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Common Stock Repurchase Program | 6 Months Ended
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Oct. 28, 2012
Common Stock Repurchase Program |
16. | Common Stock Repurchase Program
On June 13, 2012, we announced that our board of directors approved authorization for us to acquire up to $5.0 million of our common stock. This action replaced prior authorizations to acquire up to $7.0 million of our common stock in fiscal 2012, of which $5.4 million had been used during fiscal 2012. During the six months ended October 28, 2012, we purchased 502,595 shares of our common stock at a cost of $5.0 million, and as a result, we reached the authorized amount of $5.0 million. Since our common stock repurchase program was implemented in fiscal 2012, we have repurchased 1.1 million shares of common stock at a cost of $10.4 million. On August 29, 2012, we announced that our board of directors approved a new authorization for us to acquire up to $2.0 million of our common stock. Under the common stock repurchase program, shares may be purchased from time to time in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The amount of shares purchased and the timing of such purchases will be based on working capital requirements, market and general business conditions, and other factors including alternative investment opportunities.

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- Definition The entire disclosure about the entity's share repurchase program authorized by its board of directors, which may include the amount authorized, the number of shares repurchased, and the cost of the shares repurchased. + References No definition available. + Details
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