8. TREASURY STOCK

In January 2011, the Board approved a $150.0 million share repurchase program for our common stock, which amended and increased the Company's then existing $100.0 million share repurchase program authorized in August 2007.

No shares were repurchased under the Board's authorizations during fiscal 2010. During fiscal 2011, 2,322,340 shares at a cost of $63.8 million were repurchased at an average price per share of $27.47 under the Board's authorization. During fiscal 2012, 1,121,484 shares at a cost of $41.0 million were repurchased at an average price per share of $36.59 under the Board's authorization. At February 2, 2013, the remaining balance available under the Board's authorization was $45.2 million.

In March 2013, the Board approved a $200.0 million share repurchase program for our common stock, which amended and increased the Company's then existing $150.0 million share repurchase program authorized in January 2011. Subsequent to February 2, 2013 and through March 22, 2013, we purchased 176,314 shares for $5.9 million at an average price per share of $33.48 under the Board's March 2013 authorization.

During fiscal 2012, 2011 and 2010, 7,041 shares, 7,132 shares and 7,134 shares, respectively, at a cost of $0.3 million, $0.2 million and $0.1 million, respectively, were repurchased at an average price per share of $37.28, $27.77 and $20.24, respectively, in private transactions to satisfy tax withholding obligations arising upon the vesting of certain restricted stock.

The following table summarizes our total treasury share repurchases during fiscal 2012, 2011 and 2010 (in thousands, except share data and average price per share):

	Fiscal Year

	2012		2011		2010
Shares repurchased		1,128,525		2,329,472		7,134
Total costs	$	41,296	$	63,988	$	144
Average price per share	$	36.59	$	27.47	$	20.24

The following table shows the change in our treasury shares during fiscal 2012 and 2011:



Balance, January 29, 2011	18,118,350
Purchases of treasury stock	2,329,472

Balance, January 28, 2012	20,447,822
Purchases of treasury stock	1,128,525
Reissuance of treasury stock	(6,295	)

Balance, February 2, 2013	21,570,052

The total cost of the 21,570,052 shares of treasury stock held at February 2, 2013 was $517.9 million or an average price of $24.01 per share. The total cost of the 20,447,822 shares of treasury stock held at January 28, 2012 was $476.7 million or an average price of $23.32 per share.

In June 2012, 6,295 treasury shares of our common stock were reissued pursuant to a two-year services agreement with an unrelated third party. The fair value of the common stock issued was approximately $0.2 million.