Stockholders' Equity

9 Months Ended

Oct. 31, 2015

Equity [Abstract]

Stockholders' Equity

5.Stockholders' Equity

On June 16, 2015, we announced that our Board of Directors ("Board") approved a 7% increase in our quarterly cash dividend rate to $0.15 per common share from the previous quarterly rate of $0.14 per common share. The new quarterly rate of $0.15 per common share is applicable to dividends declared by our Board beginning August 20, 2015. On November 19, 2015, our Board declared a quarterly cash dividend of $0.15 per share of common stock, payable on December 16, 2015 to shareholders of record at the close of business on December 1, 2015.

On November 19, 2015, we announced that our Board approved the resumption of the $200.0 million share repurchase program authorized in March 2011. As of the end of the third quarter, we had $99.9 million available under the program.