Stock Repurchase Activity |
3 Months Ended | ||
|---|---|---|---|
May 04, 2019 | |||
| Stock Repurchase Activity [Abstract] | |||
| Stock Repurchase Activity |
In November 2018, the Board of Directors (Board) authorized the extension of our Stock Repurchase Program (Program) of $300.0 million to repurchase our common stock through January 29, 2022. The Program authorizes repurchases of our common stock in open market or negotiated transactions, with the amount and timing of repurchases dependent on market conditions and at the discretion of our management. In addition to the Program, we also acquire shares of our common stock from holders of restricted stock unit awards to satisfy tax withholding requirements due at vesting. Shares acquired from holders of restricted stock unit awards to satisfy tax withholding requirements do not reduce the Program authorization. During the 13 weeks ended May 4, 2019, we repurchased 230,000 shares of our common stock at a cost of $4.8 million under the Program and acquired 29,432 shares from holders of restricted stock unit awards to satisfy tax withholding requirements of $0.6 million. During the 13 weeks ended May 5, 2018, we repurchased 21,534 shares of our common stock at a cost of $0.5 million under the Program and acquired 18,765 shares from holders of restricted stock unit awards to satisfy tax withholding requirements of $0.4 million. As of May 4, 2019, we had approximately $183.2 million remaining under the Program for stock repurchases. Subsequent to May 4, 2019, we have repurchased 293,864 shares of our common stock at a cost of $6.2 million under the program as of June 28, 2019. |