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Share Repurchase Plan
12 Months Ended
Jan. 30, 2021
Treasury Stock Transactions [Abstract]  
Share Repurchase Plan

Note 10 — Share Repurchase Plan

On August 22, 2017, the Company announced that its Board of Directors authorized a share repurchase plan providing for the purchase in the aggregate of up to $10 million of the Company’s outstanding common stock. This share repurchase plan was completed during the third quarter of fiscal 2018. On September 24, 2018, the Company announced that its Board of Directors authorized a new share repurchase plan providing for the purchase in the aggregate of up to $10 million of the Company’s outstanding common stock. This share repurchase plan was completed during the fourth quarter of fiscal 2020. On December 3, 2020, the Company announced that its Board of Directors authorized a new share repurchase plan providing for the purchase in the aggregate of up to $20 million 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 plan does not require the Company to repurchase any specific number of shares, and the Company may terminate the share repurchase plan at any time. As of January 30, 2021, the Company had approximately $19.8 million remaining under the current share repurchase plan. The table below sets forth selected share repurchase plan information (in thousands, except share amounts) for the periods indicated:

 

 

 

52 Weeks Ended January 30, 2021

 

 

52 Weeks Ended February 1, 2020

 

 

52 Weeks Ended February 2, 2019

 

Shares repurchased and retired

 

 

9,926

 

 

 

807,275

 

 

 

1,650,748

 

Share repurchase cost

 

$

178

 

 

$

3,657

 

 

$

15,717