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Capital Stock | 12 Months Ended
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Jan. 27, 2024
Stockholders' Equity Note [Abstract] |
Capital Stock | Capital Stock Repurchases of Common Stock. The company made the following repurchases during fiscal 2024, fiscal 2023, and fiscal 2022 (all shares repurchased have been canceled).
Period |  | Number of Shares Repurchased |  | Total Consideration (In thousands) |  | Average Price Per Share (1)
Fiscal 2024 |  | 485,000 |  |  | $ | 49,659 |  |  | $ | 102.39 |
Fiscal 2023 |  | 514,030 |  |  | $ | 48,732 |  |  | $ | 94.80 |
Fiscal 2022 |  | 1,231,638 |  |  | $ | 106,133 |  |  | $ | 86.17 |
(1) Average price paid per share excludes 1% excise tax on share repurchases. On August 23, 2023 the Company announced that its Board of Directors authorized a new $150.0 million program to repurchase shares of the Company’s outstanding common stock through February 2025 in open market or private transactions. During fiscal 2024 we repurchased 485,000 shares of common stock, at an average price of $102.39, for $49.7 million, including 260,000 shares of common stock, at an average price of $112.93, repurchased during the fourth quarter of fiscal 2024 for $29.4 million. As of January 27, 2024, $120.6 million of the authorization remained available for repurchases. On March 2, 2022 the Company announced that its Board of Directors had authorized a $150.0 million program to repurchase shares of the Company’s outstanding common stock through August 2023 in open market or private transactions. During fiscal 2023, we repurchased 514,030 shares of our common stock, at an average price of $94.80, for $48.7 million. On March 3, 2021 the Company announced that its Board of Directors had authorized a $150.0 million program to repurchase shares of the Company’s outstanding common stock through August 2022 in open market or private transactions. During fiscal 2022, we repurchased 1,231,638 shares of our common stock, at an average price of $86.17, for $106.1 million. Restricted Stock Tax Withholdings. During fiscal 2024, fiscal 2023, and fiscal 2022, we withheld 103,910 shares, 59,018 shares, and 78,264 shares, respectively, totaling $9.9 million, $5.8 million, and $6.6 million, respectively, to meet payroll tax withholding obligations arising from the vesting of restricted share units. All shares withheld have been canceled. Shares of common stock withheld for tax withholdings do not reduce our total share repurchase authority. Upon cancellation of shares repurchased or withheld for tax withholdings, the excess over par value is recorded as a reduction of additional paid-in capital until the balance is reduced to zero, with any additional excess recorded as a reduction of retained earnings. During fiscal 2024, $3.9 million was charged to retained earnings related to shares canceled during the fiscal year. During fiscal 2023 and fiscal 2022, $2.3 million and $3.9 million was charged to retained earnings related to shares canceled during the fiscal years, respectively.

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