Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 31, 2020

Accounting Policies [Abstract]

RSUs, PSUs and stock options granted during the period

The following table sets forth the RSUs and PSUs granted during the three and six months ended July 31, 2020 and 2019: 

	Three Months Ended July 31,				Six Months Ended July 31,
	2020		2019		2020		2019
RSUs	101,774		100,365		622,195		103,794
PSUs (1)	—		33,894		270,828		33,894
Total stock awards granted	101,774		134,259		893,023		137,688
Aggregate grant date fair value (in thousands)	$	750	$	2,774	$	7,957	$	2,845

(1)The weighted-average assumptions used in the Monte Carlo model for the PSUs granted on February 6, 2020 included expected volatility of 60.0%, an expected term of 3 years and risk-free interest rate of 1.42%.  No dividend yield was included in the weighted-average assumptions.

Shares outstanding for the earnings per share calculations

The following table sets forth the shares outstanding for the earnings per share calculations: 

	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands)	2020	2019	2020	2019
Weighted-average common shares outstanding - Basic	29,070,607	31,442,909	28,948,216	31,660,320
Dilutive effect of stock options, PSUs and RSUs	69,939	515,795	—	537,704
Weighted-average common shares outstanding - Diluted	29,140,546	31,958,704	28,948,216	32,198,024

Cumulative effect of the changes for adoption of ASC 326

The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as a result of the adoption of ASC 326 were as follows:

	Impact of Adoption of ASC 326
(in thousands)	Balance at January 31, 2020		Adjustments due to ASC 326		Balance at February 1, 2020
Assets
Customer accounts receivable	$	673,742	$	(49,700)	$	624,042
Long-term portion of customer accounts receivable	663,761		(48,962)		614,799
Deferred Income Taxes	18,599		22,172		40,771
Stockholders’ Equity
Retained Earnings	$	570,636	$	(76,490)	$	494,146