Stockholders' Equity

3 Months Ended

May 01, 2011

Stockholders' Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 7 — STOCKHOLDERS’ EQUITY

     Share Purchase Program

     In June 2009, the Board of Directors approved a share purchase program authorizing the purchase of up to $350.0 million of our common stock through January 29, 2012. During the thirteen weeks ended May 2, 2010, we purchased 3.4 million shares of common stock for $107.1 million under this $350.0 million program.

     In June 2010, the Board of Directors approved a share purchase program authorizing the purchase of up to $400.0 million of our common stock through January 29, 2012, replacing the $350.0 million program. During the thirteen weeks ended May 1, 2011, we purchased 2.5 million shares of common stock for $102.4 million under the $400.0 million program. Since the inception of the share purchase authorization in June 2010, we have purchased 6.7 million shares of common stock for $258.6 million. As of May 1, 2011, $141.4 million remained available under the $400.0 million program.

     Dividends

     On March 23, 2011, the Board of Directors declared a quarterly cash dividend of $0.125 per share payable on May 13, 2011 to stockholders of record on April 29, 2011.