Capital Stock

12 Months Ended

Jan. 30, 2021

Stockholders' Equity Note [Abstract]

Repurchases of Common Stock. The company made the following repurchases during fiscal 2021 (all shares repurchased have been canceled).We did not repurchase any of our common stock during fiscal 2020 or fiscal 2019.


Period	Number of Shares Repurchased	Total Consideration (In thousands)		Average Price Per Share
Fiscal 2021	1,324,381	$	100,000	$	75.51

Fiscal 2021. On August 24, 2020 the Company announced that its Board of Directors had authorized a $100.0 million program to repurchase shares of the Company’s outstanding common stock through February 2022 in open market or private transactions. During the fourth quarter of fiscal 2021, we repurchased 1,324,381 shares of our common stock, at an average price of $75.51, for $100.0 million.

Fiscal 2019. On August 29, 2018, we announced that our Board of Directors had authorized a $150.0 million program to repurchase shares of the Company’s outstanding common stock through February 2020 in open market or private transactions. No repurchases were made under this authorization, and, as of February 2020, the authorization expired.

Restricted Stock Tax Withholdings. During fiscal 2021, fiscal 2020, and fiscal 2019, we withheld 19,081 shares, 36,426 shares, and 73,300 shares, respectively, totaling $0.7 million, $1.7 million, and $4.7 million, respectively, to meet payroll tax withholding 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 our total share repurchase authority.

Upon cancellation of shares repurchased or withheld for tax withholdings, the excess over par value is recorded as a reduction of additional paid-in capital until the balance is reduced to zero, with any additional excess recorded as a reduction of retained earnings. During fiscal 2021, $63.0 million was charged to retained earnings related to shares canceled during the fiscal year.