XML 37 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity
12 Months Ended
Mar. 27, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchase Program
In January 2019, 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 27, 2021, the Company had repurchased 2.7 million shares at a cost of $190.0 million, or an average cost of $70.50 per share. 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 27, 2021. Approximately $10.0 million remains available for repurchase under this plan. In January 2021, the Board of Directors authorized the repurchase of up to an additional $350 million of the Company’s common stock. As of March 27, 2021, no shares have been repurchased under the new plan.
Preferred Stock
We have 5.0 million shares of Preferred Stock authorized. As of March 27, 2021, we have not issued any of the authorized shares.