Capital Stock |
9 Months Ended |
|---|---|
Nov. 02, 2024 | |
| Capital Stock [Abstract] | |
| Capital Stock | 8. Capital Stock Treasury Stock The Company accounts for treasury stock under the cost method. Shares Used to Satisfy Tax Withholding During the nine month period ended November 2, 2024, the Company acquired 69,761 shares of common stock from employees for approximately $13.7 million to satisfy their minimum statutory tax withholdings related to the vesting of restricted stock unit awards, which was recorded in the line item “Treasury stock, at cost” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. Share Repurchase Program On August 15, 2023, the Company's Board of Directors authorized the repurchase of up to $500 million of common stock, which is authorized to be executed through August 2025. During the nine month period ended November 2, 2024, the Company repurchased 795,118 shares of common stock for $180.5 million under these repurchase programs, which was recorded in the line item “Treasury stock, at cost” on the Company’s Condensed Consolidated Balance Sheets, and the line item “Purchase of treasury shares” on the Company’s Condensed Consolidated Statements of Cash Flows. As of November 2, 2024, the Company had $324.6 million remaining under its share repurchase authorization. |