Stockholders' Equity

12 Months Ended

Jan. 30, 2021

13. Stockholders’ Equity

Share Repurchase— In December 2019, our Board of Directors approved the repurchase of up to an aggregate of $100 million of common stock. Repurchases of $13.4 million were made in the year ended January 30, 2021 before the share repurchase was suspended in March 2020 in response to the COVID-19 pandemic. In December 2020, our Board of Directors approved the repurchase of up to an aggregate of $100 million of common stock. This repurchase authorization replaces the previously approved repurchase program and is expected to continue through January 29, 2022, unless the time period is extended or shortened by the Board of Directors. Repurchases may be made from time to time on the open market at prevailing market prices.

The following table summarizes common stock repurchase activity during the fiscal year ended January 30, 2021 (in thousands, except per share amounts):

Number of shares repurchased		694
Average price per share of repurchased shares (with commission)	$	19.31
Total cost of shares repurchased	$	13,417

Accumulated Other Comprehensive Income (Loss)—The component of accumulated other comprehensive income (loss) and the adjustments to other comprehensive income (loss) for amounts reclassified from accumulated other comprehensive income (loss) into net income is as follows (in thousands):

	Foreign currency translation adjustments			Net unrealized gains (losses) on available-for- sale investments			Accumulated other comprehensive (loss) income
Balance at February 3, 2018	$	109		$	(74	)	$	35
Other comprehensive income, net (1)		(9,379	)		120			(9,259	)
Balance at February 2, 2019	$	(9,270	)	$	46		$	(9,224	)
Other comprehensive loss, net (1)		(4,426	)		1,059			(3,367	)
Balance at February 1, 2020	$	(13,696	)	$	1,105		$	(12,591	)
Other comprehensive loss, net (1)		12,289			1,241			13,530
Balance at January 30, 2021	$	(1,407	)	$	2,346		$	939

(1)

Other comprehensive loss before reclassifications was $1.7 million, net of taxes for net unrealized gains (losses) on available-for-sale investments for the fiscal years ended January 30, 2021 and February 1, 2020 and $0.5 million and $0.6 million, net of taxes for net unrealized gains (losses) reclassified from accumulated other comprehensive income (loss) for the fiscal years ended January 30, 2021 and February 1, 2020, respectively. Other comprehensive loss before reclassifications is net of taxes of less than $0.1 million for the fiscal year ended February 2, 2019 for both net unrealized gains (losses) on available-for-sale investments and accumulated other comprehensive income (loss). Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries.