Stockholders' Equity

9 Months Ended

Sep. 28, 2013

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 1.4 million shares of common stock during the nine months ended September 28, 2013, including approximately 0.5 million shares issued in connection with the acquisition of Energy Micro.

Share Repurchase Programs

In January 2013, the Board of Directors authorized a share repurchase program to repurchase up to $50 million of the Company’s common stock through January 2014. In April 2012, the Board of Directors authorized a share repurchase program to repurchase up to $100 million of the Company’s common stock through January 2013. In October 2011, the Board of Directors adopted a share repurchase program to repurchase up to $50 million of the Company’s common stock through April 2012. 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 0.2 million shares of its common stock for $7.8 million during the nine months ended September 28, 2013. The Company repurchased 1.5 million shares of its common stock for $53.1 million during the nine months ended September 29, 2012.

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 29, 2012	$	(428	)	$	(518	)	$	(946	)
Other comprehensive income (loss) before reclassifications	405			(361		)	44
Amount reclassified from accumulated other comprehensive loss	272			(151		)	121
Net change for the period	677			(512		)	165
Balance at September 28, 2013	$	249		$	(1,030	)	$	(781	)

Reclassifications From Accumulated Other Comprehensive Loss

	Three Months Ended						Nine Months Ended
Reclassification (in thousands)	September 28,  2013			September 29, 2012			September 28,  2013			September 29, 2012
Losses on cash flow hedges to:
Rent expense	$	—		$	(1,317	)	$	—		$	(2,197	)
Interest expense	(96		)	—			(418		)	—
Gains on available-for-sales securities to:
Interest income	—			—			232			—
	(96		)	(1,317		)	(186		)	(2,197		)
Income tax benefit	33			461			65			769
Total reclassifications	$	(63	)	$	(856	)	$	(121	)	$	(1,428	)