XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.8.0.1

STOCKHOLDERS' EQUITY | 12 Months Ended
--- | ---
Feb. 03, 2018
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Share Repurchase Programs The Company's Board of Directors has authorized the following share repurchase programs: (1) $100.0 million on January 7, 2015 (the “2015 Share Repurchase Program”); (2) $250.0 million on December 8, 2015 (the “2015 $250 Million Share Repurchase Program”); and (3) $250.0 million in March 2017 (the "2017 Share Repurchase Program"). The 2015 Share Repurchase Program and the 2015 $250.0 Million Share Repurchase Program have been completed. At February 3, 2018, there was approximately $244.3 million remaining on the 2017 Share Repurchase Program. Additionally, in March 2018, the Board of Directors authorized a $250 million share repurchase program (the "2018 Share Repurchase Program"). Under the 2017 and 2018 Share Repurchase Programs, 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 the Company's practice, including due to restrictions imposed by the Company's insider trading policy during black-out periods, the Company withholds and surrenders shares of vesting stock awards and makes payments to taxing authorities as required by law to satisfy the withholding tax requirements of all recipients. The Company's payment of the withholding taxes in exchange for the surrendered shares constitutes a purchase of its common stock. The Company also 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:
|  | Fiscal Year Ended
|  | February 3, 2018 |  | January 28, 2017 |  | January 30, 2016
|  | Shares | Value |  | Shares | Value |  | Shares | Value
Share repurchases related to: |  | (in thousands)
2014 Share Repurchase Program |  | — |  | — |  |  | — |  | — |  |  | 640 |  | 39,791 |
2015 Share Repurchase Program |  | — |  | — |  |  | 310 |  | 20,726 |  |  | 1,368 |  | 81,102 |
2015 $250 Million Share Repurchase Program program (1) |  | 974 |  | 112,917 |  |  | 1,637 |  | 137,083 |  |  | — |  | — |
2017 Share Repurchase Program |  | 37 |  | 5,662 |  |  | — |  | — |  |  | — |  | — |
Shares acquired and held in treasury |  | 4 |  | 248 |  |  | 3 |  | 249 |  |  | 4 |  | 257 |
(1) | Inclusive of 0.3 million shares for approximately $33.1 million withheld to cover taxes in conjunction with the vesting of stock awards during Fiscal 2017 and 0.1 million shares for approximately $6.5 million during Fiscal 2016.
In accordance with FASB ASC 505--Equity, 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 2017, Fiscal 2016, and Fiscal 2015, approximately $103.7 million, $133.0 million, and $98.0 million was charged to retained earnings, respectively. Dividends Related to Fiscal 2017 dividends, $29.7 million was charged to retained earnings, of which $28.1 million related to cash dividends paid and $1.6 million related to dividend share equivalents on unvested Deferred Awards and Performance Awards. Related to Fiscal 2016 dividends, $15.6 million was charged to retained earnings, of which $14.8 million related to cash dividends paid and $0.8 million related to dividend share equivalents on unvested Deferred Awards and Performance Awards. The Board of Directors authorized a quarterly cash dividend of $0.50 per share to be paid on April 27, 2018 to shareholders of record on the close of business on April 16, 2018. Future declarations of quarterly dividends, the establishment of future record dates, and the resulting payment dates are subject to approval by the Company’s Board of Directors based on a number of factors, including business and market conditions, the Company’s future financial performance and other investment priorities.

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

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration