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STOCKHOLDERS' EQUITY
 3 Months Ended
May 04, 2013
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
On March 3, 2011 a share repurchase program was authorized in the amount of $100 million (the “2011 Share Repurchase Program”) and on November 26, 2012 a share repurchase program was authorized in the amount of $100 million (the "2012 Share Repurchase Program").  At May 4, 2013, there was approximately $56.2 million remaining on the 2012 Share Repurchase Program. The 2011 Share Repurchase Program has been completed. Under the 2012 Share Repurchase Program, the Company may repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions. The Company may suspend or discontinue the program at any time, and may thereafter reinstitute purchases, all without prior announcement.
Pursuant to restrictions imposed by the Company's insider trading policy during black-out periods, the Company withholds and retires shares of vesting stock awards in exchange for payments to satisfy the withholding tax requirements of certain recipients. The Company's payment of the withholding taxes in exchange for the shares constitutes a purchase of its common stock. The Company also acquires shares of its common stock in conjunction with liabilities owed under the Company's Deferred Compensation Plan, which are held in treasury.
The following table summarizes the Company's share repurchases (in thousands):
 
 
Thirteen Weeks Ended
 
 
May 4, 2013
 
April 28, 2012
 
 
 Shares
 
Value
 
 Shares
 
Value
 Shares repurchases related to:
 
 
 
 
 
 
 
 
 2011 Share buyback program
 
—

 
—

 
377.2

 
19,245

 2012 Share buyback program (1)
 
512.3

 
24,196

 
—

 
—

 Withholding taxes
 
1.0

 
46

 
0.2

 
12

Shares acquired and held in treasury
 
5.2

 
269

 
9.3

 
463


(1)
Subsequent to May 4, 2013 and through June 4, 2013, the Company repurchased approximately 0.4 million shares for approximately $18.6 million.
In accordance with the “Equity” topic of the FASB ASC, the par value of the shares retired is charged against common stock and the remaining purchase price is allocated between additional paid-in capital and retained earnings.  The portion charged against additional paid-in capital is done using a pro rata allocation based on total shares outstanding.  Related to all shares retired during the First Quarter 2013 and the First Quarter 2012, approximately $19.3 million and $16.0 million, respectively, were charged to retained earnings.