I also normally tend to repot my phals after they come home from a big-box store like TJ's or Home Depot. A thought about the yellowing of the leaf- this can also sometimes be caused by over-watering. And, knowing some of these stores, many of those phals either get water-boarded (waay too much water) or they shrivel up from thirst. The fact that you were able to get one of those buds to bloom can be a good sign. I would just keep an eye on the overall health of the plant and if anything rapidly changes- action needs to be taken. But for now, enjoy your blooms and follow normal phal care
If you are new to keeping phals, or orchids for that matter, you might want to take a look at
http://www.orchidboard.com/community...ends-here.html. I know that it is long, but there is a lot of good culture tips and things to watch out for in there!