Repurchase of Common Stock

6 Months Ended

Jul. 02, 2016

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

Repurchase of Common Stock

Repurchases of our common stock were as follows (in thousands): 

	Three Months Ended				Six Months Ended
	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Amount repurchased under Board-approved share repurchase program	$	20,000	$	30,019	$	70,000	$	50,026
Amount repurchased in connection with the vesting of employee restricted stock grants	125		1,135		1,366		1,603
Total amount repurchased	$	20,125	$	31,154	$	71,366	$	51,629

Effective as of July 3, 2016, our Board approved an increase in our total remaining share repurchase authorization to $300 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 share 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.