XML 28 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUBSEQUENT EVENT
9 Months Ended
Oct. 28, 2017
Subsequent Event  
SUBSEQUENT EVENT

NOTE 12: SUBSEQUENT EVENT

 

On December 6, 2017, the Company announced that it has cancelled its quarterly cash dividend and amended the Company’s previously authorized 2012 share repurchase program. The amended program will allow for the repurchase of up to 3.8 million shares of the Company’s outstanding Class A voting common stock (the “common stock”). Under the amended program, the common stock may be purchased through a combination of a Rule 10b5-1 automatic trading plan and discretionary purchases on the open market, block trades or in privately negotiated transactions. The amount and timing of any purchases will depend on a number of factors, including trading price, trading volume and general market conditions. No assurance can be given that any particular amount of common stock will be repurchased. This repurchase program is valid for up to two years and may be modified, extended or terminated by the Board at any time. As of the date of this filing, no shares have been repurchased under the amended program.