Stockholders' Equity

3 Months Ended

Jul. 03, 2016

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Stock Repurchase Program. In April 2015, the Company's Board of Directors approved a new share repurchase program authorization for $300 million. In October 2015, the Company's Board of Directors approved an increase in the share repurchase authorization by another $300 million. In the three months ended July 3, 2016 and June 28, 2015, the Company repurchased 1.5 million shares for $30.6 million and 1.4 million shares for $30.6 million, respectively. As of July 3, 2016, approximately $155.1 million was available for future purchase under the new share repurchase program. Shares repurchased were recorded as treasury stock and resulted in a reduction of stockholder's equity.