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v3.22.2.2
Shareholders' Equity
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6 Months Ended |
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Equity [Abstract] |
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Shareholders' Equity |
SHAREHOLDERS' EQUITYShares- Our Class A common shares are listed for trading under the ticker symbol "DBI" on the New York Stock Exchange. There is currently no public market for the Company's Class B common shares, but the Class B common shares can be exchanged for the Company's Class A common shares at the election of the holder on a share for share basis. Holders of Class A common shares are entitled to one vote per share and holders of Class B common shares are entitled to eight votes per share on matters submitted to shareholders for approval.
The following table provides additional information for our common shares: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | July 30, 2022 | | January 29, 2022 | | July 31, 2021 | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | Authorized shares | 250,000 | | | 100,000 | | | 250,000 | | | 100,000 | | | 250,000 | | | 100,000 | | Issued shares | 88,397 | | | 7,733 | | | 87,793 | | | 7,733 | | | 87,405 | | | 7,733 | | Outstanding shares | 56,803 | | | 7,733 | | | 65,624 | | | 7,733 | | | 65,236 | | | 7,733 | | Treasury shares | 31,594 | | | — | | | 22,169 | | | — | | | 22,169 | | | — | |
We have authorized 100 million shares of no par value preferred shares, with no shares issued for any of the periods presented.
Dividends- On August 25, 2022, the Board of Directors declared a quarterly cash dividend payment of $0.05 per share for both Class A and Class B common shares. The dividend will be paid on October 6, 2022 to shareholders of record at the close of business on September 22, 2022, and is expected to be recorded against retained earnings. Share Repurchases- On August 17, 2017, the Board of Directors authorized the repurchase of an additional $500 million of Class A common shares under our share repurchase program, which was added to the $33.5 million remaining from the previous authorization. During the six months ended July 30, 2022, we repurchased 9.4 million Class A common shares at an aggregate cost of $128.5 million, with $206.4 million of Class A common shares that remain authorized under the program as of July 30, 2022. The share repurchase program may be suspended, modified or discontinued at any time, and we have no obligation to repurchase any amount of our common shares under the program. Shares will be repurchased in the open market at times and in amounts considered appropriate based on price and market conditions.
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- DefinitionThe entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP).
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