XML 43 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent event
6 Months Ended
Aug. 03, 2012
Subsequent event  
Subsequent event

11.                               Subsequent event

 

On August 29, 2012, the Company’s Board of Directors authorized a $500 million common stock repurchase program in addition to the program discussed in Note 2. The repurchase authorization has no expiration date and allows repurchases from time to time in the open market or in privately negotiated transactions, which could include repurchases from Buck Holdings, L.P. or other related parties if appropriate. The timing and number of shares purchased depends on a variety of factors, such as price, market conditions and other factors. Repurchases under the program may be funded from available cash or borrowings under the ABL Facility discussed in Note 5.