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Treasury Stock | 9 Months Ended
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Sep. 25, 2021
Equity [Abstract] |
Treasury Stock | Treasury Stock: The Company’s Board of Directors has authorized common stock repurchases under a share repurchase program which was announced in February 2007. The authorization amount of the program, which has been increased from time to time, is currently authorized for up to $4.5 billion, exclusive of any fees, commissions, or other expenses related to such repurchases. The share repurchase program does not have an expiration date. The repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing and amount of any shares repurchased under the program will depend on a variety of factors, including price, corporate and regulatory requirements, capital availability, and other market conditions. Repurchased shares are accounted for at cost and will be held in treasury for future issuance. The program may be limited, temporarily paused (as it was from March 12, 2020 until November 5, 2020 in order to strengthen the Company's liquidity and preserve cash while navigating the COVID-19 pandemic), or terminated at any time without prior notice. As of September 25, 2021, the Company had remaining authorization under the share repurchase program of $545.9 million, exclusive of any fees, commissions, or other expenses. The following table provides the number of shares repurchased, average price paid per share, and total amount paid for share repurchases during the fiscal three and nine months ended September 25, 2021 and September 26, 2020, respectively (in thousands, except per share amounts):
| Fiscal Three Months Ended |  | Fiscal Nine Months Ended
| September 25, 2021 |  | September 26, 2020 |  | September 25, 2021 |  | September 26, 2020
Total number of shares repurchased | 744 |  |  | — |  |  | 3,462 |  |  | 2,853 |
Average price paid per share | $ | 190.03 |  |  | $ | — |  |  | $ | 172.73 |  |  | $ | 92.28 |
Total cash paid for share repurchases | $ | 141,259 |  |  | $ | — |  |  | $ | 597,973 |  |  | $ | 263,219 |

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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