Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation Plans (Tables)

v3.3.1.900
Share-Based Compensation Plans (Tables)
9 Months Ended
Oct. 31, 2015
Share-Based Compensation Plans  
Summary of DSU activity

 

The following table summarizes the activity of time-based and performance-based awards for the nine months ended October 31, 2015:

 

 

 

Units

 

Weighted-Average
Grant-Date Fair Value

 

 

 

Time-
Based

 

Performance-Based

 

Time-
Based

 

Performance- Based

 

Non-Vested at January 31, 2015

 

378,518

 

170,789

 

$

42.67

 

$

43.94

 

Granted

 

360,967

 

36,844

 

52.60

 

57.32

 

Vested (1)

 

(231,764

)

(18,977

)

43.69

 

46.41

 

Forfeited

 

(19,552

)

(20,000

)

40.17

 

33.09

 

 

 

 

 

 

 

 

 

 

 

Non-Vested at October 31, 2015

 

488,169

 

168,656

 

$

49.63

 

$

47.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)Includes 86,035 shares relinquished for tax payments related to vested deferred stock units for the nine months ended October 31, 2015.

 

 

Summary of restricted stock activity

 

The following table summarizes the activity of restricted stock for the nine months ended October 31, 2015:

 

 

 

Shares

 

Weighted-
Average
Grant-Date
Fair Value

 

Non-Vested at January 31, 2015

 

67,790

 

$

37.05

 

Granted

 

12,425

 

50.31

 

Vested

 

(44,398

)

40.25

 

Forfeited

 

(19,360

)

27.77

 

 

 

 

 

 

 

Non-Vested at October 31, 2015

 

16,457

 

$

49.37

 

 

 

 

 

 

 

 

 

 

Summary of stock option activity

 

The following table summarizes the activity of stock options for the nine months ended October 31, 2015:

 

 

 

Shares

 

Weighted-
Average
Exercise
Price

 

Outstanding at January 31, 2015

 

660,283

 

$

38.28

 

Granted

 

41,951

 

57.91

 

Exercised

 

(19,617

)

33.02

 

Forfeited

 

 

 

Expired

 

 

 

 

 

 

 

 

 

Outstanding at October 31, 2015

 

682,617

 

$

39.64

 

 

 

 

 

 

 

 

Exercisable at October 31, 2015

 

301,070

 

$

31.83

 

 

 

 

 

 

 

 

 

 

Weighted-average assumptions used to calculate fair value of stock options

 

The following table summarizes the weighted-average assumptions used to fair value stock options at the date of grant using the Black-Scholes option pricing model for the nine months ended October 31, 2015:

 

 

 

For the Nine
Months Ended

 

 

 

October 31,
2015

 

 

 

 

 

Risk-free interest rate

 

1.51 

%

Expected lives

 

5.0 years

 

Dividend yield

 

1.38 

%

Expected volatility

 

39.74 

%