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Capital Stock | 3 Months Ended
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Apr. 27, 2024
Stockholders' Equity Note [Abstract] |
Capital Stock | Capital Stock Repurchases of Common Stock. On August 23, 2023 the Company announced that its Board of Directors authorized a new $150 million program to repurchase shares of the Company’s outstanding common stock through February 2025 in open market or private transactions. During the three months ended April 27, 2024, the Company repurchased 210,000 shares of common stock, at an average price of $141.84, for $29.8 million. All shares repurchased have been cancelled. As of April 27, 2024, $90.9 million of the authorization was available for repurchases. Restricted Stock Tax Withholdings. During the three months ended April 27, 2024 and April 29, 2023, we withheld 113,292 shares totaling $16.3 million and 101,035 shares totaling $9.6 million, respectively, to meet payroll tax withholding obligations arising from the vesting of restricted share units. All shares withheld have been cancelled. 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.

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- Definition The entire disclosure of share repurchases under the current and prior share repurchase authorizations. + References No definition available. + Details
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