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Stock Repurchase Program | 6 Months Ended
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Aug. 01, 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 |  | Six Months Ended
| August 1, 2021 |  | July 26, 2020 |  | August 1, 2021 |  | July 26, 2020
(in thousands, except number of shares) | Shares |  | Amount Paid |  | Shares |  | Amount Paid |  | Shares |  | Price Paid |  | Shares |  | Price Paid
Shares repurchased under the stock repurchase program | 639,519 |  |  | $ | 42,000 |  |  | 232,871 |  |  | $ | 12,387 |  |  | 1,000,461 |  |  | $ | 67,000 |  |  | 1,087,913 |  |  | $ | 42,387 |
On March 11, 2021, the Company's Board of Directors approved the expansion of the stock repurchase program by an additional $350.0 million. As of August 1, 2021, the Company had repurchased $476.2 million in shares of its common stock under the program since inception and the remaining authorization under the program was $322.2 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.

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- 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
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