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Stock Repurchase Program
3 Months Ended
Aug. 03, 2013
Stock Repurchase Program [Abstract]  
Stock Repurchase Program
7.            Stock Repurchase Program

In November 2012, the Board of Directors (Board) authorized a Stock Repurchase Program (Program) of $250.0 million to repurchase our common stock through January 29, 2016.  The Program replaced an existing program (Former Program) and authorizes repurchases of our common stock in open market or negotiated transactions, with the amount and timing of repurchases dependent on market conditions and at the discretion of our management.

Under the Program, we repurchased 110,361 shares of our common stock during the thirteen weeks ended August 3, 2013 at a cost of $6.2 million, including 549 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $31,000.  We repurchased 209,791 shares of our common stock during the twenty-six weeks ended August 3, 2013 at a cost of $11.6 million, including 77,473 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $4.3 million.

We repurchased 176,443 shares of our common stock during the thirteen weeks ended July 28, 2012 at a cost of $10.2 million, including 8,891 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $0.5 million.  For the twenty-six weeks ended July 28, 2012, we repurchased 493,403 shares of our common stock at a cost of $27.0 million, including 68,386 shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements of $3.7 million.
 


Under all authorizations, we have repurchased a total of 12.2 million shares of our common stock at an approximate cost of $334.9 million as of August 3, 2013, and had approximately $238.1 million remaining under the Program for stock repurchase.  Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements do not reduce the authorization.