Note K – Stock Repurchase Program

During 1998, the Company announced a program permitting the Company to repurchase a portion of its outstanding shares not to exceed a dollar maximum established by the Board. The program was last amended on June 11, 2013 to increase the repurchase authorization to $13.40 billion from $12.65 billion. From January 1998 to August 31, 2013, the Company has repurchased a total of 134.6 million shares at an aggregate cost of $12.93 billion.

The Company’s share repurchase activity consisted of the following:


	Year Ended
(in thousands)	August 31, 2013		August 25, 2012		August 27, 2011

Amount	$	1,387,315	$	1,362,869	$	1,466,802
Shares		3,511		3,795		5,598

During the fiscal year 2013, the Company retired 3.9 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1,362.2 million and decreased Additional paid-in capital by $75.7 million. During the comparable prior year period, the Company retired 4.9 million shares of treasury stock, which increased Retained deficit by $1,319.6 million and decreased Additional paid-in capital by $72.5 million.

Subsequent to August 31, 2013, the Company has repurchased 355,150 shares of common stock at an aggregate cost of $149.8 million.