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Stockholders' Equity
6 Months Ended
Jul. 29, 2012
Stockholders' Equity [Abstract]  
Stockholders' Equity

Note 6 — Stockholders’ Equity

Share Purchase 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. During the thirteen weeks ended July 31, 2011, we purchased 1.4 million shares of our common stock for $63.0 million under the $400.0 million program. During the twenty-six weeks ended July 31, 2011, we purchased 3.9 million shares of common stock for $165.4 million under the $400.0 million program.

In June 2011, the Board of Directors approved a share purchase program authorizing the purchase of up to $450.0 million of our common stock through January 31, 2013, replacing the $400.0 million program, effective August 1, 2011. During the thirteen weeks ended July 29, 2012, we purchased 0.7 million shares of our common stock for $46.7 million under the $450.0 million program. During the twenty-six weeks ended July 29, 2012, we purchased 3.8 million shares of our common stock for $221.6 million, under the $450.0 million program. Since the inception of the share purchase authorization in June 2011, we have purchased 7.5 million shares of our common stock for $393.1 million. As of July 29, 2012, $56.9 million remained available under the $450.0 million program.

In June 2012, the Board of Directors approved a share purchase program authorizing the purchase of up to $525.0 million of our common stock through January 31, 2014. This new share purchase authorization commenced on July 30, 2012, and is in addition to the unused amount remaining under the $450.0 million program.

 

Dividends

During the twenty-six weeks ended July 29, 2012, the Board of Directors declared the following dividends:

 

                         

Date Declared

  Dividend Amount
per Share
    Stockholders of
Record Date
    Payment Date  

March 14, 2012

  $ 0.14       April 27, 2012       May 11, 2012  

June 13, 2012

  $ 0.165       July 27, 2012       August 10, 2012