during the current year period, the company repurchased approximately 1.2 million shares of its common stock for $25.1 million. these repurchases increase to 1.7 million the total number of shares repurchased under the company's current ten million-share authorization, which expires november 30, 2005.
2005 outlook
the company expects eps of $0.20-$0.23 for its second quarter ending july 29, 2005. for the fiscal year ending february 3, 2006, the company believes that its previously reported eps outlook of $1.15-$1.20 (after eliminating the effect of expensing stock options included in the company's previous outlook), while still achievable, will be more difficult to attain considering the lower than anticipated earnings during its first quarter, as well as continuing concerns regarding the potential negative impact of the economy on discretionary spending of the company's customers.
non-gaap disclosures
return on invested capital ("roic"), included in the accompanying schedules to this release, may be considered a non-gaap financial measure. management believes that return on invested capital is useful because it provides investors with additional useful information for evaluating the efficiency of the company's capital deployed in its operations. in addition, the company has provided a calculation of roic and return on assets, computed using net income, excluding a restatement-related penalty, a non-gaap measure, which management believes msure. management believes that return on invested capital is useful because it provides investors with additional useful information for evaluating the efficiency of the company's capital deployed in its operations. in addition, the company has provided a calculation of roic and return on assets, computed using net income, excluding a restatement-related penalty, a non-gaap measure, which management believes more clearly reflects the ongoing operations of the company. this information should not be considered a substitute for any measures derived in accordance with gaap. the company has included its calculations of these non-gaap measures and reconciliations to the most comparable gaap financial measures in the accompanying schedules.
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