NOTE 12—Common and Preferred Stock
Common Stock
The Company has authorized 300,000,000 shares of common stock with a par value of $0.0001 per share. Holders of these shares have one vote per share. Upon the dissolution, liquidation or winding up of the Company, holders of common stock will be entitled to receive the assets of the Company after satisfaction of the preferential rights of any outstanding preferred stock or any other outstanding stock ranking on liquidation senior to or on parity with the common stock.
The Company repurchased 2,290,936 shares, 3,167,413 shares and 2,921,275 shares of its common stock during the fiscal years ended February 28, 2013, February 29, 2012 and February 28, 2011, respectively, at an aggregate cost of $120.7 million, $133.2 million and $90.1 million, respectively. These amounts are recorded as treasury stock on the Company’s Consolidated Balance Sheets.
Preferred Stock
At February 28, 2013, the Company has authorized 5,000,000 shares of preferred stock with a par value of $0.0001 per share. No shares of preferred stock were outstanding as of February 28, 2013 or February 29, 2012.