
NOTE 9:	STOCK REPURCHASES

On July 25, 2011, our Board of Directors approved a program to repurchase $75 million of our outstanding common stock. As of September 28, 2012, $35.2 million remained available for repurchase of common stock under the current authorization, which has no expiration date.

Under our authorized stock repurchase program, we repurchased and retired 0.3 million shares of our common stock during the thirty-nine weeks ended September 28, 2012 for a total amount of $4.4 million including commissions. We repurchased and retired 3.9 million shares of our common stock during the thirty-nine weeks ended September 30, 2011 for a total amount of $50.1 million including commissions.

Purchases of our common stock are not displayed separately as treasury stock on the Consolidated Balance Sheets in accordance with the Washington Business Corporation Act, which requires the retirement of purchased shares. As a result, shares of our common stock that we purchase are retired immediately. It is our policy to first record these purchases as a reduction to our Common stock account. Once the Common stock account has been reduced to a nominal balance, remaining purchases are recorded as a reduction to our Retained earnings account.