v3.26.1
Shareholders' Equity
 6 Months Ended
Jul. 31, 2026
Equity [Abstract]  
Shareholders' Equity

8. Shareholders’ Equity

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 31,

 

 

July 31,

 

 

 

2026

 

 

2025

 

 

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 six months ended July 31, 2026 and 2025, excludes excise tax incurred of $2,611 and $1,134, respectively.

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 July 31, 2026, 10,009,401 common shares were remaining under the program.

During the six months ended July 31, 2026, the Company acquired and subsequently retired 338,821 common shares at a total cost of $22,092 from employees to meet payroll tax withholding requirements on vested share-based awards. During the six months ended July 31, 2025, the Company acquired and subsequently retired 392,163 common shares at a total cost of $21,144 from employees to meet payroll tax withholding requirements on vested share-based awards.