Shareholders' Equity

6 Months Ended

Oct. 29, 2016

Shareholders' Equity

22. Shareholders’ Equity

On October 20, 2015, the Company’s Board of Directors authorized a new stock repurchase program of up to $50,000 of its common shares. Stock repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The repurchase program has no expiration date and may be suspended or discontinued at any time. The Company’s repurchase plan is intended to comply with the requirements of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. During the 13 and 26 weeks ended October 29, 2016, the Company repurchased 878,195 shares at a cost of $10,045 and 1,708,778 shares at a cost of $19,788, respectively, under this plan. The Company had remaining capacity of approximately $3,494 under this program as of October 29, 2016. As of October 29, 2016, the Company has repurchased 39,741,262 shares at a cost of approximately $1,084,812 since the inception of the Company’s stock repurchase programs. The repurchased shares are held in treasury.