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Treasury Stock
9 Months Ended
Sep. 28, 2012
Treasury Stock

Note 5: Treasury Stock

 

On February 19, 2009, the Company’s Board of Directors authorized $25.1 million for the repurchase of the Company’s common stock. On May 25, 2011, the Company’s Board of Directors authorized an additional $35 million for the repurchase of the Company’s common stock. On February 9, 2012, the Company’s Board of Directors authorized an additional $35 million for the repurchase of the Company’s common stock.

 

The Company repurchased 404,948 shares of its common stock for $19,437,000 during the nine months ended September 28, 2012.  The Company repurchased 971,615 shares of its common stock for $39,333,000 during the nine months ended September 30, 2011. As of September 28, 2012, the Company had $24,969,000 remaining as authorized to repurchase shares of common stock under its stock repurchase plans.

 

The Company reissued 292,316 shares of its treasury stock with a cost of $7,902,000 to settle restricted stock unit awards, stock options and purchases under the Employee Stock Purchase Plan during the nine months ended September 28, 2012. The Company reissued 242,838 shares of its treasury stock with a cost of $6,199,000 to settle restricted stock unit awards, stock options and purchases under the Employee Stock Purchase Plan during the nine months ended September 30, 2011.