Shareholders' Equity

6 Months Ended

Jul. 31, 2011

Shareholders' Equity

Shareholders' Equity

NOTE 6 — SHAREHOLDERS' EQUITY

In March 2011, the Company's Board of Directors authorized a share repurchase program of up to $100.0 million of the Company's common stock and in June 2011, authorized a $100.0 million increase to the share repurchase program, resulting in a total share repurchase authorization of $200.0 million during the first semester of fiscal 2012. The Company completed the $200.0 million share repurchase program during the first semester of fiscal 2012. The Company's share repurchases were made on the open market through block trades or otherwise. The number of shares purchased and the timing of the purchases were based on working capital requirements, general business conditions and other factors, including alternative investment opportunities. Shares repurchased by the Company are held in treasury for general corporate purposes, including issuances under equity incentive and employee benefit plans.

The Company's common share repurchases and issuance activity for the six months ended July 31, 2011 is summarized as follows:

	Shares			Weighted- average price per share
Treasury stock held at January 31, 2011		12,517,538		$	37.28
Shares of common stock repurchased under share repurchase program		4,229,179			47.29
Shares of treasury stock reissued		(904,353	)		38.13
Treasury stock held at July 31, 2011		15,842,364			39.90

In August 2011, the Company's Board of Directors authorized a share repurchase program for up to $100.0 million of the Company's common stock.