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Capital Stock | 9 Months Ended
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Oct. 30, 2021
Capital Stock [Abstract] |
Capital Stock | 8. Capital Stock Treasury Stock The Company accounts for treasury stock under the cost method. During the nine month period ended October 30, 2021, the Company acquired 53,269 shares of common stock from employees for approximately $16.5 million to satisfy their minimum statutory tax withholdings related to the vesting of restricted stock and restricted stock unit awards, which was recorded in the line item “Treasury stock” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. Share Repurchase Programs On August 14, 2019, the Company’s Board of Directors authorized the repurchase of up to $400.0 million of common stock, which expired in August 2021. On August 18, 2021, the Company’s board of directors authorized the repurchase of up to $400.0 million of common stock, which is authorized to be executed through August 2023. This repurchase program is funded using the Company’s available cash and borrowings under the ABL Line of Credit. During Fiscal 2021, the Company repurchased 512,363 shares of common stock for $150.0 million under this repurchase program. As of October 30, 2021, the Company had $250.0 million remaining under its share repurchase authorization.

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