CASH FLOW SUPPLEMENTARY INFORMATION

9 Months Ended

Sep. 26, 2015

Supplemental Cash Flow Elements [Abstract]

CASH FLOW SUPPLEMENTARY INFORMATION

CASH FLOW SUPPLEMENTARY INFORMATION

The Company considers all highly liquid temporary cash investments purchased with an original maturity of three months or less at the time of purchase to be cash equivalents. Cash payments for interest and income taxes (net of refunds) for the thirty-nine weeks endedSeptember 26, 2015 and September 27, 2014 were as follows:

	2015		2014
Interest	$	23,447	$	23,199
Income taxes	21,517		94,493

On May 13, 2014, the Company announced a new capital allocation philosophy which increased the dividend by 50% and covered a share repurchase program of up to $500 million of the Company's outstanding common stock to be acquired from time to time over twelve months at prevailing market prices, through open market or privately-negotiated transactions. On February 24, 2015, the Board of Directors authorized an additional purchase of up to $250 million of the Company's outstanding common stock with no stated expiration date. As of September 26, 2015, the Company has acquired 3,947,920 shares for approximately $543.3 million under the share repurchase programs.