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Stockholders' Deficit
 8 Months Ended
Sep. 11, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stockholders' Deficit

4. Stockholders’ Deficit

The following table summarizes changes in Stockholders’ Deficit for the three fiscal quarters of 2016.

 

                             Accumulated  
                 Additional           Other  
     Common Stock     Paid-in     Retained     Comprehensive  
     Shares     Amount     Capital     Deficit     Loss  

Balance at January 3, 2016

      49,838,221      $ 498      $ 6,942      $ (1,804,143 )    $ (3,548 ) 

Net income

      —          —          —          141,945        —     

Common stock dividends and equivalents

      —          —          —          (55,511 )      —     

Issuance of common stock, net

      74,331        1        —          —          —     

Tax payments for restricted stock upon vesting

      (47,252 )      —          (5,605 )      —          —     

Purchases of common stock

      (2,714,322 )      (27 )      (67,363 )      (216,468 )      —     

Exercise of stock options

      926,390        9        12,315        —          —     

Tax impact from equity-based compensation

      —          —          41,479        —          —     

Non-cash compensation expense

      —          —          12,344        —          —     

Other

      —          —          26        —          —     

Currency translation adjustment, net of tax

      —          —          —          —          960   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at September 11, 2016

      48,077,368      $ 481      $ 138      $ (1,934,177 )    $ (2,588 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

On March 14, 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 (“ASR”) program. At the commencement of the program, in the fourth quarter of 2015, the Company paid $600.0 million to a counterparty and received and retired a portion of the shares from the ASR program, based on the terms of the related ASR agreement.