STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jan. 31, 2019

STOCK-BASED COMPENSATION

Schedule of stock option activity under the Company's stock plans

Summaries of stock option activity under the Company’s stock option plans for Fiscal 2019, 2018 and 2017, along with corresponding weighted average per share amounts, are presented below (shares in thousands):

		Exercise		Remaining
	Shares	Price		Term (years)	Fair Value
Outstanding, February 1, 2016	1,064	$	26.38	6.36	$	6.91
Granted	270	$	57.88
Exercised	(622)	$	25.57
Forfeited	(5)	$	36.73
Outstanding, January 31, 2017	707	$	39.04	7.82	$	10.22
Granted	302	$	53.49
Exercised	(110)	$	28.81
Forfeited	(10)	$	71.75
Outstanding, January 31, 2018	889	$	44.83	7.91	$	11.74
Granted	257	$	40.54
Exercised	(6)	$	17.19
Outstanding, January 31, 2019	1,140	$	44.01	7.54	$	11.22
Exercisable, January 31, 2019	765	$	44.82	5.97	$	11.79

Schedule of changes in the number of non-vested options to purchase shares of common stock

The changes in the number of non-vested options to purchase shares of common stock for Fiscal 2019, 2018 and 2017, and the weighted average fair value per share for each number, are presented below (shares in thousands):

	Shares	Fair Value
Non-vested, February 1, 2016	300	$	8.97
Granted	270	$	14.93
Vested	(300)	$	8.97
Non-vested, January 31, 2017	270	$	14.93
Granted	302	$	13.55
Vested	(260)	$	15.31
Forfeitures	(10)	$	19.14
Non-vested, January 31, 2018	302	$	13.55
Granted	257	$	9.31
Vested	(184)	$	14.75
Non-vested, January 31, 2019	375	$	10.05

Summary of assumptions used to estimate fair value of stock options granted

	2019		2018		2017
Dividend yield	2.5	%	1.7	%	1.4	%
Expected volatility	34.5	%	37.3	%	34.6	%
Risk-free interest rate	2.7	%	1.8	%	1.7	%
Expected life (in years)	3.3		3.3		4.2