Stock Repurchase Program

3 Months Ended

Apr. 30, 2022

Equity [Abstract]

Stock Repurchase Program

Stock Repurchase Program

On May 26, 2021, the Board of Directors (the "Board") authorized the expansion and extension of our existing Stock Repurchase Program (the "Repurchase Program") by $500.0 million to a total of $800.0 million to repurchase our common stock through February 1, 2025. The Repurchase Program's original authorization was approved in November 2015 in the amount of $300.0 million and, prior to the Board's action, was scheduled to expire on January 29, 2022.

The number of shares repurchased under the Repurchase Program and acquired from holders of restricted stock unit awards to satisfy tax withholding requirements were as follows:

	13-Weeks Ended
	April 30, 2022		May 1, 2021
Common stock repurchased under the Repurchase Program	491,218		541,283
Aggregate cost of repurchases under the Repurchase Program (in thousands)	$	22,399	$	37,314
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements	45,993		41,120
Tax withholding requirement from holders of restricted stock unit awards (in thousands)	$	2,069	$	2,846

As of April 30, 2022, we had approximately $346.1 million remaining under the Repurchase Program for stock repurchases.