Equity and Non-Controlling Interest

9 Months Ended

Nov. 02, 2013

Equity and Non-Controlling Interest

Equity and Non-Controlling Interest

7.  Equity and Non-Controlling Interest

On October 9, 2013, the Board of Directors (the “Board”) declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of our common stock.  The dividend was payable on October 21, 2013 (the “Record Date”) to shareholders of record as of the close of business on that date.  Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share (the “Preferred Shares”), of the Company at a price of $160.00 per one-thousandth of a Preferred Share, subject to adjustment.  The description and terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”) dated as of October 10, 2013, between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent (the “Rights Agent”).  The Rights become exercisable in the event any person or group acquires 10% (or 15% in the case of a passive institutional investor) or more of our common stock or following the commencement of, or announcement of an intention to make, a tender offer or exchange offer of the Company’s common stock, and until such time are inseparable from and trade with the Company’s common stock.  The Rights Agreement expires on September 30, 2014 unless the Rights are earlier redeemed or exchanged by the Company.

A reconciliation of the total carrying amount of our equity accounts for the nine months ended November 2, 2013 is as follows (in thousands):

	Common Stock			Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Non- ControllingInterest		Total Equity
BALANCES — February 2, 2013	$	725		$	386,254		$	1,190,246		$	36,924		$	(517,894	)	$	1,096,255		$	12,980	$	1,109,235
Net earnings	—			—			114,238			—			—			114,238			174		114,412
Other comprehensive (loss) income	—			—			—			(5,864		)	—			(5,864		)	174		(5,690		)
Cash dividends	—			—			(26,566		)	—			—			(26,566		)	—		(26,566		)
Share-based compensation	—			12,718			—			—			—			12,718			—		12,718
Common stock issued under share-based award plans and to stock discount plan	6			8,285			—			—			—			8,291			—		8,291
Tax payments related to vested deferred stock units	—			(3,865		)	—			—			—			(3,865		)	—		(3,865		)
Tax benefit related to share-based plans	—			1,026			—			—			—			1,026			—		1,026
Treasury stock reissued	—			88			—			—			231			319			—		319
Repurchases of common stock	(27		)	—			(99,973		)	—			(52,129		)	(152,129		)	—		(152,129		)
BALANCES — November 2, 2013	$	704		$	404,506		$	1,177,945		$	31,060		$	(569,792	)	$	1,044,423		$	13,328	$	1,057,751

A reconciliation of the total carrying amount of our equity accounts for the nine months ended October 27, 2012 is as follows (in thousands):

	Common Stock		Capital in Excess of Par			Retained Earnings			Accumulated Other Comprehensive Income		Treasury Stock, at Cost			Total Equity Attributable to Common Shareholders			Non- Controlling Interest		Total Equity
BALANCES — January 28, 2012	$	718	$	362,735		$	1,095,535		$	36,921	$	(476,749	)	$	1,019,160		$	12,659	$	1,031,819
Net earnings	—		—			135,120			—		—			135,120			99		135,219
Other comprehensive income	—		—			—			3,814		—			3,814			294		4,108
Cash dividends	—		—			(27,733		)	—		—			(27,733		)	—		(27,733		)
Share-based compensation	—		12,172			—			—		—			12,172			—		12,172
Common stock issued under share-based award plans and to stock discount plan	7		6,911			—			—		—			6,918			—		6,918
Tax payments related to vested deferred stock units	—		(4,421		)	—			—		—			(4,421		)	—		(4,421		)
Tax benefit related to share-based plans	—		2,676			—			—		—			2,676			—		2,676
Treasury stock reissued	—		26			—			—		151			177			—		177
Repurchases of common stock	—		—			—			—		(41,296		)	(41,296		)	—		(41,296		)
BALANCES — October 27, 2012	$	725	$	380,099		$	1,202,922		$	40,735	$	(517,894	)	$	1,106,587		$	13,052	$	1,119,639