Repurchase of Common Stock

6 Months Ended

Jul. 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				Six Months Ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Amount repurchased under Board-approved share repurchase program	$	25,000	$	20,000	$	75,000	$	70,000
Amount repurchased in connection with the vesting of employee restricted stock grants	300		125		5,094		1,366
Total amount repurchased	$	25,300	$	20,125	$	80,094	$	71,366

As of July 1, 2017, the remaining authorization under our Board-approved share repurchase program was $170 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.