Changes in Stockholders' Deficit (Tables)

6 Months Ended

Jun. 14, 2020

The following table summarizes changes in stockholders’ deficit for the second quarter of 2020.


	Common Stock					Additional Paid-in			Retained			Accumulated Other Comprehensive
	Shares			Amount		Capital			Deficit			Loss
Balance at March 22, 2020		39,039,599		$	390	$	12,474		$	(3,398,986	)	$	(6,068	)
Net income		—			—		—			118,668			—
Dividends declared on common stock and equivalents ($0.78 per share)		—			—		—			(30,697	)		—
Issuance and cancellation of stock awards, net		4,068			—		—			—			—
Tax payments for restricted stock upon vesting		(91	)		—		(31	)		—			—
Exercise of stock options		303,637			3		14,693			—			—
Non-cash compensation expense		—			—		5,115			—			—
Currency translation adjustment		—			—		—			—			1,533

Balance at June 14, 2020		39,347,213		$	393	$	32,251		$	(3,311,015	)	$	(4,535	)

The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2020.


	Common Stock						Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive
	Shares			Amount			Additional Paid-in Capital			Retained Deficit			Loss
Balance at December 29, 2019		38,934,009		$	389		$	243		$	(3,412,649	)	$	(3,742	)
Net income		—			—			—			240,270			—
Dividends declared on common stock and equivalents ($1.56 per share)		—			—			—			(61,139	)		—
Issuance and cancellation of stock awards, net		5,713			—			—			—			—
Tax payments for restricted stock upon vesting		(6,020	)		—			(1,827	)		—			—
Purchases of common stock		(271,064	)		(3	)		(988	)		(78,599	)		—
Exercise of stock options		684,575			7			24,794			—			—
Non-cash compensation expense		—			—			10,029			—			—
Adoption of ASC 326 (Note 10 )		—			—			—			1,102			—
Currency translation adjustment		—			—			—			—			(793	)

Balance at June 14, 2020		39,347,213		$	393		$	32,251		$	(3,311,015	)	$	(4,535	)

Subsequent to the second quarter, on July 15, 2020, the Company’s Board of Directors declared a $0.78 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2020 to be paid on September 30, 2020.

The following table summarizes changes in stockholders’ deficit for the second quarter of 2019.


	Common Stock						Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive
	Shares			Amount			Additional Paid-in Capital			Retained Deficit			Loss
Balance at March 24, 2019		41,083,890		$	411		$	5,464		$	(2,976,848	)	$	(4,192	)
Net income		—			—			—			92,359			—
Dividends declared on common stock and equivalents ($0.65 per share)		—			—			—			(26,789	)		—
Issuance and cancellation of stock awards, net		(3,079	)		—			—			—			—
Tax payments for restricted stock upon vesting		(377	)		—			(100	)		—			—
Purchases of common stock		(12,295	)		(1	)		(3,308	)		—			—
Exercise of stock options		164,219			2			4,751			—			—
Non-cash compensation expense		—			—			3,981			—			—
Currency translation adjustment		—			—			—			—			(16	)

Balance at June 16, 2019		41,232,358		$	412		$	10,788		$	(2,911,278	)	$	(4,208	)

The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2019.


	Common Stock						Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive
	Shares			Amount			Additional Paid-in Capital			Retained Deficit			Loss
Balance at December 30, 2018		40,977,561		$	410		$	569		$	(3,036,471	)	$	(4,429	)
Net income		—			—			—			185,009			—
Dividends declared on common stock and equivalents ($1.30 per share)		—			—			—			(53,454	)		—
Issuance and cancellation of stock awards, net		5,161			—			—			—			—
Tax payments for restricted stock upon vesting		(9,441	)		—			(2,567	)		—			—
Purchases of common stock		(45,844	)		(1	)		(5,090	)		(6,362	)		—
Exercise of stock options		304,921			3			9,287			—			—
Non-cash compensation expense		—			—			8,589			—			—
Currency translation adjustment		—			—			—			—			221

Balance at June 16, 2019		41,232,358		$	412		$	10,788		$	(2,911,278	)	$	(4,208	)