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Stockholders' Equity | 12 Months Ended
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Feb. 01, 2025
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders' Equity Common Stock, Class B Common Stock and Preferred Stock The Company’s Amended and Restated Certificate of Incorporation authorizes the issuance of 200,000,000 shares of common stock, par value $0.01 per share, and the issuance of 40,000,000 shares of Class B common stock, par value $0.01 per share. In addition, the Company’s Amended and Restated Certificate of Incorporation authorizes the issuance of up to 5,000,000 shares of preferred stock. Holders of common stock generally have rights identical to holders of Class B common stock, except that holders of common stock are entitled to one vote per share and holders of Class B common stock are entitled to ten votes per share. A related party, relatives of the related party and their trusts hold all outstanding Class B common stock, which can only be held by members of this group. Class B common shares are not publicly tradable. Each share of Class B common stock can be converted at any time into one share of common stock at the holder’s option. Dividends per Common Share The Company declared aggregate cash dividends of $4.40, $4.00 and $1.95 per share of common stock and Class B common stock during fiscal 2024, 2023 and 2022, respectively, which resulted in cash payments for dividends of $361.7 million, $351.2 million and $163.1 million, respectively. Treasury Stock On December 16, 2021, the Company’s Board of Directors authorized a five-year share repurchase program of up to $2.0 billion of its common stock, which the Company may suspend or discontinue at any time. Total shares repurchased and amounts paid under the Company’s current authorization during the last three fiscal years are presented below (in thousands):
| Fiscal Year
| 2024 (1) |  | 2023 |  | 2022
Shares of common stock repurchased | 1,263 |  | 5,439 |  | 4,971
Treasury stock acquired during the fiscal year, including excise tax | $ | 268,676 |  |  | $ | 649,820 |  |  | $ | 426,723 |
(1) Fiscal 2024 includes $5.0 million of cash settlements for shares of treasury stock that was paid in the first week of fiscal 2025. As of February 1, 2025, the Company had $511.5 million remaining under the authorization.

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