XML 42 R29.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Common Stock (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of repurchase activity The following table summarizes our repurchase activity under our share repurchase programs for the three and six months ended June 30, 2024 and June 25, 2023:
(In thousands, except average price per share)Total Number of Shares PurchasedAverage Price Paid per ShareAggregate Cost of Shares Purchased Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Three Months Ended
June 30, 2024— $— $— $90,160 
June 25, 2023— $— $— $90,160 
(In thousands, except average price per share)
Total Number of Shares Purchased (a)
Average Price Paid per Share
Aggregate Cost of Shares Purchased (b)
Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Six Months Ended
June 30, 2024— $— $— $90,160 
June 25, 20232,523 $83.10 $209,640 $90,160 
(a)    Shares repurchased during the six months ended June 25, 2023 included 2,176,928 shares repurchased on March 1, 2023 from certain funds affiliated with, or managed by, Starboard Value LP (collectively, “Starboard”), at a price of $82.52 per share, for aggregate consideration of $179.6 million. Refer to Note 18 of the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2023 for further details.
(b)    Aggregate cost of shares purchased for the six months ended June 25, 2023 excluded $2.8 million of transaction costs directly attributable to share repurchases, including a 1% excise tax incurred under the Inflation Reduction Act of 2022. Of these costs, $2.1 million were classified as non-cash financing activities during the six months ended June 25, 2023.