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Share Repurchase
9 Months Ended
Oct. 27, 2012
Share Repurchase
NOTE 14.  Share Repurchase
 
On August 17, 2011, we announced that our Board approved the repurchase of up to $25 million of our outstanding common stock during the period ended January 28, 2012.  As of the end of fiscal 2011, we had completed the repurchase of 3,212,628 shares of our common stock under this program for approximately $25 million (excluding expenses), which represents an average price of $7.78 per share.

On June 6, 2012, we announced that our Board approved the repurchase of up to $15 million of our outstanding common stock and as of the end of the third quarter of fiscal 2012, we had not repurchased any shares of our common stock under this program. Subsequent to the third quarter of fiscal 2012, we announced that our Board approved an increase of this stock repurchase program, up to $25 million of our common stock.  Refer to “NOTE 15 – Subsequent Events” for further discussion on this increase.