Burlington Stores, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Purchases of Equity Securities by the Issuer and Affiliated Purchasers The following table provides information regarding our purchases of common stock during the three fiscal months ended August 1, 2020: Month Total Number of Shares Purchased(1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2) Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (in thousands) May 3, 2020 through May 30, 2020 12,660 $ 178.51 — $ 348,387 May 31, 2020 through July 4, 2020 301 $ 207.58 — $ 348,387 July 5, 2020 through August 1, 2020 147 $ 189.41 — $ 348,387 Total 13,108 — (1) These shares were withheld for tax payments due upon the vesting of employee restricted stock or restricted stock unit awards, and do not reduce the dollar value that may yet be purchased under our publicly announced share repurchase programs. (2 ) On August 14, 2019, our Board of Directors authorized the repurchase of up to $400 million of common stock, which is authorized to be executed through August 2021. As part of the Company’s cash management efforts during the COVID-19 pandemic, the Company suspended its share repurchase program in March 2020. For a further discussion of our share repurchase program, see “Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Share Repurchase Program.” Item 3. Defaults Upon Senior Securities. None. 42 Item 4. Mine Saf ety Disclosures. Not applicable.