Further, it made $51 million capital expenditure in fourth-quarter fiscal 2017, mainly related to higher IT investments. During fiscal 2017, the company bought back 1.9 million shares for an average cost of $53.85 per share. These repurchases were made under its previous $100 million program that ended in third-quarter fiscal 2017 and the $200 million program that was authorized in November 2017. ivivva Strategy on Track In June, Lululemon announced plans to develop ivivva, its activewear brand, into an e-commerce focused business with only eight ivivva stores operating across North America. It revealed plans to close about 40 of the total 55 ivivva stores and convert nearly half of the remaining stores into Lululemon branded stores. In fourth-quarter fiscal 2017, lululemon recognized the final pre-tax charges of $1.9 million with regard to the ivivva restructuring plan. Total charges for the fiscal year summed to $47.2 million, which were in line with the company's target of $45-$50 million.