Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 6 Months Ended
Jul. 30, 2011
SHAREHOLDERS' EQUITY [Abstract]  
SHAREHOLDERS' EQUITY
8. SHAREHOLDERS’ EQUITY

Comprehensive Income

The Company's comprehensive income reflects the effects of foreign currency translation adjustments and recording the interest rate swaps entered into in March 2008 at fair value.  The following table provides a reconciliation of net income to total comprehensive income:


   
13 Weeks Ended
    
26 Weeks Ended
  
   
July 30,
    
July 31,
    
July 30,
    
July 31,
  
(In millions)
  
2011
    
2010
    
2011
    
2010
  
                         
  Net income
   $ 94.9     $ 78.0     $ 195.9     $ 141.6  
                                 
  Foreign currency translation adjustments
     (0.9 )     -       4.0       -  
  Fair value adjustment-derivative cash
                                
    flow hedging instrument, net of tax
     -       0.4       0.4       0.9  
      (0.9 )     0.4       4.4       0.9  
                                 
  Total comprehensive income
   $ 94.0     $ 78.4     $ 200.3     $ 142.5  

Share Repurchase Program

The Company repurchased on the open market, approximately 0.1 million and 1.9 million shares of common stock for approximately $8.2 million and $96.7 million during the 13 and 26 weeks ended July 30, 2011.  Approximately $0.3 million in share repurchases had not settled as of July 30, 2011 and this amount has been accrued in the accompanying condensed consolidated balance sheet as of July 30, 2011.  As of July 30, 2011, the Company has $249.2 million remaining under the June 2010 repurchase authorization.