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Stockholders Equity
12 Months Ended
Dec. 28, 2021
Stock Repurchase Program  
Stock Repurchase Program

(11) Stockholders’ Equity

On May 31, 2019, our Board of Directors approved a stock repurchase program under which we may repurchase up to $250.0 million of our common stock. This stock repurchase program has no expiration date and replaced a previous stock repurchase program which was approved on May 22, 2014. All repurchases to date under our stock repurchase programs have been made through open market transactions. The timing and the amount of any repurchases are determined by management under parameters established by our Board of Directors, based on an evaluation of our stock price, market conditions and other corporate considerations.

In response to the impact of the pandemic on our restaurant operations, on March 17, 2020, we suspended all share repurchase activity. We resumed share repurchases on August 2, 2021. For the year ended December 28, 2021, we paid $51.6 million to repurchase 584,932 shares of our common stock. For the year ended December 29, 2020, we paid $12.6 million to repurchase 252,409 shares of our common stock. As of December 28, 2021, we had $96.1 million remaining under our authorized stock repurchase program.