STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 30, 2023

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

On February 27, 2022, the Board of Directors authorized a common stock repurchase program of up to $100.0 million. During the three months ended April 2, 2022, we repurchased 1,676,551 shares for an aggregate purchase price of $100.0 million, including fees and commissions, at an average repurchase price of $59.66 per share. Following the repurchases, no shares remained available for future repurchases under the program. All of the common stock repurchased is held as treasury stock.

On February 1, 2024, the Board of Directors authorized the repurchase of up to $300 million of the Company’s common stock. See Note 14—Subsequent Events for information regarding the Company’s Share Repurchase Program adopted in February 2024.