XML 45 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCK REPURCHASE PROGRAM
12 Months Ended
Nov. 01, 2015
Equity [Abstract]  
STOCK REPURCHASE PROGRAM
STOCK REPURCHASE PROGRAM
Our board of directors has authorized a stock repurchase program. Subject to applicable federal securities law, such purchases occur at times and in amounts that we deem appropriate. Although we did not repurchase any shares of our common stock during fiscal 2015 and 2014, we did withhold shares of restricted stock to satisfy the minimum tax withholding obligations arising in connection with the vesting of awards of restricted stock, which are included in treasury stock purchases in the Consolidated Statements of Stockholders’ Equity. At November 1, 2015, there were 0.1 million shares remaining authorized for repurchase under the program. While there is no time limit on the duration of the program, our Credit Agreement and Amended ABL Facility apply certain limitations on our repurchase of shares of our common stock.
Changes in treasury common stock, at cost, were as follows (in thousands):
 
Number of
Shares
 
Amount
Balance, November 3, 2013
8

 
$
116

Purchases
1,381

 
23,804

Retirements
(1,150
)
 
(19,717
)
Balance, November 2, 2014
239

 
$
4,203

Purchases
209

 
3,320

Retirements

 

Balance, November 1, 2015
448

 
$
7,523