Stockholder's Equity

12 Months Ended

Mar. 25, 2017

Stockholder's Equity [Abstract]

Stockholder's Equity

13.      Stockholders’ Equity

Share Repurchase Program

On October 28, 2015, 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 25, 2017, the Company had repurchased 0.8 million shares under this plan at a cost of approximately $24.2 million, or an average cost of $31.93 per share.  Of this total, 0.5 million shares were purchased in fiscal year 2017 at a cost of $15.4 million, or an average cost of $32.13 per share.  Approximately $175.8 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 25, 2017.  

Preferred Stock

We have 5.0 million shares of Preferred Stock authorized.  As of March 25, 2017, we have not issued any of the authorized shares.