Stock-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2020

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 July 31, 2020. There were no stock options granted during the three months ended April 30, 2020 or during the three and six months ended July 31, 2019.

	Three Months Ended July 31, 2020
Expected volatility		50.79	%
Expected life in years		6.0
Risk-free interest rates		0.34	%
Dividend rate		4.29	%
Weighted average fair value per option at date of grant	$	3.87

Schedule of Stock Options Activity

The following table summarizes the Company’s stock options activity during the first six months of fiscal 2021:

	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,    2020 (399,905 options exercisable)		561,110	$	28.41	$23.35-$42.12		5.2		$	-
Granted		200,000	$	12.42	$	12.42
Exercised		—
Cancelled		—
Options outstanding at July 31, 2020		761,110	$	24.21	$12.42-$42.12		6.1		$	-
Exercisable at July 31, 2020		561,110	$	28.41			4.7		$	-
Expected to vest at July 31, 2020		167,769	$	12.42				9.9	$	-

Summary of Stock Awards Activity

The following table summarizes the Company’s stock awards activity during the first six months of fiscal 2021:

	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, 2020		490,239		$	33.50	1.4	$	8,442
Units granted		89,289		$	10.02
Units vested		(203,137	)	$	25.82
Units forfeited		(28,164	)	$	30.57
Units outstanding at July 31, 2020		348,227		$	32.20	1.1	$	3,357