|3 Months Ended|
May 02, 2020
13. Share Repurchases
In March 2013, our Board of Directors (the “Board”) approved a share repurchase program for our common stock. At May 2, 2020, the remaining balance available under the Board’s authorization was $38.0 million. No shares were repurchased during the first quarter of 2020 and 2019, respectively.
Share repurchases are accounted for under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock.
The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef