Stockholders' Equity

6 Months Ended

Jul. 31, 2021

8. Stockholders’ Equity

Share Repurchase—In December 2020, our Board of Directors approved the repurchase of up to an aggregate of $100 million of common stock. Repurchases may be made from time to time on the open market at prevailing market prices. This program is expected to continue through January 29, 2022, unless the time period is extended or shortened by the Board of Directors. This repurchase program supersedes all previously approved and authorized share repurchase programs. As of July 31, 2021, there remains $89.1 million available to repurchase common stock under the share repurchase program.

The following table summarizes common stock repurchase activity during the six months ended July 31, 2021 (in thousands, except per share amounts):

Number of shares repurchased		247
Average price per share of repurchased shares (with commission)	$	44.21
Total cost of shares repurchased	$	10,923

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

	Foreign currency translation adjustments			Net unrealized gains on available-for- sale debt securities		Accumulated other comprehensive income (loss)
Three months ended July 31, 2021:
Balance at May 1, 2021	$	(1,139	)	$	1,585	$	446
Other comprehensive loss, net (1)		(2,694	)		104		(2,590	)
Balance at July 31, 2021	$	(3,833	)	$	1,689	$	(2,144	)
Three months ended August 1, 2020:
Balance at May 2, 2020	$	(15,657	)	$	761	$	(14,896	)
Other comprehensive income, net (1)		10,122			1,651		11,773
Balance at August 1, 2020	$	(5,535	)	$	2,412	$	(3,123	)

	Foreign currency translation adjustments			Net unrealized gains on available-for- sale investments			Accumulated other comprehensive income (loss)
Six months ended July 31, 2021:
Balance at January 30, 2021	$	(1,407	)	$	2,346		$	939
Other comprehensive loss, net (1)		(2,426	)		(657	)		(3,083	)
Balance at July 31, 2021	$	(3,833	)	$	1,689		$	(2,144	)
Six months ended August 1, 2020:
Balance at February 1, 2020	$	(13,696	)	$	1,105		$	(12,591	)
Other comprehensive income, net (1)		8,161			1,307			9,468
Balance at August 1, 2020	$	(5,535	)	$	2,412		$	(3,123	)

(1)

Other comprehensive (loss) income is net of immaterial taxes for the three and six months ended July 31, 2021 and August 1, 2020 for net unrealized gains on available-for-sale investments. Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries.