NOTE 5 — SHAREHOLDERS’ EQUITY

The Company’s common share repurchases and issuance activity for the three months ended April 30, 2012 is summarized as follows:


	Shares	Weighted- average price per share
Treasury stock held at January 31, 2012........................................................................................................................	18,166,761	$ 40.71
Shares of common stock repurchased under share repurchase program and other share repurchases....	853,233	$ 53.48
Shares of treasury stock reissued............................................................................................................................	(458,099)

Treasury stock held at April 30, 2012..............................................................................................................................	18,561,895	$ 41.30

In conjunction with the Company’s current $100.0 million share repurchase program, a 10b5-1 plan was executed that instructs the broker selected by the Company to repurchase shares on behalf of the Company. The amount of common stock repurchased in accordance with the 10b5-1 plan on any given trading day is determined by a formula in the plan, which is based on the market price of the Company’s common stock. Shares repurchased by the Company are held in treasury for general corporate purposes, including issuances under equity incentive and benefit plans. During the quarter ended April 30, 2012 there were 70,278 shares purchased outside of the share repurchase program related to the exercise of an employee’s equity incentives, at a weighted average price of $53.27 per share. The weighted average price per share is based on the closing price of the Company’s stock on the date of purchase. During May 2012, the Company completed the $100.0 million share repurchase program approved by the Board of Directors in December 2011, and the Board of Directors authorized an additional share repurchase program for the purchase of up to $100.0 million of the Company’s common stock.