Repurchase of Common Stock

3 Months Ended

Apr. 01, 2017

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
	April 1, 2017		April 2, 2016
Amount repurchased under Board-approved share repurchase program	$	50,000	$	50,000
Amount repurchased in connection with the vesting of employee restricted stock grants	4,794		1,240
Total amount repurchased	$	54,794	$	51,240

As of April 1, 2017, the remaining authorization under our Board-approved share repurchase program was $195 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.