Stockholders' Equity

12 Months Ended

Dec. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 8: Stockholders’ Equity

Preferred Stock

The Company has authorized 2,000,000 shares of undesignated preferred stock with a par value of $0.001 per share. None of the preferred shares were issued and outstanding at December 30, 2022 and December 31, 2021.

Dividends

The Company declared and paid cash dividends per share of common stock during the periods presented as follows:

	Fiscal Years
	2022
	Dividends		Amount
	Per Share		(in thousands)
First Quarter	$	0.240	$	12,383
Second Quarter	$	0.240		12,345
Third Quarter	$	0.240		12,225
Fourth Quarter	$	0.240		12,153
			$	49,106
	Fiscal Years
	2021
	Dividends		Amount
	Per Share		(in thousands)
First Quarter	$	0.200	$	10,423
Second Quarter	$	0.200		10,419
Third Quarter	$	0.200		10,421
Fourth Quarter	$	0.200		10,423
			$	41,686

Treasury Stock

Net losses related to the re-issuance of treasury stock to settle restricted stock unit and stock option awards of $1,392,000, $1,679,000 and $4,538,000 were recorded as a reduction to retained earnings during 2022, 2021 and 2020, respectively.

Repurchase of Common Stock

The Company repurchased 1,756,000 shares of its common stock for $155,856,000 during 2022. The Company repurchased 78,000 shares of its common stock for $7,000,000 during 2021. The Company repurchased 636,000 shares of its common stock for $40,049,000 during 2020. On February 22, 2022, the Board of Directors authorized $150,000,000 for the repurchase of the Company’s common stock. On May 29, 2020, the Board of Directors authorized $45,000,000 for the repurchase of the Company’s common stock. These repurchase programs have no expiration dates. As of December 30, 2022, the Company had remaining authorization under its stock repurchase plan of $62,598,000 to repurchase shares of common stock.