Shareholders' Equity

9 Months Ended

Jan. 30, 2016

Shareholders' Equity

24. Shareholders’ Equity

On October 20, 2015, the Company’s Board of Directors authorized a new stock repurchase program of up to $50,000 of its common shares. Stock repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The repurchase program has no expiration date and may be suspended or discontinued at any time. The Company’s repurchase plan intends to comply with the requirements of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. During the 13 weeks ended January 30, 2016, the Company repurchased 1,798,962 shares at a cost of $16,489 under this plan. The maximum dollar value of common stock that may yet be purchased under this program is approximately $33,511 as of January 30, 2016. As of January 30, 2016, the Company has repurchased 36,797,336 shares at a cost of approximately $1,082,156 since the inception of the Company’s stock repurchase programs. The repurchased shares are held in treasury.