v3.25.2
Stockholders' Equity
 6 Months Ended
Aug. 02, 2025
Equity [Abstract]  
Stockholders' Equity

8. Stockholders’ Equity

 

Share Repurchase—On March 12, 2025, Zumiez Inc. approved the repurchase of up to an aggregate of $25 million of its Common Stock which was completed in the first quarter of the fiscal year.

 

On June 4, 2025, Zumiez Inc. approved the repurchase of up to an aggregate of $15 million of its Common Stock (the “Repurchase Program”). The repurchases will be made from time to time on the open market at prevailing market prices. The Repurchase Program is expected to continue through June 30, 2026, unless the time period is extended or shortened by the Board of Directors. As of August 2, 2025, there remains $7.2 million available to repurchase common stock under the share Repurchase Program.

The following table summarizes our common stock repurchase activity (in thousands, except per share amount):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

August 2, 2025

 

 

August 3, 2024

 

August 2, 2025

 

 

August 3, 2024

 

Number of shares repurchased

 

 

597

 

 

 

945

 

 

 

2,405

 

 

 

945

 

Average price per share of repurchased shares (with commission)

 

$

13.10

 

 

$

20.55

 

 

$

13.64

 

 

$

20.55

 

Total cost of shares repurchased

 

$

7,816

 

 

$

19,421

 

 

$

32,816

 

 

$

19,421

 

 

Accumulated Other Comprehensive Loss —The components of accumulated other comprehensive loss and the adjustments to other comprehensive income (loss) for amounts reclassified from accumulated other comprehensive loss into net loss are as follows (in thousands):

 

Foreign currency
translation
adjustments (3)

 

 

Net change in fair value of marketable debt securities

 

 

Accumulated other comprehensive losses

 

Three months ended August 2, 2025:

 

 

 

 

 

 

 

 

 

Balance at May 3, 2025

 

$

(15,121

)

 

$

(1,625

)

 

$

(16,746

)

Other comprehensive income, net (1)

 

 

880

 

 

 

182

 

 

 

1,062

 

Balance at August 2, 2025

 

$

(14,241

)

 

$

(1,443

)

 

$

(15,684

)

Three months ended August 3, 2024:

 

 

 

 

 

 

 

 

 

Balance at May 4, 2024

 

$

(17,042

)

 

$

(2,983

)

 

$

(20,025

)

Other comprehensive income, net (1)

 

 

184

 

 

 

997

 

 

$

1,181

 

Balance at August 3, 2024

 

$

(16,858

)

 

$

(1,986

)

 

$

(18,844

)

 

 

 

Foreign currency
translation
adjustments (3)

 

 

Net change in fair value of marketable debt securities

 

 

Accumulated other comprehensive losses

 

Six months ended August 2, 2025:

 

 

 

 

 

 

 

 

 

Balance at February 1, 2025

 

$

(21,735

)

 

$

(2,043

)

 

$

(23,778

)

Other comprehensive income, net (2)

 

 

7,494

 

 

 

600

 

 

 

8,094

 

Balance at August 2, 2025

 

$

(14,241

)

 

$

(1,443

)

 

$

(15,684

)

Six months ended August 3, 2024:

 

 

 

 

 

 

 

 

 

Balance at February 3, 2024

 

$

(16,146

)

 

$

(2,881

)

 

$

(19,027

)

Other comprehensive income (loss), net (2)

 

 

(712

)

 

 

895

 

 

$

183

 

Balance at August 3, 2024

 

$

(16,858

)

 

$

(1,986

)

 

$

(18,844

)

 

(1)
Other comprehensive income before reclassifications was $0.2 million, net of taxes for net unrealized losses on marketable securities for the three months ended August 2, 2025. Other comprehensive income before reclassifications was $0.1 million, net of taxes for net unrealized losses on marketable for the three months ended August 3, 2024. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the three months ended August 2, 2025 and August 3, 2024, respectively.
(2)
Other comprehensive income before reclassifications was $0.6 million, net of taxes for net unrealized losses on marketable securities for the six months ended August 2, 2025. Other comprehensive income before reclassifications was $0.9 million, net of taxes for net unrealized losses on marketable securities for the six months ended August 3, 2024. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the six months ended August 2, 2025 and August 3, 2024, respectively.
(3)
Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries.