Stockholders' Equity

6 Months Ended

Jun. 29, 2024

Stockholders' Equity Policy [Abstract]

Stockholders' Equity

Note 6  – Stockholders' Equity

In 2022, the Company's Board of Directors adopted a Stockholder Return Policy that will remain in effect until such time as the Board votes to amend or rescind the policy.  The Stockholder Return Policy calls for the Company to return a prescribed amount of cash flows on an annual basis. The Company intends to return such amounts directly, in the form of dividends, or indirectly, in the form of stock repurchases.

The following table summarizes activity pursuant to this policy:

	Fiscal quarters ended					Six fiscal months ended
	June 29, 2024			July 1, 2023		June 29, 2024			July 1, 2023
Dividends paid to stockholders		$	13,700	$	13,937		$	27,452	$	27,957
Stock repurchases			12,622		20,226			25,160		40,399
Total		$	26,322	$	34,163		$	52,612	$	68,356

The repurchased shares are being held as treasury stock.  The number of shares of common stock being held as treasury stock was 8,655,888 and 7,535,881 as of June 29, 2024 and December 31, 2023, respectively.