Repurchase of Common Stock

3 Months Ended

Mar. 29, 2014

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

Repurchase of Common Stock

Repurchases of our common stock for the three months ended March 29, 2014 and March 30, 2013 were as follows (in thousands): 

	Three Months Ended
	March 29, 2014		March 30, 2013
Amount repurchased under Board-approved share repurchase program	$	10,011	$	10,009
Amount repurchased in connection with the vesting of employee restricted stock grants	225		135
Total amount repurchased	$	10,236	$	10,144

As of March 29, 2014, the remaining authorization under our Board of Directors ("Board") approved share repurchase program was $126.7 million. There is no expiration date governing the period over which we can repurchase shares. Any repurchased shares are constructively retired and returned to an unissued status.

The cost of stock repurchases is first charged to additional paid-in-capital. Once additional paid-in capital is reduced to zero, any additional amounts are charged to retained earnings.