Stock-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2021

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 three months ended April 30, 2021. There were no stock options granted during the three months ended July 31, 2021 or during the three and six months ended July 31, 2020.

	Six Months Ended July 31, 2021
Expected volatility		51.61	%
Expected life in years		6.0
Risk-free interest rates		0.89	%
Dividend rate		2.90	%
Weighted average fair value per option at date of grant	$	10.23

Schedule of Stock Options Activity

The following table summarizes the Company’s stock options activity during the first six months of fiscal 2022:

	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,  2021 (561,110 options exercisable)		1,111,110		$	21.90	$12.42-$42.12			6.9	$	2,975
Granted		201,875		$	27.62	$	27.62
Exercised		(24,517	)	$	25.45	$23.35-$30.36
Cancelled		—
Options outstanding at July 31, 2021		1,288,468		$	22.73	$12.42-$42.12			7.0	$	10,271
Exercisable at July 31, 2021		548,593		$	28.29				3.8	$	1,785
Expected to vest at July 31, 2021		663,115		$	18.45				9.3	$	7,702

Summary of Stock Awards Activity

The following table summarizes the Company’s stock awards activity during the first six months of fiscal 2022:

	Number of Stock Award Units			Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value $(000's)
Units outstanding at January 31, 2021		415,994		$	29.17
Units granted		126,497		$	27.62
Units vested		(228,928	)	$	31.49
Units forfeited		—		$	—
Units outstanding at July 31, 2021		313,563		$	26.85	2.1	$	9,429