Stock Repurchase Program

3 Months Ended

Mar. 28, 2015

Stock Repurchase Program [Abstract]

Stock Repurchase Program

NOTE 11.  Stock Repurchase Program

On February 9, 2015, the Board of Directors of the Company authorized a new share repurchase program for up to $75 million of its common stock.  This new program increased the total remaining repurchase authorization to $102.1 million, including the $27.1 million that remained available for repurchases under the $275 million 2012 share repurchase authorization as of December 27, 2014. For the three months ended March 28, 2015 and March 29, 2014, the Company repurchased 6.1 million and 1.4 million shares for a total cash cost of$57.2 million and $8.9 million, respectively. The repurchased shares were retired immediately.  Accordingly, the repurchased shares were recorded as a reduction of common stock, additional paid-in capital and accumulated deficit.  As of March 28, 2015, the Company had completed $385.1 million of the total announced $430.0 million stock repurchase programs since 2011.