Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

12 Months Ended

Jan. 29, 2012

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

Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

Note 18. 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. On November 30, 2011, the Company announced an additional $50 million expansion of the 2008 Program.

In addition to repurchase activity under the 2008 Program, the Company typically withholds shares from vested restricted stock to pay employee payroll and income tax withholding liabilities.

The following table summarizes the stock repurchase activities and shares withheld from vested restricted shares during the fiscal years 2012, 2011 and 2010:

	Fiscal Year Ended				Fiscal Year Ended				Fiscal Year Ended
(in thousands, except number of shares)	January 29, 2012				January 30, 2011				January 31, 2010
	Shares		Value		Shares		Value		Shares		Value
Shares repurchased under the 2008 program		2,252,099	$	50,000		74,702	$	1,258		104,528	$	1,390
Shares withheld from vested restricted shares		27,427		665		89,934		1,561		101,822		1,541
Total treasury shares activities		2,279,526	$	50,665		164,636	$	2,819		206,350	$	2,931

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.