Share Repurchases

12 Months Ended

Aug. 02, 2013

7. Share Repurchases

In 2013 and 2012, subject to a maximum amount as specified in the table below and the limits imposed by the Credit Facility, the Company was authorized to repurchase shares at management's discretion. Additionally, in 2011, the Company was authorized to repurchase shares to offset share dilution that resulted from the issuance of shares under its equity compensation plans up to the maximum aggregate purchase price amount as specified in the table below. In 2014, the Company has been authorized to repurchase shares at management's discretion up to a maximum aggregate purchase price of $50,000.

The following table summarizes our share repurchases for the last three years:

	2013		2012		2011
Maximum aggregate purchase price	$	100,000	$	65,000	$	65,000
Cost of shares repurchased	$	3,570	$	14,923	$	33,563
Shares of common stock repurchased		44,300		265,538		676,600