Stockholders' Equity |
3 Months Ended | ||||||||||||||||||||||||||||||
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Apr. 29, 2023 | |||||||||||||||||||||||||||||||
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| Stockholders' Equity |
Share Repurchase Program On November 28, 2017, the Company's Board of Directors ("Board") approved a share repurchase program that authorizes the Company to repurchase up to $150.0 million of the Company’s outstanding common stock using available cash (the "Repurchase Program"). The Company may repurchase shares on the open market, including through Rule 10b5-1 plans, in privately negotiated transactions, through block purchases, or otherwise in compliance with applicable laws, including Rule 10b-18 of the Exchange Act of 1934. The timing and amount of stock repurchases will depend on a variety of factors, including business and market conditions as well as corporate and regulatory considerations. The share repurchase program may be suspended, modified, or discontinued at any time and the Company has no obligation to repurchase any amount of its common stock under the program. During the thirteen weeks ended April 29, 2023 and April 30, 2022, the Company did not repurchase any shares of its common stock. As of April 29, 2023, the Company had approximately $34.2 million remaining under this Board authorization.
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