Stockholders' Equity

6 Months Ended

Sep. 28, 2013

Stockholders' Equity [Abstract]

Stockholder's Equity

10.Stockholders’ Equity

Common Stock

The Company issued a net 0.2 million and 0.3 million shares of common stock for the three and six month periods ending September  28, 2013, respectively, in connection with stock issuances during the respective periods pursuant to our 2006 Stock Incentive Plan.  The Company issued 0.9 million and 1.1 million shares of common stock for the three and six month periods ending September  29, 2012, respectively,  in connection with stock issuances during the respective periods pursuant to our 2006 Stock Incentive Plan.  

Share Repurchase Program

On November 20, 2012, we announced that our Board of Directors authorized a share repurchase program of up to $200 million of the Company’s common stock. The Company repurchased 0.6 million shares of its common stock for $12.7 million during the second quarter of fiscal year 2014, at an average cost of $21.07 per share.  During fiscal year 2013, the Company repurchased 3.0 million shares of its common stock for a total of $85.6 million, leaving $101.7 million available for repurchase under this plan as of September 28, 2013.  All of these shares were repurchased in the open market and were funded from existing cash. All shares of our common stock that were repurchased were retired as of September 28, 2013.