Stockholders' Equity

12 Months Ended

Dec. 31, 2021

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 31, 2021 and January 1, 2021.

Dividends

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

	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
	Fiscal Years
	2020
	Dividends		Amount
	Per Share		(in thousands)
First Quarter	$	0.190	$	9,913
Second Quarter	$	0.190		9,801
Third Quarter	$	0.190		9,808
Fourth Quarter	$	0.190		9,839
			$	39,361

Treasury Stock

Net losses related to the re-issuance of treasury stock to settle restricted stock unit and stock option awards of $1,679,000, $4,538,000 and $5,146,000 were recorded as a reduction to retained earnings during 2021, 2020 and 2019, respectively.

Repurchase of Common Stock

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. The Company repurchased 342,000 shares of its common stock for $21,957,000 during 2019. On May 29, 2020, the Board of Directors authorized $45,000,000 for the repurchase of the Company’s common stock. On January 31, 2019 the Board of Directors authorized $75,000,000 for the repurchase of the Company’s common stock. These repurchase programs have no expiration dates. As of December 31, 2021, the Company had remaining authorization under its stock repurchase plan of $68,455,000 to repurchase shares of common stock.