Note K – Stock Repurchase Program

During 1998, the Company announced a program permitting the Company to repurchase a portion of its outstanding shares not to exceed a dollar maximum established by the Board. The program was last amended on June 17, 2014 to increase the repurchase authorization to $14.9 billion from $14.15 billion. From January 1998 to August 30, 2014, the Company has repurchased a total of 136.9 million shares at an aggregate cost of $14.031 billion.

The Company’s share repurchase activity consisted of the following:


	Year Ended
(in thousands)	August 30, 2014		August 31, 2013		August 25, 2012

Amount	$	1,099,212	$	1,387,315	$	1,362,869
Shares		2,232		3,511		3,795

During the fiscal year 2014, the Company retired 3.2 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1.220 billion and decreased Additional paid-in capital by $74.0 million. During the comparable prior year period, the Company retired 3.9 million shares of treasury stock, which increased Retained deficit by $1.362 billion and decreased Additional paid-in capital by $75.7 million.

Subsequent to August 30, 2014, the Company has repurchased 374,601 shares of common stock at an aggregate cost of $190.9 million.