Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What dollar amount, if any, of treasury stock did the company repurchase during the year? What dollar amount, if any, of treasury stock did the

What dollar amount, if any, of treasury stock did the company repurchase during the year?

image text in transcribedimage text in transcribedimage text in transcribedWhat dollar amount, if any, of treasury stock did the company repurchase during the year?

AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Shares Outstanding (1) Accumulated Other Comprehensive Income (Loss) Common Stock Contributed Capital Retained Earnings Treasury Stock(2) Stockholders' Equity (In thousands, except per share amounts) Balance at January 28, 2012 193,848 $ 2,496 $ 552,797 $ 1,771,464 $ (938,565) $ 28,659 $ 1,416,851 76,108 76,108 (8,407) (173,554) - (173,554) (280) (4,125) (4,125) Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents ($2.05 per share) 7,443 (11,054) 125,515 | | | | (36,213) 232,108 78,248 232,108 638 638 9,214 (414,301) (405,087 192,604 $ 2,496 $ 627,065 $ 1,553,058 $ (990,729) $ 29,297 $ 1,221,187 1,184 1,184 Balance at February 2, 2013 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income (1,600) (33,051) (33,051) (1,059) (23,385) (23,385) 3,204 (56,706) 55,831 | | | | 6,090 82,983 5,215 82,983 - (17,140) (17,140) (1,600) (33,051) (33,051) (1,059) - (23,385) (23,385) 3,204 (56,706) 55,831 announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents ($0.375 per share) 6,090 82,983 5,215 82,983 (17,140) (17,140) 1,465 (72,280) (70,815) Balance at February 1, 2014 193,149 $ 2,496 $ 573,008 $ 1,569,851 $ (991,334) $ 12,157 $ 1,166,178 12,372 12,372 (517) (7,464) (7,464) Stock awards Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income 1,884 (17,988) 33,232 (7,503) 80,322 7,741 80,322 (22,101) (22,101) APPENDIX B B-19 Cash dividends and dividend equivalents ($0.50 per share) 2,283 (99,585) (97,302 Balance at January 31, 2015 194,516 $ 2,496 $ 569,675 $ 1,543,085 $ (965,566) $ (9,944) $ 1,139,746 (1) 600,000 authorized, 249,566 issued and 194,516 outstanding, $0.01 par value common stock at January 31, 2015; 600,000 authorized, 249,566 issued and 193,149 outstanding, $0.01 par value common stock at February 1, 2014; 600,000 authorized, 249,566 issued and 192,604 outstanding, $0.01 par value common stock at February 2, 2013. The Company has 5,000 authorized, with none issued or outstanding, $0.01 par value preferred stock at January 31, 2015, February 1, 2014 and February 2, 2013. (2) 55,050 shares, 56,417 shares, and 56,962 shares at January 31, 2015, February 1, 2014 and February 2, 2013, respectively. During Fiscal 2014, Fiscal 2013, and Fiscal 2012, 1,884 shares, 3,204 shares, and 7,443 shares, respectively, were reissued from treasury stock for the issuance of share-based payments. Refer to Notes to Consolidated Financial Statements AMERICAN EAGLE OUTFITTERS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY Shares Outstanding (1) Accumulated Other Comprehensive Income (Loss) Common Stock Contributed Capital Retained Earnings Treasury Stock(2) Stockholders' Equity (In thousands, except per share amounts) Balance at January 28, 2012 193,848 $ 2,496 $ 552,797 $ 1,771,464 $ (938,565) $ 28,659 $ 1,416,851 76,108 76,108 (8,407) (173,554) - (173,554) (280) (4,125) (4,125) Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents ($2.05 per share) 7,443 (11,054) 125,515 | | | | (36,213) 232,108 78,248 232,108 638 638 9,214 (414,301) (405,087 192,604 $ 2,496 $ 627,065 $ 1,553,058 $ (990,729) $ 29,297 $ 1,221,187 1,184 1,184 Balance at February 2, 2013 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income (1,600) (33,051) (33,051) (1,059) (23,385) (23,385) 3,204 (56,706) 55,831 | | | | 6,090 82,983 5,215 82,983 - (17,140) (17,140) (1,600) (33,051) (33,051) (1,059) - (23,385) (23,385) 3,204 (56,706) 55,831 announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income Cash dividends and dividend equivalents ($0.375 per share) 6,090 82,983 5,215 82,983 (17,140) (17,140) 1,465 (72,280) (70,815) Balance at February 1, 2014 193,149 $ 2,496 $ 573,008 $ 1,569,851 $ (991,334) $ 12,157 $ 1,166,178 12,372 12,372 (517) (7,464) (7,464) Stock awards Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive income 1,884 (17,988) 33,232 (7,503) 80,322 7,741 80,322 (22,101) (22,101) APPENDIX B B-19 Cash dividends and dividend equivalents ($0.50 per share) 2,283 (99,585) (97,302 Balance at January 31, 2015 194,516 $ 2,496 $ 569,675 $ 1,543,085 $ (965,566) $ (9,944) $ 1,139,746 (1) 600,000 authorized, 249,566 issued and 194,516 outstanding, $0.01 par value common stock at January 31, 2015; 600,000 authorized, 249,566 issued and 193,149 outstanding, $0.01 par value common stock at February 1, 2014; 600,000 authorized, 249,566 issued and 192,604 outstanding, $0.01 par value common stock at February 2, 2013. The Company has 5,000 authorized, with none issued or outstanding, $0.01 par value preferred stock at January 31, 2015, February 1, 2014 and February 2, 2013. (2) 55,050 shares, 56,417 shares, and 56,962 shares at January 31, 2015, February 1, 2014 and February 2, 2013, respectively. During Fiscal 2014, Fiscal 2013, and Fiscal 2012, 1,884 shares, 3,204 shares, and 7,443 shares, respectively, were reissued from treasury stock for the issuance of share-based payments. Refer to Notes to Consolidated Financial Statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions