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STOCK REPURCHASES
9 Months Ended
Sep. 30, 2011
STOCK REPURCHASES
NOTE 9:
STOCK REPURCHASES

Under our authorized stock repurchase programs, we repurchased and retired 3.0 million shares of our common stock during the thirteen weeks ended September 30, 2011 and 3.9 million shares of our common stock during the thirty-nine weeks ended September 30, 2011, for a total amount of $37 million and $50 million including commissions, respectively. On July 25, 2011, our Board of Directors approved a new program to repurchase an additional $75 million of our outstanding common stock. As of September 30, 2011, $46 million remained available for repurchase of common stock under the current authorization, which has no expiration date. We did not repurchase any common stock during 2010.

Subsequent to September 30, 2011, we repurchased 0.4 million shares of our common stock for approximately $4.6 million resulting in approximately $42 million remaining under our existing stock repurchase program.

Purchases of our common stock are not displayed separately as treasury stock on the Consolidated Balance Sheets in accordance with the Washington Business Corporation Act, which requires the retirement of purchased shares. As a result, shares of our common stock that we purchase are retired immediately. It is our policy to first record these purchases as a reduction to our Common stock account. Once the Common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our Retained earnings account.