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Capital Stock
 12 Months Ended
Jan. 25, 2025
Stockholders' Equity Note [Abstract]  
Capital Stock Capital Stock
Repurchases of Common Stock. The Company made the following repurchases during fiscal 2025, fiscal 2024, and fiscal 2023 (all shares repurchased have been canceled).
PeriodNumber of Shares RepurchasedTotal Consideration
(In thousands)
Average Price Per Share (1)
Fiscal 2025
410,000 $65,640 $160.10 
Fiscal 2024
485,000 $49,659 $102.39 
Fiscal 2023
514,030 $48,732 $94.80 
(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 2025 we repurchased 410,000 shares of common stock, at an average price of $160.10, for $65.6 million, including 200,000 shares of common stock, at an average price of $179.27, repurchased during the fourth quarter of fiscal 2025 for $35.9 million. During fiscal 2024, we repurchased 485,000 shares of our common stock, at an average price of $102.39, for $49.7 million. As of January 25, 2025, $55.0 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. See Note 23, Subsequent Events, for information regarding a new authorization by the Company’s Board of Directors in February 2025.

Restricted Stock Tax Withholdings. During fiscal 2025, fiscal 2024, and fiscal 2023, we withheld 117,465 shares, 103,910 shares, and 59,018 shares, respectively, totaling $17.0 million, $9.9 million, and $5.8 million, respectively, to meet payroll tax withholding obligations arising from the vesting of restricted share units. In addition, during fiscal 2025, we withheld 105,825 shares totaling $18.6 million to meet payroll tax withholding obligations arising from the exercise of stock options. No shares
were withheld during fiscal 2024 and fiscal 2023 related to the exercise of stock options. 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 2025, fiscal 2024, and fiscal 2023 $10.3 million, $3.9 million, and $2.3 million, respectively, was charged to retained earnings related to shares canceled during the fiscal year.