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COMMON STOCK
 12 Months Ended
Jan. 31, 2024
Stockholders' Equity Note [Abstract]  
Equity [Text Block]
8.COMMON STOCK

 

On June 21, 2022, the Board of Directors of the Company adopted resolutions declaring a three-for-one split of the Company’s Common Stock to be effectuated in the form of a 200% stock dividend, payable on August 5, 2022 to stockholders of record at the close of business on July 29, 2022. The stock split has been retroactively reflected in the accompanying consolidated financial statements.

 

The Company did not purchase any shares of its common stock during fiscal year 2023. During fiscal years 2022 and 2021 the Company purchased approximately 472,000 shares and 252,000 shares of its common stock for approximately $13.0 million and $6.6 million, respectively. At January 31, 2024, the Company had prior authorization by its Board of Directors to purchase, in open market transactions, an additional approximately 877,000 shares of its common stock.

Information regarding the Company’s common stock is as follows (amounts in thousands):

 

     January 31, 
     2024   2023 
             
  Authorized shares   45,000    45,000 
  Issued shares   29,853    29,853 
  Outstanding shares   17,504    17,390