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COMMON STOCK
 12 Months Ended
Jan. 31, 2012
Stockholders' Equity Note Disclosure [Text Block]

 

 

9.

COMMON STOCK

 

 

 

During fiscal years 2011, 2010 and 2009, the Company purchased 1,518,877 shares, 514,657 shares and 1,256,604 shares, respectively, of its common stock for $25,662,000, $8,229,000 and $15,694,000, respectively. Included in these amounts are shares the Company received totaling 213,288 and 659,957 for the years ended January 31, 2012 and 2010, respectively, as tenders of the exercise price of stock options exercised by certain officers and directors of the Company. The cost of these shares, determined as the fair market value on the date they were tendered, was approximately $3,444,000 and $9,239,000 for the years ended January 31, 2012 and January 31, 2010, respectively. At January 31, 2012, the Company had prior authorization by its Board of Directors to purchase, in open market transactions, an additional 162,455 shares of its common stock. Information regarding the Company’s common stock is as follows (amounts in thousands):


 

 

 

 

 

 

 

 

 

 

January 31,
2012

 

January 31,
2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Authorized shares

 

 

45,000

 

 

45,000

 

Issued shares

 

 

29,853

 

 

29,853

 

Outstanding shares

 

 

8,330

 

 

9,392