Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

9 Months Ended

Oct. 30, 2011

Stock Repurchase Program And Shares Withheld From Vested Restricted Shares [Abstract]

Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

Note 15: Stock Repurchase Program and Shares Withheld from Vested Restricted Shares

On March 4, 2008, the Company announced that its Board of Directors authorized the repurchase of up to $50 million of the Company's common stock from time to time through negotiated or open market transactions (the "2008 Program"). The 2008 Program does not have an expiration date. On August 24, 2011, the Company announced a $36 million expansion of the 2008 Program. Refer to Exhibit 99.1 of our current report on Form 8-K filed with the SEC on August 24, 2011 for the complete announcement. On November 30, 2011, the Company announced an additional $50 million expansion of the 2008 Program. Refer to Exhibit 99.1 of our current report on Form 8-K filed with the SEC on November 30, 2011 for the complete announcement.

The following table summarizes the stock repurchase activities during the period:


	Three Months Ended								Nine Months Ended
(in thousands, except number of shares)	October 30, 2011				October 31, 2010				October 30, 2011				October 31, 2010
	Shares		Value		Shares		Value		Shares		Value		Shares		Value
Shares repurchased under the 2008 Program		1,369,495	$	30,000		74,702	$	1,258		1,369,495	$	30,000		74,702	$	1,258

In addition to repurchase activities under the 2008 Program, the Company has a practice of withholding shares from vested restricted stock to pay employee payroll and income tax withholding liabilities.

The following table summarizes the shares withheld during the period:


	Three Months Ended								Nine Months Ended
(in thousands, except number of shares)	October 30, 2011				October 31, 2010				October 30, 2011				October 31, 2010
	Shares		Value		Shares		Value		Shares		Value		Shares		Value
Shares withheld from vested restricted shares		1,322	$	28		3,310	$	54		23,835	$	579		85,397	$	1,456

The Company currently intends to hold the repurchased and withheld shares as treasury stock. The Company typically reissues treasury shares to settle stock option exercises and restricted share grants.

- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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