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Common Stock
12 Months Ended
Jan. 30, 2016
Equity [Abstract]  
Common Stock
Common Stock
On September 9, 2014, the Company’s board of directors approved a share repurchase program (the “2014 Share Repurchase Program”) authorizing up to $40.0 million of repurchases of shares of the Company's common stock through October 2016. The 2014 Share Repurchase Program was completed in August 2015. On December 8, 2015, the Company's board of directors approved another share repurchase program (the “2015 Share Repurchase Program”) authorizing up to $50.0 million of repurchases of shares of the Company's common stock. The 2015 Share Repurchase Program expires in December 2017.
The Company purchased and held 2,481,367 shares at an average price of $12.57 per share, excluding commissions, for an aggregate amount of $31.2 million during the fiscal year ended January 30, 2016. Of these purchases, 283,354 shares at an average price of $14.64 per share, for an aggregate amount of $4.1 million, were purchased under the 2015 Share Repurchase Plan. As of January 30, 2016, there was $45.9 million remaining available to repurchase shares of the Company's common stock under the 2015 Share Repurchase Program.
As of January 30, 2016, the Company held as treasury shares 3,102,352 shares of its common stock at an average price of $14.23 per share, excluding commissions, for an aggregate carrying amount of $44.1 million. The Company’s treasury shares may be issued under the 2010 Equity and Incentive Plan or for other corporate purposes.