Treasury Stock

6 Months Ended

Jul. 28, 2012

Treasury Stock

Treasury Stock

7.    Treasury Stock

We repurchase shares of our common stock primarily through open market transactions under a $150.0 million share repurchase program authorized by our Board of Directors in January 2011.

During the first six months of fiscal 2011, 1,822,340 shares at a cost of $48.8 million were repurchased at an average price per share of $26.78 under the January 2011 authorization.  During the first six months of 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 January 2011 authorization.  At July 28, 2012, the remaining balance available under the January 2011 authorization was $45.2 million.

During the six months ended July 28, 2012 and July 30, 2011, 7,041 shares and 7,132 shares, respectively, at a cost of $0.3 million and $0.2 million, respectively, were repurchased at an average price per share of $37.28 and $27.77, respectively, in private transactions to satisfy tax withholding obligations arising upon the vesting of certain restricted stock.

The following table summarizes our common stock repurchases (in thousands, except share data and average price per share):

	For the Six Months Ended
	July 28, 2012		July 30, 2011
Shares repurchased	1,128,525		1,829,472
Total costs	$	41,296	$	48,999
Average price per share	$	36.59	$	26.78

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.