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CAPITAL STRUCTURE | 12 Months Ended
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Dec. 29, 2013
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CAPITAL STRUCTURE |
(10) | CAPITAL STRUCTURE
The Company has a Board of Directors approved open market share repurchase program of the Company’s common stock, which was reset during the third quarter of 2012 at $200.0 million. The open market share repurchase program has historically been funded by excess cash flow and, if necessary, borrowings available under the Variable Funding Notes. During 2011, 2012 and 2013 the Company repurchased 6,414,813 shares, 2,472,863 shares and 1,666,435 shares of common stock for approximately $165.0 million, $88.2 million and $97.1 million, respectively. At December 29, 2013, the Company had approximately $55.2 million remaining under the $200.0 million authorization. The Company’s policy is to recognize the difference between the purchase price and par value of the common stock in additional paid-in capital. In instances where there is no additional paid-in capital, the difference is recognized in retained deficit. As of December 29, 2013, authorized common stock consists of 160,000,000 voting shares and 10,000,000 non-voting shares. The share components of outstanding common stock at December 30, 2012 and December 29, 2013 are as follows:
|  | 2012 |  |  | 2013 |
Voting |  |  | 56,295,495 |  |  |  | 55,750,918 |
Non-Voting |  |  | 17,754 |  |  |  | 17,754 |
Total Common Stock |  |  | 56,313,249 |  |  |  | 55,768,672 |

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