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Equity
 6 Months Ended
Jan. 28, 2012
Equity

9. Equity

 

Summary of Changes in Equity

 

    Six Months Ended  
    January 28, 2012     January 29, 2011(a)   
    (millions)  
Balance at beginning of period   $ 1,158.0     $ 1,014.7  
Comprehensive income:                
Net income     111.2       90.5  
Foreign currency translation adjustment     (0.2 )     --  
Net unrealized loss on available-for-sale investments     0.4       0.6  
Total comprehensive income     111.4       91.1  
Change in non-controlling interest     --       (0.1 )
Purchases of common stock     (37.2 )     (26.1 )
Shares issued and equity grants made pursuant to stock-based compensation plans     25.3       14.9  
Balance at end of period   $ 1,257.5     $ 1,094.5  
                 
                 

 

(a)Includes amounts attributable to a non-controlling interest of $1.4 million as of July 31, 2010 and $1.5 million as of January 29, 2011. The Company sold its interest in its majority-owned investment during the fourth quarter of Fiscal 2011, thereby eliminating the non-controlling interest.

 

Common Stock Repurchase Program

 

On September 22, 2011, the Company’s Board of Directors authorized an expansion of its existing stock repurchase program (the “Stock Repurchase Program”) by $100 million. When taken with the existing availability under the previous program, the availability to repurchase shares of common stock was increased to $127.1 million as of the date of authorization.

 

During the six months ended January 28, 2012, we purchased 1.4 million shares at an aggregate cost of $37.2 million. The remaining availability under the Stock Repurchase Program was approximately $89.9 million at January 28, 2012. Treasury (reacquired) shares are retired and treated as authorized but unissued shares.