Stockholders' Equity

3 Months Ended

Apr. 28, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

5.           Stockholders’ Equity

The Company currently pays a quarterly cash dividend of $0.09 per share on its common stock. On May 24, 2012, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.09 per share of common stock, payable on June 20, 2012 to shareholders of record at the close of business on June 5, 2012.

In March 2011, the Company announced that the Board approved a Stock Repurchase Program which authorizes the Company to repurchase up to $200.0 million of its outstanding common stock (the “2011 Stock Repurchase Program”) from time to time, either on the open market or through privately negotiated transactions.  The 2011 Stock Repurchase Program will be financed by the Company’s existing cash, cash flow and other liquidity sources, as appropriate.   During the current year first quarter, the Company repurchased 4,400 shares for $61.6 thousand using funds available to the Company under the 2011 Stock Repurchase Program.