Stockholders' Equity

9 Months Ended

Nov. 01, 2014

Equity [Abstract]

Stockholders' Equity

6.Stockholders' Equity

On June 11, 2014, we announced that our Board of Directors ("Board") approved a 12% increase in our quarterly cash dividend rate to $0.14 per share from the previous quarterly rate of $0.125 per share. The quarterly rate of $0.14 per share is applicable to dividends declared by the Board beginning August 21, 2014. On November 20, 2014, our Board declared a quarterly cash dividend of $0.14 per share of common stock, payable on December 17, 2014 to shareholders of record at the close of business on December 2, 2014.     

Subsequent to November 1, 2014, we repurchased 171,914 shares of our common stock for approximately $2.8 million under the Board's authorization to repurchase our outstanding common stock from the proceeds and related tax benefits from the exercise of stock options, SARs and other equity grants. Purchases of shares of our common stock under this authorization may be made from time to time, either on the open market or through privately negotiated transactions and are financed by our existing cash, cash flow and other liquidity sources, as appropriate.