7.  Treasury Stock

In January 2011, the Board of Directors approved a $150.0 million share repurchase program of our common stock, which amended and increased the Company’s then existing $100.0 million share repurchase program authorized in August 2007.

During the first quarter of 2011, 1,822,340 shares at a cost of $48.8 million were repurchased at an average price per share of $26.78 under the January 2011 authorization.  During the first quarter of 2012, 861,484 shares at a cost of $33.6 million were repurchased at an average price per share of $39.01 under the January 2011 authorization.  At April 28, 2012, the remaining balance available under the January 2011 authorization was $52.6 million.

During the first quarter of 2012 and 2011, 7,041 shares and 7,132 shares, respectively, at a cost of $0.3 million and $0.2 million, respectively, were repurchased at an average price per share of $37.28 and $27.77, respectively, in private transactions to satisfy tax withholding obligations arising upon the vesting of certain restricted stock.

The following table summarizes our treasury stock repurchases (in thousands, except share data and average price per share):