Stockholders' Equity

12 Months Ended

Jan. 01, 2016

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 January 1, 2016 and January 2, 2015.

Dividends

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

	Fiscal Year 2015
	Dividends		Amount
	Per Share		(in thousands)
First Quarter	$	0.15	$	3,858
Second Quarter	$	0.15		3,887
Third Quarter	$	0.15		3,870
Fourth Quarter	$	0.15		3,867
			$	15,482

	Fiscal Year 2014
	Dividends		Amount
	Per Share		(in thousands)
First Quarter	$	0.125	$	3,262
Second Quarter	$	0.125		3,270
Third Quarter	$	0.125		3,262
Fourth Quarter	$	0.125		3,216
			$	13,010

On February 3, 2016 the Company’s Board of Directors announced a cash dividend of $0.18 per share of the Company’s common stock, payable March 25, 2016, to stockholders of record as of March 4, 2016. The Company expects to continue paying quarterly dividends in the future, subject to declaration by the Company’s Board of Directors.

Treasury Stock

Net losses related to the re-issuance of treasury stock to settle restricted stock unit and stock option awards of $4,943,000, $6,050,000 and $10,383,000 were recorded as a reduction to retained earnings during fiscal 2015, 2014 and 2013, respectively.

Repurchase of Common Stock

The Company repurchased 530,000 shares of its common stock for $23,314,000 during the fiscal year ended January 1, 2016. The Company repurchased 850,000 shares of its common stock for $30,921,000 during the fiscal year ended January 2, 2015. The Company repurchased 876,000 shares of its common stock for $25,011,000 during the fiscal year ended January 3, 2014. On October 20, 2015 the Board of Directors authorized an additional $35,000,000 for the repurchase of Exponent’s common stock. On May 29, 2014 the Board of Directors authorized an additional $35,000,000 for the repurchase of Exponent’s common stock. On February 15, 2013 the Board of Directors authorized $35,000,000 for the repurchase of Exponent’s common stock. These repurchase programs have no expiration dates. As of January 1, 2016, the Company had remaining authorization under its stock repurchase plan of $46,765,000 to repurchase shares of common stock.