Stockholder's Equity

12 Months Ended

Mar. 30, 2019

Stockholders' Equity Note [Abstract]

Stockholder's Equity

Stockholders' Equity

Share Repurchase Program

In January 2018, the Company announced that the Board of Directors authorized a share repurchase program of up to $200 million of the Company's common stock. As of March 30, 2019, the Company had repurchased 4.0 million shares under this plan at a cost of approximately $160.0 million, or an average cost of $40.30 per share. Approximately $40.0 million remains available for repurchase under this plan. 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 March 30, 2019. In January 2019, the Board of Directors authorized the repurchase of up to an additional $200 million of the Company’s common stock. No shares have been repurchased under the new plan as of March 30, 2019.

Preferred Stock

We have 5.0 million shares of Preferred Stock authorized. As of March 30, 2019, we have not issued any of the authorized shares.