SHAREHOLDERS' EQUITY

6 Months Ended

Jul. 31, 2012

NOTE 5 — SHAREHOLDERS’ EQUITY

The Company’s common share repurchases and issuance activity for the six months ended July 31, 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 programs and other shares acquired		3,823,217	$	49.39
Shares of treasury stock reissued		(505,686)

Treasury stock held at July 31, 2012		21,484,292	$	42.25

During the first semester of fiscal 2013, the Company completed both of the $100.0 million share repurchase programs approved by the Board of Directors in May 2012 and November 2011. In conjunction with the Company’s share repurchase programs, 10b5-1 plans were executed that instruct the brokers selected by the Company to repurchase shares on behalf of the Company. The amount of common stock repurchased in accordance with the 10b5-1 plans 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. The reissuance of shares from treasury stock is based on the weighted average purchase price of the shares.