Capital Stock

Repurchases of Common Stock - The Company made the following share repurchases during fiscal 2015 and fiscal 2016:



Period	Number of Shares Repurchased	Total Consideration (Dollars in thousands)		Average Price Per Share
Fiscal 2015	1,669,924	$	87,146	$	52.19
Six months ended January 23, 2016	954,224	$	69,997	$	73.35

Shares repurchased during the six months ended January 23, 2016 includes shares repurchased in connection with the Notes offering in September 2015. The Company used approximately $60.0 million of the net proceeds from the Notes to repurchase 805,000 shares of its common stock from the initial purchasers of the Notes in privately negotiated transactions at a price of $74.53 per share, the closing price of Dycom's common stock on September 9, 2015. All shares repurchased have been canceled. On August 25, 2015, the Company announced that its Board of Directors authorized an additional $50.0 million to repurchase shares of the Company's outstanding common stock through February 2017 in open market or private transactions. As of January 23, 2016, $50.0 million remained available for share repurchases under this authorization. On February 23, 2016, the Company announced that its Board of Directors authorized an additional $50 million to repurchase shares of the Company's outstanding common stock through August 2017 in open market or private transactions. In connection with this authorization, the Company’s Board of Directors also extended for an additional six months the previous eighteen month term of its $50 million share repurchase program authorized on August 25, 2015. As of February 25, 2016, the Company now has up to $100 million authorized for repurchases of the Company’s common stock through August 2017, the entirety of which remained available for repurchase as of February 25, 2016.

Restricted Stock Tax Withholdings - During the six months ended January 23, 2016 and January 24, 2015, the Company withheld 156,362 shares and 138,535 shares, respectively, totaling $12.1 million and $4.3 million, respectively, to meet payroll tax withholdings obligations arising from the vesting of restricted share units. All shares withheld have been canceled. Shares withheld for tax withholdings do not reduce the Company's total share repurchase authority.