Capital Stock

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



Period	Number of Shares Repurchased	Total Consideration (In thousands)		Average Price Per Share
Fiscal 2016:
Three months ended October 24, 2015	954,224	$	69,997	$	73.35
Three months ended April 23, 2016	1,557,354	$	100,000	$	64.21

There were no shares repurchased during the three months ended October 29, 2016. 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. The additional $110.0 million spent during fiscal 2016 was for shares repurchased under authorized share repurchase programs. All shares repurchased have been canceled. Upon cancellation, the excess over par value is recorded as a reduction in additional paid-in capital until the balance is reduced to zero, with any additional excess recorded to retained earnings. As of October 29, 2016, $100.0 million authorized on April 26, 2016 remained available for repurchases through October 2017 in open market or private transactions.

Restricted Stock Tax Withholdings - During the three months ended October 29, 2016 and October 24, 2015, the Company withheld 16,290 shares and 15,301 shares, respectively, totaling $1.4 million and $1.2 million, respectively, to meet payroll tax withholdings obligations arising from the vesting of restricted share units. All shares withheld have been canceled. Shares of common stock withheld for tax withholdings do not reduce the Company’s total share repurchase authority.