Ollie's Bargain Outlet Holdings, Inc. 10-Q

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 October 30, 2021 is as follows: 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) August 1, 2021 through August 28, 2021 311,078 $ 79.53 311,078 $ 140,001,083 August 29, 2021 through October 2, 2021 1,938,251 $ 72.21 1,938,251 $ 32,562 October 3, 2021 through October 30, 2021 — — — $ 32,562 Total 2,249,329 2,249,329 (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 October 30, 2021, the Company had $33,000 remaining under its share repurchase program. On November 30, 2021, the Board of Directors authorized an additional $200.0 million in the Company’s share repurchase program; see further discussion in Note 10 “Subsequent Event” to our unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q. 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.