Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Stock Units Activity

A summary of the Company’s restricted stock activity for the three months ended April 30, 2020 is as follows:

	Shares
Nonvested at January 31, 2020	574,980
Vested	(231,256	)
Canceled	(2,409	)
Nonvested at April 30, 2020	341,315

Schedule of Nonvested Performance-based Units Activity

A summary of the Company’s performance based restricted stock activity, assuming maximum achievement for nonvested awards, for the three months ended April 30, 2020 is as follows:

	Shares
Nonvested at January 31, 2020	363,563
Vested	(87,985	)
Canceled	(34,305	)
Nonvested at April 30, 2020	241,273

Pursuant to the terms of the Merger Agreement with the affiliates of Apollo Funds, upon closing of the Merger nonvested PRSU’s will be cancelled and converted into the right to receive an amount of $145 per share in cash determined as follows: (i) for PRSU’s granted during fiscal 2019, the number of shares shall equal 130% of the target shares granted and (ii) for PRSU’s granted during fiscal 2020, the number of shares shall equal 110% of the target shares granted.