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Stock-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Assumptions Used for Calculation of Fair Value of Stock Options Granted

The table below presents the weighted average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock options granted during the fiscal years ended January 31, 2018 and 2017.  There were no stock options granted during the fiscal year ended January 31, 2019.

 

 

 

Fiscal Year Ended January 31,

 

 

 

2018

 

 

2017

 

Expected volatility

 

 

46.16

%

 

 

47.81

%

Expected life in years

 

 

6.0

 

 

 

6.0

 

Risk-free interest rates

 

 

1.93

%

 

 

1.42

%

Dividend rate

 

 

1.51

%

 

 

1.01

%

Weighted average fair value per option at date of grant

 

$

9.15

 

 

$

11.17

 

Schedule of Stock Option Plan

The following table summarizes the Company’s stock option plan as of January 31, 2019 and changes during each of the fiscal years in the three-year period ended January 31, 2019:

 

 

 

Outstanding

Options

 

 

Weighted

Average

Exercise

Price per

Option

 

 

Option

Price Per

Share

 

Weighted

Average

Remaining

Contractual

Term

(years)

 

 

Aggregate

Intrinsic

Value

$(000)

 

Options outstanding at January 31,

   2016 (374,377 options exercisable)

 

 

699,600

 

 

$

30.41

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

200,346

 

 

$

26.97

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(40,588

)

 

$

25.68

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,

   2017 (482,255 options exercisable)

 

 

859,358

 

 

$

29.83

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

161,205

 

 

$

23.35

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(85,600

)

 

$

23.18

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(173,262

)

 

$

30.21

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,

   2018 (394,455 options exercisable)

 

 

761,701

 

 

$

29.12

 

 

$ 21.03-$45.02

 

 

6.3

 

 

$

2,291

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(189,941

)

 

$

30.77

 

 

$ 22.04-$42.12

 

 

 

 

 

 

 

 

Cancelled

 

 

(5,500

)

 

$

42.12

 

 

$ 42.12

 

 

 

 

 

 

 

 

Options outstanding at January 31,

   2019

 

 

566,260

 

 

$

28.43

 

 

$ 23.35-$42.12

 

 

6.2

 

 

$

2,654

 

Exercisable at January 31, 2019

 

 

264,244

 

 

$

31.89

 

 

 

 

 

4.4

 

 

$

675

 

Expected to vest at January 31,

   2019

 

 

296,611

 

 

$

25.42

 

 

 

 

 

7.8

 

 

$

1,950

 

Schedule of Information Related to Stock Option Activity

The table below presents information related to stock option activity for the years ended January 31, 2019, 2018 and 2017:

 

 

 

Fiscal Year Ended

January 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Total fair value of stock options exercised

 

$

1,912

 

 

$

454

 

 

$

212

 

Total fair value of stock options vested

 

$

803

 

 

$

1,275

 

 

$

2,021

 

Schedule of Non-vested Stock Options

A summary of the Company’s non-vested stock options at January 31, 2019 and changes during fiscal 2019 are presented below:

 

 

 

Shares

 

 

Weight Average

Grant Date Fair

Value

 

 

 

 

 

 

 

 

 

 

Non-vested stock options:

 

 

 

 

 

 

 

 

Non-vested at January 31,2018

 

 

367,246

 

 

$

10.62

 

Vested

 

 

(65,230

)

 

$

12.31

 

Non-vested at January 31,2019

 

 

302,016

 

 

$

10.25

 

 

Schedule of Transactions for Restricted Stock Units Under Plan

Transactions for stock award units under the Plan since fiscal 2016 are summarized as follows:

 

 

 

Number of

Stock Award

Units

 

 

Weighted-

Average Grant

Date Fair Value

 

 

Weighted-

Average

Remaining

Contractual

Term (years)

 

Aggregate Intrinsic Value

($(000's)

 

 

January 31, 2016

 

 

374,598

 

 

$

33.83

 

 

 

 

 

 

 

 

Units granted

 

 

187,777

 

 

$

27.76

 

 

 

 

 

 

 

 

Units vested

 

 

(170,010

)

 

$

31.85

 

 

 

 

 

 

 

 

Units forfeited

 

 

(11,207

)

 

$

34.50

 

 

 

 

 

 

 

 

January 31, 2017

 

 

381,158

 

 

$

31.71

 

 

 

 

 

 

 

 

Units granted

 

 

133,245

 

 

$

23.31

 

 

 

 

 

 

 

 

Units vested

 

 

(115,574

)

 

$

39.44

 

 

 

 

 

 

 

 

Units forfeited

 

 

(56,059

)

 

$

30.27

 

 

 

 

 

 

 

 

January 31, 2018

 

 

342,770

 

 

$

26.07

 

 

 

 

 

 

 

 

Units granted

 

 

228,310

 

 

$

39.22

 

 

 

 

 

 

 

 

Units vested

 

 

(112,170

)

 

$

27.60

 

 

 

 

 

 

 

 

Units forfeited

 

 

(11,888

)

 

$

30.82

 

 

 

 

 

 

 

 

Units outstanding at January 31, 2019

 

 

447,022

 

 

$

32.27

 

 

1.4

 

$

14,282