Stockholder's Equity

3 Months Ended

Jun. 25, 2011

Stockholder's Equity

Stockholder's Equity

9.    Stockholder's Equity

Common Stock

        The Company issued 0.1 million and 2.0 million shares of common stock, respectively, for the three month periods ending June 25, 2011 and June 26, 2010, in connection with stock option exercises during the periods.

Comprehensive Income

        The components of comprehensive income, net of tax, are as follows (in thousands):

		Three Months Ended
		June 25,	June 26,
		2011	2010
Net income		$                  9,178	$                17,602
Adjustments to arrive at comprehensive income:
	Change in unrealized gain on marketable securities	5	(100)
Comprehensive income		$                  9,183	$                17,502

Share Repurchase Program

On November 4, 2010, we announced that a new $80 million share repurchase program had been approved by our Board of Directors. In the third quarter of fiscal year 2011, 216 thousand shares were repurchased at a cost of $2.8 million, or an average price of $12.80 per share. In the first quarter of fiscal year 2012, the Company completed the repurchase of approximately 3.5 million shares of the Company's stock, at a total cost of $56.5 million, or an average cost of $15.94 per share. As of June 25, 2011, approximately $20.7 million remains available for share repurchases under this $80 million share repurchase program. All shares of our common stock that were repurchased were cancelled and retired.