Open Market Share Repurchase Program

3 Months Ended

Mar. 27, 2016

Equity [Abstract]

Open Market Share Repurchase Program

7. Open Market Share Repurchase Program

During the first quarter of 2016, the Company received and retired 456,936 shares of its common stock in connection with the final settlement of its previously announced $600.0 million accelerated share repurchase program. The Company did not repurchase any shares of its common stock under its Board of Directors approved open market share repurchase program in the first quarter of 2016. As of April 21, 2016, the Company had $200.0 million remaining for future share repurchases under its Board of Directors approved open market share repurchase program.

During the first quarter of 2015, the Company repurchased and retired 290,877 shares of common stock for a total of approximately $29.5 million.