On October 10, 2000, the Company’s Board of Directors authorized a two-for-one stock split of its common stock. The stock split was effected by issuing one additional share of common stock for each outstanding share of common stock and each treasury share of common stock. The stock split was effective as of the close of business on November 7, 2000 to shareholders of record on October 25, 2000. All historic share information contained herein has been adjusted to reflect the impact of the stock split.

On February 21, 1995, the Company adopted a stock repurchase plan authorizing the purchase of shares of its common stock. Subsequently, the Company’s Board of Directors has approved six extensions to the original plan. During fiscal 2000, 617,220 shares were purchased, completing the fourth extension and 518,014 shares were purchased under a fifth extension. On March 6, 2001, the Board of Directors approved a sixth extension of the stock repurchase program which allows the Company to purchase an additional $100 million in stock, from time to time, over the next two years. At February 3, 2001 and January 29, 2000, the Company held 11,290,078 and 10,131,444 shares, respectively, as treasury shares. Treasury shares also include shares forfeited under the Company’s restricted stock plan.