Stockholders' Equity

9 Months Ended

Sep. 28, 2024

Stockholders' Equity Policy [Abstract]

Stockholders' Equity

Note 8  – 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					Nine fiscal months ended
	September 28, 2024			September 30, 2023		September 28, 2024			September 30, 2023
Dividends paid to stockholders		$	13,644	$	13,879		$	41,096	$	41,836
Stock repurchases			12,624		17,262			37,784		57,661
Total		$	26,268	$	31,141		$	78,880	$	99,497

The repurchased shares are being held as treasury stock.  The number of shares of common stock being held as treasury stock was 9,233,213 and 7,535,881 as of September 28, 2024 and December 31, 2023, respectively.