Subsequent Event

12 Months Ended

Jan. 28, 2017

Subsequent Events [Abstract]

Subsequent Event

NOTE 22—SUBSEQUENT EVENT

On February 21, 2017, the Company’s Board of Directors authorized a stock repurchase program of up to $300 million (the “Repurchase Program”). The Company may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques such as accelerated share repurchases. The timing and amount of any transactions will be subject to the discretion of the Company based upon market conditions and other opportunities that it may have for the use or investment of its cash balances. The Repurchase Program has no expiration date, does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice. As of March 24, 2017, the Company has purchased approximately 4.9 million shares of its common stock under the Repurchase Program for $171.5 million.