Share Repurchase Plan

3 Months Ended

Apr. 30, 2022

Treasury Stock Transactions [Abstract]

Share Repurchase Plan

Note 8 – Share Repurchase Plan

 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 million, $20 million and $30 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 plan does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase plan at any time. As of April 30, 2022, the Company had approximately $26.3 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:

	13-Week Period Ended
	April 30, 2022		May 1, 2021
Shares repurchased and retired		479,966		47,350
Share repurchase cost	$	6,253	$	1,356