Shareholders' Equity

12 Months Ended

Jan. 31, 2012

NOTE 10 — SHAREHOLDERS' EQUITY

During fiscal 2012, the Company's Board of Directors authorized share repurchase programs for the repurchase of up to a total of $400.0 million of the Company's common stock. 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 regulatory requirements, 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 plans and the ESPP.

The Company's common share repurchase and issuance activity for fiscal 2012 and 2011 is summarized as follows:


	Shares			Weighted- average price per share
Treasury stock balance at January 31, 2010		7,776,419		$	35.90
Shares of common stock repurchased under share repurchase programs		5,084,770			39.33
Shares of treasury stock reissued		(343,651	)

Treasury stock balance at January 31, 2011		12,517,538			37.28
Shares of common stock repurchased under share repurchase programs		6,736,436			46.74
Shares of treasury stock reissued		(1,087,213	)

Treasury stock balance at January 31, 2012		18,166,761			40.71