Subsequent Events

6 Months Ended

Jun. 28, 2015

Subsequent Events

Subsequent Events

13.Subsequent Events

Dividend Declared

On July 28, 2015, the Company declared a quarterly dividend of seventeen cents ($0.17) per share on each outstanding share of Class A common stock and Class B common stock payable on August 28, 2015 to stockholders of record at the close of business on August 17, 2015.

Stock Repurchase Program

On July 27, 2015, the Board of Directors authorized a stock repurchase program of up to $100 million of the Company’s Class A common stock to be purchased from time to time on the open market or in privately negotiated transactions.  The timing and number of shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors.