Stockholders' Equity

3 Months Ended

Mar. 29, 2024

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Holders of voting common stock are entitled to one vote per share and to receive dividends. There was no noncontrolling interest outstanding as of March 29, 2024 or December 29, 2023. There were no cash contributions by minority partners for the three months ended March 29, 2024 or March 31, 2023.

Share Repurchase Program — On May 12, 2022, the Board of Directors authorized a $25,000 share repurchase program. Under the share repurchase program, Snap One may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through other techniques such as accelerated share repurchases. The timing and number of shares repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. The repurchase program does not obligate the Company to acquire a specified number of shares and may be modified, suspended or discontinued at any time at the board of directors’ discretion. The repurchase program was set to expire at the end of 2023, but on November 6, 2023, the Company’s Board of Directors extended the expiration of the repurchase program until the end of 2024.

Share repurchase activity consists of the following:

	Three Months Ended
	March 29, 2024		March 31, 2023
Number of shares repurchased	—		27
Total cost	$	—	$	238
Average per share cost including commissions	$	—	$	8.81

The Company has elected to retire shares repurchased to date. Shares retired become part of the pool of authorized but unissued shares. The purchase price of the retired shares in excess of par value, including transaction costs, is recorded as a decrease to additional paid-in capital.