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Share Based Compensation (Tables)
12 Months Ended
Jan. 31, 2012
Share-based Compensation [Abstract]  
The compensation cost and related income tax benefit for these plans
The compensation cost and related income tax benefit for these plans were as follows:
 
 
For the years ended January 31
 
 
2012
 
2011
 
2010
Stock compensation cost
 
$
1,922

 
$
1,179

 
$
1,034

Tax benefit
 
547

 
272

 
185

Weighted average assumptions by grant year
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model, with the following weighted average assumptions by grant year:
 
 
For the years ended January 31
 
 
2012
 
2011
 
2010
Risk-free interest rate
 
0.67
%
 
1.46
%
 
2.03
%
Expected dividend yield
 
1.20
%
 
1.49
%
 
1.73
%
Expected volatility factor
 
51.44
%
 
49.33
%
 
49.69
%
Expected option term (in years)
 
4.00

 
4.50

 
4.50

 
 
 
 
 
 
 
Weighted average grant date fair value
 
$
22.11

 
$
15.70

 
$
11.28

Outstanding stock options
Outstanding stock options as of January 31, 2012 and activity for the year then ended are presented below:
 
 
Number
of options
 
Weighted
average exercise price
 
Aggregate
intrinsic
value
 
Weighted
average
remaining
contractual
term
(years)
Outstanding, January 31, 2011
 
445

 
$
33.86

 
 
 
 
Granted
 
136

 
59.99

 
 
 
 
Exercised
 
(84
)
 
29.74

 
 
 
 
Forfeited
 
(1
)
 
28.01

 
 
 
 
Outstanding, January 31, 2012
 
496

 
$
41.73

 
$
11,474

 
3.27

 
 
 
 
 
 
 
 
 
Exercisable, January 31, 2012
 
181

 
$
32.04

 
$
5,956

 
2.16

Outstanding stock units
Outstanding stock units as of January 31, 2012 and changes during the year then ended are presented below:
 
 
Number
of units
 
Weighted
average price
Outstanding, January 31, 2011
 
27

 
$
47.24

Granted
 
3

 
51.89

Deferred retainers
 
1

 
51.89

Dividends
 
1

 
58.62

Converted into common shares
 
(7
)
 
56.82

Outstanding, January 31, 2012
 
25

 
$
64.89