Shareholders' Equity

9 Months Ended

Oct. 31, 2011

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 six months of fiscal 2012. The Company completed the $200.0 million share repurchase program during the first six months of fiscal 2012.

In August 2011, the Company's Board of Directors authorized an additional share repurchase program for up to $100.0 million of the Company's common stock. The Company completed the $100.0 million share purchase program during the quarter ended October 31, 2011.

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 nine months ended October 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		6,442,542			46.57
Shares of treasury stock reissued		(992,007	)		38.34

Treasury stock held at October 31, 2011		17,968,073			40.55