Quarterly report pursuant to Section 13 or 15(d)

Share Repurchases

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Share Repurchases
3 Months Ended
May 02, 2020
Share Repurchases  
Share Repurchases

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.