Shareholders' Equity

12 Months Ended

Jan. 31, 2017

Equity [Abstract]

Shareholders' Equity

NOTE 10 — SHAREHOLDERS' EQUITY

During fiscal 2015, the Company’s Board of Directors authorized a share repurchase program for the repurchase of up to a total of $100.0 million of the Company’s common stock. During the first quarter of fiscal 2016, the Company completed this share repurchase program. Additionally, in June 2015, the Company's Board of Directors authorized an additional share repurchase program of up to $100.0 million of the Company's common stock. The Company completed this share repurchase program in fiscal 2016. There were no shares repurchased by the Company during the year ended January 31, 2017.

The Company’s common share repurchase and issuance activity for fiscal 2017 and 2016 is summarized as follows:

	Shares		Weighted- average price per share
Treasury stock balance at January 31, 2015	21,866,069		$	42.95
Shares of common stock repurchased under share repurchase program	2,497,029		58.87
Shares of treasury stock reissued	(199,696	)
Treasury stock balance at January 31, 2016	24,163,402		44.59
Shares of treasury stock reissued	(144,419	)
Treasury stock balance at January 31, 2017	24,018,983		$	44.59