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Shareholders' Equity
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12 Months Ended |
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Feb. 02, 2013
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| Shareholders' Equity [Abstract] | |
| Stockholders' Equity Note Disclosure [Text Block] | Stockholders' Equity Prior to the Reorganization (see Note 1), the Company was a limited liability company with outstanding Class L, A, and C equity units. Certain executive management members were provided the opportunity to purchase equity ownership for a combination of cash and promissory notes payable. These 7-year promissory notes were fully-recourse to the employee, accrued interest on an arm's length rate basis, and were secured by a pledge of all equity interests purchased by the executive management member. On February 9, 2010, management promissory notes totaling $5.6 million were repaid in full by each member of management, and, therefore, interest income received by the Company in 2010 was negligible. On May, 18, 2010, the Company sold 10.5 million shares of newly-issued common stock in the IPO, raising net proceeds of approximately $160.1 million, after deducting the underwriting discount and costs incurred related to the IPO. In conjunction with the Reorganization described in Note 1, the Company’s certificate of incorporation authorized 500.0 million shares of common stock and 10.0 million shares of preferred stock. No preferred stock was issued or outstanding as of February 2, 2013 or January 28, 2012. Further, effective May 2, 2010, the Company became taxed as a corporation rather than as a partnership. In accordance with Staff Accounting Bulletin ("SAB") Topic 4B, the Company reclassified $87.2 million in undistributed losses through May 12, 2010 to additional paid-in-capital. The Company also recorded a non-cash capital contribution of $0.8 million related to certain tax assets it received. On November 30, 2010, the Board approved a special dividend of $0.56 per share of the Company's common stock, totaling $49.5 million. The special dividend was paid on December 23, 2010 to shareholders of record as of the close of business on December 16, 2010. During 2011 and 2010, the Company repurchased certain shares of common stock or equity units at cost from employees who were separated from the Company. On May 24, 2012, the Company's Board authorized the repurchase of up to $100 million of the Company's common stock ("Repurchase Program"), which may be made from time to time in open market or privately negotiated transactions. In 2012, the Company repurchased 4.0 million shares of its common stock at an average price of $16.38 per share, totaling $65.1 million, including commissions. |