity-settled awards						67,622						76,051						65,246
Phantom stock units (cash-settled awards)						(23)						63						19
Total stock-based compensation expense						$	67,599					$	76,114					$	65,265

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 years ended January 31, 2024, 2023, and 2022:

						Year Ended January 31,
						2024												2023												2022
(in thousands, except grant date fair values)						Shares or Units						Weighted-Average Grant-Date Fair Value						Shares or Units						Weighted-Average Grant-Date Fair Value						Shares or Units						Weighted-Average Grant-Date Fair Value
Beginning balance						2,230						$	52.42					2,454						$	42.99					2,950						$	35.97
Granted						2,127						$	35.68					1,743						$	54.98					1,540						$	48.01
Released						(1,433)						$	46.12					(1,733)						$	42.13					(1,800)						$	36.14
Forfeited						(266)						$	43.70					(234)						$	48.86					(236)						$	40.23
Ending balance						2,658						$	43.29					2,230						$	52.42					2,454						$	42.99

Schedule of Performance Share Activity

The following table summarizes PSU activity in isolation under the Plans for the years ended January 31, 2024, 2023, and 2022 (these amounts are also included in the Award Activity Table above for 2024, 2023, and 2022):

						Year Ended January 31,
(in thousands)						2024						2023						2022
Beginning balance						532						547						743
Granted						277						278						212
Released						(230)						(279)						(381)
Forfeited						(47)						(14)						(27)
Ending balance						532						532						547

Summary of Key Data for Stock Bonus Program

The following table summarizes activity under the stock bonus program during the years ended January 31, 2024, 2023, and 2022 in isolation from other share activity. As noted above, shares issued in a given fiscal year are in respect of the prior fiscal year’s program period. Also, 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.

						Year Ended January 31,
(in thousands)						2024						2023						2022
Shares in lieu of cash bonus — granted and released (not included in the Award Activity Table above)						27						119						—
Shares in respect of discount (included in the Award Activity Table above):
Granted						—						12						—
Released						2						10						—

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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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