Share Repurchase Plans

12 Months Ended

Feb. 03, 2024

Treasury Stock Transactions [Abstract]

Share Repurchase Plans

Note 9 — Share Repurchase Plans

On December 3, 2020, September 2, 2021 and January 6, 2022, the Company announced that its Board of Directors authorized a share repurchase plan providing for the purchase in the aggregate of up to $20.0 million, $20.0 million and $30.0 million, respectively, of the Company’s outstanding common stock. Repurchases of shares are made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases are based on a variety of factors, including stock price, regulatory limitations and other market and economic factors. The share repurchase plans do not require the Company to repurchase any specific number of shares, and the Company may terminate the share repurchase plans at any time. As of February 3, 2024, the Company had approximately $26.3 million remaining under the January 6, 2022 share repurchase plan.

The table below sets forth selected share repurchase plan information (in thousands, except share amounts) for the periods indicated:

	53 Weeks Ended February 3, 2024		52 Weeks Ended January 28, 2023		52 Weeks Ended January 29, 2022
Shares repurchased and retired		—		479,966		1,809,321
Share repurchase cost	$	—	$	6,253	$	37,287