Item 2. Unregistered Sales of Equity Securities
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Information on Share Repurchases
Information regarding shares of common stock the Company repurchased during the thirteen weeks ended July 31, 2021 is as follows:
26
Index
Period
Total number of
shares
repurchased (1)
Average
price paid per
share (2)
Total number of
shares purchased
as part of publicly
announced plans or
programs (3)
Approximate dollar
value of shares that
may yet be purchased
under the plans or
programs (3)
May 2, 2021 through May 29, 2021
251,948
$
79.40
251,948
$
170,415,416
May 30, 2021 through July 3, 2021
59,945
$
83.97
59,945
$
165,381,786
July 4, 2021 through July 31, 2021
7,663
$
83.73
7,663
$
164,740,156
Total
319,556
319,556
(1)
Consists of shares repurchased under the publicly announced share repurchase program.
(2)
Includes commissions for the shares repurchased under the share repurchase program.
(3)
On December 15, 2020, the Board of Directors authorized the repurchase of up to $100.00 million of shares of the Company’s common stock. On March 16, 2021, the Board of Directors
of the Company authorized an increase of $100.0 million in the Company’s share repurchase program resulting in $200.0 million approved for share repurchases through January 13, 2023. Shares under both authorizations may be purchased from time
to time in open market transactions (including blocks), privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, issuer self-tender offers or any combination of the foregoing. The timing of
repurchases and the actual amount purchased will depend on a variety of factors, including the market price of the Company’s shares, general market, economic and business conditions, and other corporate considerations. In addition, the
authorizations are subject to extension or earlier termination by the Board of Directors at any time. As of July 31, 2021, the Company had $164.7 million remaining under its share repurchase program. For further discussion on the 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
Not applicable.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
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