9. Share Repurchases and Reissuances

In March 2013, the Board approved a $200.0 million share repurchase program for our common stock. This approval amended and replaced our existing $150.0 million share repurchase program authorized by the Board in January 2011, which had a remaining authorization of $45.2 million at the time of amendment.

In July 2013, we entered into an accelerated share repurchase agreement (“ASR Agreement”) with J.P. Morgan Securities LLC (“JPMorgan”), as agent for JPMorgan Chase Bank, National Association, London Branch, to purchase $100.0 million of our common stock. In July, we paid $100.0 million to JPMorgan and received an initial delivery of 2,197,518 shares. The value of the initial shares received was approximately $85.0 million, reflecting a $38.68 price per share which was recorded as a retirement of the shares for purposes of calculating earnings per share at that time. In September 2013, JPMorgan delivered an additional 455,769 shares valued at approximately $15.0 million, reflecting a $32.91 price per share which was recorded as a retirement of the shares for purposes of calculating earnings per share and reduced our shares outstanding as of November 2, 2013.

In addition to the ASR Agreement, during the first nine months of fiscal 2013, 1,489,318 shares at a cost of $52.0 million were repurchased in open market transactions at an average price per share of $34.89 under the Board’s March 2013 authorization. At November 2, 2013, the remaining balance available under the Board’s March 2013 authorization was $48.0 million.

During the first nine 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.

During the nine months ended November 2, 2013 and October 27, 2012, 5,378 shares and 7,041 shares, respectively, at a cost of $0.2 million and $0.3 million, respectively, were repurchased at an average price per share of $30.03 and $37.28, respectively, in private transactions to satisfy tax withholding obligations arising upon the vesting of certain restricted stock.

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

	For the Nine Months Ended
	November 2, 2013		October 27, 2012

Shares repurchased	4,147,983		1,128,525
Total costs	$	152,129	$	41,296
Average price per share	$	36.68	$	36.59

For the nine months ended November 2, 2013 and October 27, 2012, 9,482 treasury shares and 6,295 treasury shares, respectively, 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 during the nine months ended November 2, 2013 and October 27, 2012 was approximately $0.3 million and $0.2 million, respectively.