COMMON STOCK

9 Months Ended

Sep. 27, 2014

Stockholders' Equity Note [Abstract]

COMMON STOCK

COMMON STOCK:

Pursuant to the previously announced share repurchase authorizations by the Board of Directors, during the fiscal quarter and three fiscal quarters ended September 27, 2014, the Company repurchased and retired shares in open market transactions in the following amounts:

	Fiscal quarter ended				Three fiscal quarters ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Number of shares repurchased	367,948		226,400		867,099		816,402
Aggregate cost of shares repurchased (in millions)	$	26.7	$	16.4	$	62.8	$	54.1
Avg price per share	$	72.54	$	72.33	$	72.39	$	66.31

The total remaining capacity under the repurchase authorizations as of September 27, 2014 was approximately $204.5 million. The authorizations have no expiration date.

Accelerated Stock Repurchase Program

On August 29, 2013, the Company entered into two fixed dollar accelerated stock repurchase (ASR) agreements totaling $400 million which were settled during January 2014 with approximately one million additional shares received by the Company with a fair market value, at trade date, of approximately $70.3 million. Under the ASR agreements, the Company has received and retired a total of approximately 5.6 million shares.