Stockholders' Equity

9 Months Ended

Sep. 29, 2013

Equity [Abstract]

Stockholders’ Equity:

Stockholders’ Equity:

The following table summarizes the changes in stockholders’ equity during the first nine months of 2013:

	Common Stock					Capital In Excess of Par Value			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock
	Shares		Amount												Shares	Amount			Total
	(in thousands, except share information)
Balance at December 30, 2012	61,696,806		$	6,170		$	447,449		$	823,012		$	5,880		43,814,979	$	(1,139,237	)	$	143,274
Net income	—		—			—			47,935			—			—	—			47,935
Other comprehensive income	—		—			—			—			(596		)	—	—			(596		)
Stock-based compensation costs	—		—			6,603			—			—			—	—			6,603
Restricted stock issued, net of forfeitures	267,152		27			(27		)	—			—			—	—			—
Tax shortfall from restricted stock, net	—		—			(272		)	—			—			—	—			(272		)
Restricted stock returned for taxes	(71,465	)	(8		)	(2,183		)	—			—			—	—			(2,191		)
Repurchase of treasury shares	—		—			—			—			—			526,245	(18,112		)	(18,112		)
Dividends declared	—		—			—			(12,694		)	—			—	—			(12,694		)
Balance at September 29, 2013	61,892,493		$	6,189		$	451,570		$	858,253		$	5,284		44,341,224	$	(1,157,349	)	$	163,947

Cash Dividends

During the nine months endedSeptember 29, 2013 and September 30, 2012, we declared cash dividends to common stockholders of $12.7 million and $11.9 million, respectively. On October 29, 2013, our Board of Directors ("Board") approved a 13% increase in the Company's quarterly cash dividend and declared a cash dividend of $0.27 per share, which will be paid on December 27, 2013 to stockholders of record on December 5, 2013.

Stock Repurchase Program

On April 30, 2013, the Board authorized a $100 million increase to our existing Board approved stock repurchase program.

During the nine months endedSeptember 29, 2013, we repurchased 526,245 shares of our common stock at an average price of $34.42 per share for an aggregate purchase price of $18.1 million. As of September 29, 2013, $128.9 million remained available for us to repurchase shares of our common stock in the future, under our stock repurchase program as most recently amended April 30, 2013.

Our stock repurchase program does not have an expiration date, and the pace of our repurchase activity will depend on factors such as our working capital needs, our debt repayment obligations, the market price of our common stock and economic and market conditions. Our share repurchases may be performed from time to time through open market purchases, accelerated share repurchases or in privately negotiated transactions. Although there are no current plans to modify the implementation of our stock repurchase program, our Board may elect to accelerate, expand, suspend, delay or discontinue the program at any time.