TREASURY STOCK ACTIVITY TREASURY STOCK ACTIVITY (Notes)

9 Months Ended

Oct. 03, 2021

Equity [Abstract]

Treasury Stock Activity

TREASURY STOCK ACTIVITY

A summary of our treasury stock activity is as follows:

	Nine Months Ended October 3, 2021
	Shares	Dollars
		In thousands
Shares repurchased in the open market under pre-approved share repurchase programs	871,144	$	150,017
Shares repurchased to replace Treasury Stock issued for stock options and incentive compensation	2,005,500	$	307,929
Total share repurchases	2,876,644	457,946
Shares issued for stock options and incentive compensation	(637,580)	(26,529)
Net change	2,239,064	$	431,417

In July 2018, our Board of Directors approved a $500,000 share repurchase authorization to repurchase shares of our Common Stock. As of October 3, 2021, $109,983 remained available for repurchases of our Common Stock under this program. In May 2021, our Board of Directors approved an additional $500,000 share repurchase authorization. This program is to commence after the existing 2018 authorization is completed and is to be utilized at management’s discretion. We are authorized to purchase our outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of Common Stock will be held as treasury shares. Purchases under approved share repurchase authorizations are in addition to our practice of buying back shares sufficient to offset those issued under incentive compensation plans.