Share Repurchase

6 Months Ended

Jun. 29, 2025

Equity [Abstract]

Share Repurchase

Share Repurchase

We have a share repurchase program which allows us to purchase our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This program is funded with cash on hand and cash flows from operating activities. As of June 29, 2025, we had $240.0 million of authorizations remaining under the program. This share repurchase authorization does not have an expiration date.

During the three months ended June 29, 2025, we repurchased 0.2 million shares of our common stock for an aggregate cost of $15.5 million at an average price per share of $101.06. During the six months ended June 29, 2025, we repurchased 1.0 million shares of our common stock for an aggregate cost of $100.0 million at an average price per share of $103.76.

During the three months ended June 30, 2024, we did not repurchase shares of our common stock. During the six months ended June 30, 2024, we repurchased 0.7 million shares of our common stock for an aggregate cost of $57.9 million at an average price per share of $85.66.