Stockholders' Equity

9 Months Ended

Sep. 29, 2013

Equity [Abstract]

Stockholders' Equity

Note 3 — Stockholders’ Equity

Common Stock Repurchases

On August 1, 2012, the Company’s board of directors authorized a common stock repurchase program of up to $500.0 million of its common stock. As of September 29, 2013, $315.1 million remained available for repurchases under this program.

The following table summarizes the Company’s common stock repurchases:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(In thousands)
Dollar value of shares repurchased	$	41,207	$	50,062	$	163,487	$	226,247
Number of shares repurchased		5,389		6,611		22,787		29,131

Repurchased shares are retired immediately and are recorded as reductions in common stock and additional paid-in capital.

Cash Dividends on Common Stock

On July 24, 2013, the Company announced that its board of directors had declared a cash dividend of $0.03 per common share to be paid on September 20, 2013 to stockholders of record as of September 6, 2013. The Company paid cash dividends of $16.3 million related to the July 2013 declaration. No cash dividend was paid in 2012.