Stockholders' Equity

3 Months Ended

Apr. 01, 2012

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Common Stock Repurchase Program

On October 21, 2008, the Company’s Board of Directors authorized management to repurchase up to 6,000,000 shares of the Company’s outstanding common stock. Under this authorization, the timing and actual number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash requirements for acquisitions and the price of the Company’s common stock. The Company did not repurchase any shares under this authorization during the three months ended April 1, 2012, and April 3, 2011.

The Company repurchased approximately 16,000 shares, or $0.6 million of common stock under a repurchase program to help administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs during the three months ended April 1, 2012. Similarly, during the three months ended April 3, 2011, the Company repurchased approximately 24,000 shares, or $0.9 million of common stock, respectively, under the same program to help facilitate tax withholding for RSUs.

These shares were retired upon repurchase. The Company’s policy related to repurchases of its common stock is to charge the excess of cost over par value to retained earnings. All repurchases were made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

Cumulative Other Comprehensive Income, Net

The following table sets forth the components of cumulative other comprehensive income, net of related taxes, as of April 1, 2012 and December 31, 2011 (in thousands):

	April 1, 2012			December 31, 2011
Net unrealized (losses) gains on derivative instruments	$	(50	)	$	6
Net unrealized (losses) gains on available-for-sale securities	(5		)	17
Total cumulative other comprehensive income (loss), net of taxes	$	(55	)	$	23