Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

9 Months Ended

Oct. 28, 2012

Equity [Abstract]

Stock Repurchase Program And Shares Withheld From Vested Restricted Shares

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 periods indicated:

(in thousands, except number of shares)	Three Months Ended						Nine Months Ended
	October 28, 2012			October 30, 2011			October 28, 2012			October 30, 2011
	Shares	Value		Shares	Value		Shares	Value		Shares	Value
Shares repurchased under the 2008 Program	—	$	—	1,369,495	$	30,000	—	$	—	1,369,495	$	30,000
Shares withheld from vested restricted shares	—	—		1,322	28		9,696	269		23,835	579
Total treasury shares activities	—	$	—	1,370,817	$	30,028	9,696	$	269	1,393,330	$	30,579

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.