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STOCKHOLDERS' EQUITY
12 Months Ended
Feb. 01, 2014
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
The Company's Board of Directors authorized the following share repurchase programs: (1) $100 million on August 18, 2010 (the “2010 Share Repurchase Program”); (2) $100 million on March 3, 2011 (the “2011 Share Repurchase Program”); (3) $50.0 million on March 7, 2012 (the “2012 $50 Million Share Repurchase Program”); and (4) $100.0 million on November 26, 2012 (the “2012 $100 Million Share Repurchase Program”).  At February 1, 2014, there was approximately $14.7 million remaining on the 2012 $100 Million Share Repurchase Program. The 2010 Share Repurchase Program, 2011 Share Repurchase Program and 2012 $50 Million Share Repurchase Program have been completed. Under the 2012 $100 Million 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. We 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 equity plan during black-out periods, the Company withholds and retires shares of vesting stock awards in exchange for payments to satisfy minimum withholding tax requirements. The Company's payment of the withholding taxes in exchange for the shares constitutes a purchase of its common stock.
The Company acquires shares of its common stock in conjunction with liabilities owed under a deferred compensation plan, which are held in treasury. The following table summarizes the Company's share repurchases (in thousands):
 
 
Fiscal Year Ended
 
 
February 1, 2014
 
February 2, 2013
 
January 28, 2012
 
 
 Shares
 Value
 
 Shares
 Value
 
 Shares
 Value
 Share repurchases related to:
 
 
 
 
 
 
 
 
 
 2010 Share buyback program
 

$

 

$

 
213

$
10,102

 2011 Share buyback program
 


 
377

19,236

 
1,712

80,764

 2012 $ 50 Million Share buyback program
 


 
1,001

50,000

 


 2012 $100 Million Share buyback program (1)
 
1,296

65,691

 
420

19,638

 


 Withholding taxes
 
2

139

 
2

146

 
19

891

Shares acquired and held in treasury
 
9

456

 
10

521

 
14

598


(1)
Subsequent to February 1, 2014 and through March 18, 2014, the Company repurchased an additional 0.2 million shares for approximately $10.5 million.

Subsequent to February 1, 2014, the Company's credit facility was amended, including to permit the payment of dividends and provide for borrowings up to the lesser of $200 million or its borrowing base.
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 for Fiscal 2013, Fiscal 2012 and Fiscal 2011, approximately $53.1 million, $73.0 million and $75.2 million was charged to retained earnings, respectively.