Stockholders' Equity

12 Months Ended

Jan. 03, 2015

Stockholders' Equity

Stockholders' Equity

12. Stockholders' Equity

Common Stock

        The Company issued 1.1 million shares of common stock during fiscal 2014.

Share Repurchase Programs

        The Board of Directors authorized the following share repurchase programs (in thousands):

Program Authorization Date	Program Termination Date	Program Amount
October 2014	December 2015	$	100,000
January 2014	January 2015	$	100,000
January 2013	January 2014	$	50,000
April 2012	January 2013	$	100,000
October 2011	April 2012	$	50,000

        These programs allow for repurchases to be made in the open market or in private transactions, including structured or accelerated transactions, subject to applicable legal requirements and market conditions. The Company repurchased 1.7 million shares, 0.7 million shares and 1.7 million shares of its common stock for $71.7 million, $26.0 million and $62.0 million during fiscal 2014, 2013 and 2012, respectively. These shares were retired upon repurchase.

Accumulated Other Comprehensive Loss

        The components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands):

	Unrealized Gain (Loss) on Cash Flow Hedge			Net Unrealized Losses on Available- For-Sale Securities			Total
Balance at December 31, 2011	$	(1,299	)	$	(1,168	)	$	(2,467	)
Other comprehensive income (loss) before reclassifications		(621	)		650			29
Amount reclassified from accumulated other comprehensive loss		1,492			—			1,492
Net change for the period		871			650			1,521
Balance at December 29, 2012		(428	)		(518	)		(946	)
Other comprehensive income (loss) before reclassifications		397			(348	)		49
Amount reclassified from accumulated other comprehensive loss		364			(151	)		213
Net change for the period		761			(499	)		262
Balance at December 28, 2013		333			(1,017	)		(684	)
Other comprehensive income (loss) before reclassifications		(520	)		720			200
Amount reclassified from accumulated other comprehensive loss		402			—			402
Net change for the period		(118	)		720			602
Balance at January 3, 2015	$	215		$	(297	)	$	(82	)

Reclassifications From Accumulated Other Comprehensive Loss

	Year ended
Reclassification (in thousands)	January 3, 2015			December 28, 2013			December 29, 2012
Losses on cash flow hedges to:
Rent expense	$	—		$	—		$	(2,295	)
Interest expense		(618	)		(560	)		—
Gains on available-for-sales securities to:
Interest income		—			232			—
		(618	)		(328	)		(2,295	)
Income tax benefit		216			115			803
Total reclassifications	$	(402	)	$	(213	)	$	(1,492	)

Income Tax Allocated to the Components of Other Comprehensive Income

        The income tax effects of the components of other comprehensive income were as follows (in thousands):

	Year ended
Income tax (expense) benefit on:	January 3, 2015			December 28, 2013			December 29, 2012
Net changes to available-for-sale securities:
Unrealized gains (losses) arising during the period	$	(387	)	$	187		$	(350	)
Reclassification for gains included in net income		—			81			—
Net changes to cash flow hedges:
Unrealized gains (losses) arising during the period		279			(214	)		335
Reclassification for losses included in net income		(216	)		(196	)		(803	)
Other comprehensive income	$	(324	)	$	(142	)	$	(818	)