Shareholders' Equity (Tables)

3 Months Ended

Apr. 30, 2026

Share repurchase activity under the Company's share repurchase program was as follows:


	Three Months Ended
	April 30,
	2026		2025
Number of common shares repurchased and subsequently retired		4,639,208		3,274,260
Total cost(1)	$	299,996	$	151,935
Average cost per share, including commissions	$	64.67	$	46.40

(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 three months ended April 30, 2026 and April 30, 2025, excludes excise tax incurred of $2,647 and $1,193, respectively.