XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.21.1

Stock Repurchase Program | 3 Months Ended
--- | ---
May 02, 2021
Equity [Abstract] |
Stock Repurchase Program | Stock Repurchase Program The Company maintains a stock repurchase program that was initially approved by its Board of Directors in March 2008. The stock repurchase program does not have an expiration date and the Company’s Board of Directors has authorized expansion of the program over the years. The following table summarizes activity under the program for the presented periods:
| Three Months Ended |  |
| May 2, 2021 |  | April 26, 2020 |  |  |  |
(in thousands, except number of shares) | Shares |  | Amount Paid |  | Shares |  | Amount Paid |  |  |  |  |  |  |  |
Shares repurchased under the stock repurchase program | 360,942 |  |  | $ | 25,000 |  |  | 855,042 |  |  | $ | 30,000 |  |  |  |  |  |  |  |  |
On March 11, 2021, the Company's Board of Directors approved the expansion of the stock repurchase program by $350.0 million. As of May 2, 2021, the Company had repurchased $434.2 million in shares of its common stock under the program since inception and the remaining authorization under the program was $364.2 million. Under the program, the Company may repurchase its common stock at any time or from time to time, without prior notice, subject to market conditions and other considerations. The Company’s repurchases may be made through Rule 10b5-1 and/or Rule 10b-18 or other trading plans, open market purchases, privately negotiated transactions, block purchases or other transactions. The Company intends to fund repurchases under the program from cash on hand. The Company has no obligation to repurchase any shares under the program and may suspend or discontinue it at any time.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
Name: | us-gaap_TreasuryStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration