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Shareholders' Equity
3 Months Ended
Jul. 28, 2018
Shareholders' Equity

16. Shareholders’ Equity

On October 20, 2015, the Company’s Board of Directors authorized a stock repurchase program (prior repurchase plan) of up to $50,000 of its common shares. On March 15, 2017, subsequent to completing the prior repurchase plan, 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 new stock 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 10b-18 under the Securities Exchange Act of 1934, as amended. The Company did not repurchase shares under this plan during the 13 weeks ended July 28, 2018 and July 29, 2017. The Company has remaining capacity of $50,000 under the new repurchase program as of July 28, 2018.

 

As of July 28, 2018, the Company has repurchased 39,716,411 shares at a cost of approximately $1,087,778 since the inception of the Company’s stock repurchase programs. The repurchased shares are held in treasury.