Stockholders' Equity

9 Months Ended

Nov. 02, 2024

Equity [Abstract]

Stockholders' Equity

8. Stockholders’ Equity

Share Repurchase—On June 5, 2024, Zumiez Inc. approved the repurchase of up to an aggregate of $25 million of its Common Stock (the “Repurchase Program”). The repurchases will be made from time to time on the open market at prevailing market prices. The Repurchase Program is expected to continue through June 30, 2025, unless the time period is extended or shortened by the Board of Directors. As of November 2, 2024, we have used all of $25 million approved amount to repurchase common stock under the share repurchase program.

The following table summarizes common stock repurchase activity during the three months and nine months ended November 2, 2024. There were no common stock repurchases during the three months and nine months ended October 28, 2023. (in thousands, except per share amounts):

	Three Months Ended		Nine Months Ended
	November 2, 2024
Number of shares repurchased		220		1,165
Average price per share of repurchased shares (with commission)	$	25.35	$	21.46
Total cost of shares repurchased	$	5,578	$	25,000

Accumulated Other Comprehensive Loss —The components of accumulated other comprehensive loss and the adjustments to other comprehensive loss for amounts reclassified from accumulated other comprehensive loss into net income (loss) are as follows (in thousands):

	Foreign currency translation adjustments (3)			Net change in fair value of marketable debt securities			Accumulated other comprehensive losses
Three months ended November 2, 2024:
Balance at August 3, 2024	$	(16,858	)	$	(1,986	)	$	(18,844	)
Other comprehensive expense, net (1)		(100	)		(241	)		(341	)
Balance at November 2, 2024	$	(16,958	)	$	(2,227	)	$	(19,185	)
Three months ended October 28, 2023:
Balance at July 29, 2023	$	(14,330	)	$	(4,227	)	$	(18,557	)
Other comprehensive expense (income), net (1)		(6,116	)		326		$	(5,790	)
Balance at October 28, 2023	$	(20,446	)	$	(3,901	)	$	(24,347	)

	Foreign currency translation adjustments (3)			Net change in fair value of marketable debt securities			Accumulated other comprehensive losses
Nine months ended November 2, 2024:
Balance at February 3, 2024	$	(16,146	)	$	(2,881	)	$	(19,027	)
Other comprehensive expense (income), net (2)		(812	)		654			(158	)
Balance at November 2, 2024	$	(16,958	)	$	(2,227	)	$	(19,185	)
Nine months ended October 28, 2023:
Balance at January 28, 2023	$	(15,101	)	$	(4,692	)	$	(19,793	)
Other comprehensive expense (income), net (2)		(5,345	)		791		$	(4,554	)
Balance at October 28, 2023	$	(20,446	)	$	(3,901	)	$	(24,347	)

(1)Other comprehensive loss before reclassifications was $0.2 million, net of taxes for net unrealized losses on marketable securities for the three months ended November 2, 2024. Other comprehensive loss before reclassifications was $0.2 million, net of taxes for net unrealized losses on marketable for the three months ended October 28, 2023. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the three months ended November 2, 2024 and October 28, 2023, respectively.

(2)Other comprehensive income before reclassifications was $0.6 million, net of taxes for net unrealized losses on marketable securities for the nine months ended November 2, 2024. Other comprehensive income before reclassifications was $0.8 million, net of taxes for net unrealized losses on marketable securities for the nine months ended October 28, 2023. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the nine months ended November 2, 2024 and October 28, 2023, respectively.

(3)Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries.