Stock Repurchase Program

6 Months Ended

Jul. 30, 2022

Equity [Abstract]

Stock Repurchase Program

Stock Repurchase ProgramOn 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 (dollars in thousands):

	13-Weeks Ended				26-Weeks Ended
	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Common stock repurchased under the Repurchase Program	145,178		985,263		636,396		1,526,546
Aggregate cost of repurchases under the Repurchase Program	$	7,009	$	83,163	$	29,409	$	120,477
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements	—		4,125		45,993		45,245
Tax withholding requirement from holders of restricted stock unit awards	$	—	$	331	$	2,069	$	3,177

As of July 30, 2022, we had approximately $339.1 million remaining under the Repurchase Program for stock repurchases.