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Stock Repurchase Program
6 Months Ended
Jul. 31, 2011
Stock Repurchase Program  
Stock Repurchase Program

NOTE K. STOCK REPURCHASE PROGRAM

In January 2011, our Board of Directors authorized a stock repurchase program to purchase up to $125,000,000 of our common stock through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate. During the thirteen weeks ended July 31, 2011, we repurchased 806,282 shares under this program at a weighted average cost of $38.75 per share and a total cost of approximately $31,246,000. During the twenty-six weeks ended July 31, 2011, we repurchased 1,566,508 shares under this program at a weighted average cost of $39.90 per share and a total cost of approximately $62,496,000. There remains an aggregate of approximately $62,504,000 available for repurchases under this stock repurchase program.

The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability and other market conditions. This stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice.