Stock Repurchase Programs

6 Months Ended

Aug. 04, 2018

Schedule of Share Repurchase Program Activity [Abstract]

Stock Repurchase Program

The Company's Board of Directors has authorized the Company to repurchase the Company’s Class A Common Stock pursuant to open-ended stock repurchase plans. These authorizations permit the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. The authorizations have no expiration date.

The following is a summary of share repurchase activity for the periods indicated (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	August 4, 2018		July 29, 2017		August 4, 2018		July 29, 2017
Cost of shares repurchased	$	3,063	$	69,508	$	37,879	$	160,642
Number of shares repurchased	39		1,390		518		3,084
Average price per share	$	77.75	$	50.00	$	73.15	$	52.08

All repurchases of the Company’s Class A Common Stock above were made at the market price at the trade date. Accordingly, all amounts paid to reacquire these shares were allocated to treasury stock. During the six months ended August 4, 2018, the Company completed the authorized purchases under the February 2016 $500 million stock repurchase plan. In March 2018, the Company's Board of Directors authorized a new $500 million stock repurchase plan (the "March 2018 Plan"). As of August 4, 2018, $496.9 million of authorization remained under the March 2018 Plan.