Changes in Stockholders' Equity and Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 27, 2014

Stockholders' Equity Note [Abstract]

Changes in Stockholders' Equity and Accumulated other Comprehensive Loss

Changes in Stockholders' Equity and Accumulated Other Comprehensive Loss (in thousands):

	Common stock		Paid-in  capital		Treasury stock			Accumulated deficit			Accumulated other comprehensive loss			Total
Balances, December 28, 2013	$	1,157	$	626,861	$	—		$	(242,193	)	$	(145	)	$	385,680
Net income for the nine months ended September 27, 2014	—		—		—			33,161			—			33,161
Unrealized loss related to marketable securities, net	—		—		—			—			(280		)	(280		)
Realized gain on sale of auction rate securities, previously unrealized, net of tax	—		—		—			—			(1,147		)	(1,147		)
Recognized loss on redemption of marketable securities, previously unrealized	—		—		—			—			98			98
Translation adjustments	—		—		—			—			579			579
Common stock issued in connection with the exercise of stock options, ESPP and vested RSUs, net of tax	32		8,463		—			—			—			8,495
Stock repurchase	—		—		(1,700		)	—			—			(1,700		)
Stock-based compensation expense related to stock options, ESPP and RSUs	—		9,543		—			—			—			9,543
Balances, September 27, 2014	$	1,189	$	644,867	$	(1,700	)	$	(209,032	)	$	(895	)	$	434,429

On February 27, 2013, our Board of Directors approved a stock repurchase program pursuant to which up to $20.0 million of outstanding common stock could be repurchased from time to time. The duration of the repurchase program was twelve months. During fiscal 2013, approximately 0.8 million shares were repurchased for $3.7 million. The 2013 program expired during the three months ended March 29, 2014. No shares were repurchased during those three months.

On March 3, 2014, our Board of Directors approved a stock repurchase program pursuant to which up to $20.0 million of outstanding common stock may be repurchased from time to time. The duration of the repurchase program is twelve months. During the three and nine months ended September 27, 2014, approximately 0.2 million shares were repurchased, in aggregate for $1.7 million under this program. We expect that all future repurchases will be open market transactions funded from available working capital.