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Treasury Stock
9 Months Ended
Sep. 29, 2023
Class of Stock Disclosures [Abstract]  
Treasury Stock
11.
Treasury Stock

The Company’s Board of Directors has previously authorized the repurchase of up to $30.0 million of the Company’s stock. The Company did not purchase shares for treasury during the 2023 or 2022 third quarter or year-to-date periods. As of September 29, 2023 and September 30, 2022, the Company had approximately $7.7 million left in its current stock repurchase authorization.

The Company issued 60,731 and 513,491 shares during the 2023 third quarter and year-to-date period, respectively, to fulfill the requirements from the grant of restricted shares or units and the exercise of stock options.

 

The Company issued 187,637 and 537,128 shares during the 2022 third quarter and year-to-date period, respectively, of which 173,802 shares were issued as part of the acquisition of Eleviant, while the remaining shares were issued to fulfill the requirements from the grant of restricted shares or units and the exercise of stock options.