v3.26.1
Shareholders' Equity
 12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Shareholders' Equity

12. Shareholders’ Equity

Share repurchase activity under the Company’s share repurchase programs is as follows:

 

Fiscal Year Ended January 31,

 

 

2026

 

 

2025

 

Number of common shares repurchased and subsequently retired

 

 

3,307,781

 

 

 

1,200,000

 

Total cost(1)

 

$

153,946

 

 

$

52,262

 

Average cost per share, including commissions

 

$

46.54

 

 

$

43.55

 
(1)
Under the Inflation Reduction Act, the Company's share repurchases, net of issuances, are subject to a 1% excise tax. The total cost of share repurchases during the year ended January 31, 2026, excludes excise tax incurred of $1,130.

On June 4, 2019, the Company’s Board of Directors authorized the repurchase of 20,000,000 common shares under a share repurchase program. As of January 31, 2026, 14,648,609 common shares were remaining under the program.

Subsequent to January 31, 2026, the Company repurchased and subsequently retired a total of 4,639,208 common shares for approximately $299,996, at an average price of $64.67 per share, including commissions.

In addition to the common shares repurchased under the share repurchase programs, during fiscal 2026 and 2025, the Company acquired and subsequently retired 403,691 and 366,136 common shares at a total cost of $21,954 and $15,402, respectively, from employees to meet payroll tax withholding requirements on vested share-based awards.