Stock Repurchase Program

9 Months Ended

Oct. 28, 2023

Our Board of Directors (the "Board") has authorized a stock repurchase program (the "Repurchase Program") since August 2004; replacing, amending, renewing and extending the Repurchase Program periodically. In the most recent amendment in May 2021, the Board authorized an expansion of the Repurchase Program by $500.0 million to a total of $800.0 million to

repurchase our common stock through February 1, 2025.

The Repurchase Program 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. In addition to the Repurchase Program, we also acquire shares of our common stock from holders of restricted stock unit awards to satisfy withholding tax requirements due at vesting. Neither excise taxes nor the cost of shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements reduces the authorized amount of repurchases under the Repurchase Program.

The number of shares repurchased under the Repurchase Program and acquired from holders of restricted stock unit awards to satisfy tax withholding requirements were as follows (dollars in thousands):


	13-Weeks Ended				39-Weeks Ended
	October 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
Common stock repurchased under the Repurchase Program	707,621		160,637		1,162,130		797,033
Aggregate cost of repurchases under the Repurchase Program	$	31,999	$	9,049	$	53,211	$	38,458
Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements	373		208		47,550		46,201
Tax withholding requirement from holders of restricted stock unit awards	$	17	$	12	$	2,849	$	2,081
Excise tax on stock repurchases	$	314	$	—	$	429	$	—

As of October 28, 2023, we had approximately $276.9 million remaining under the Repurchase Program for stock repurchases.