Dollar Tree 2010 Annual Report Download - page 22

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Management’s Discussion And Analysis
Of Financial Condition And Results Of Operations
and there were no amounts outstanding under the
$300.0 million revolving line of credit.
We repurchased approximately 9.3 million shares
for approximately $414.7 million in fi scal 2010.
We repurchased approximately 4.3 million shares for
approximately $193.1 million in fi scal 2009. Less than
0.1 million of these shares totaling $2.4 million had
not settled as of January 30, 2010 and these amounts
were accrued in the accompanying consolidated
balance sheet as of January 30, 2010. We had no share
repurchases in fi scal 2008. At January 29, 2011, we have
approximately $345.9 million remaining under Board
authorization.
is based, at our option, on a LIBOR rate, plus a margin,
or an alternate base rate, plus a margin. The revolving
line of credit also bears a facilities fee, calculated as a
percentage, as defi ned, of the amount available under
the line of credit, payable quarterly. The term loan
is due and payable in full at the fi ve year maturity
date of the Agreement. The Agreement also bears an
administrative fee payable annually. The Agreement,
among other things, requires the maintenance of certain
specifi ed fi nancial ratios, restricts the payment of certain
distributions and prohibits the incurrence of certain
new indebtedness. As of January 29, 2011, the $250.0
million term loan is outstanding under the Agreement
20 DOLLAR TREE, INC. ♦ 2010 Annual Report