Stockholders' Deficit

3 Months Ended

Mar. 27, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

4. Stockholders’ Deficit

The following table summarizes changes in Stockholders’ Deficit for the first quarter of 2016.


													Accumulated Other Comprehensive Loss
							Additional Paid-in Capital
	Common Stock									Retained Deficit
	Shares			Amount						Retained Deficit
Balance at January 3, 2016		49,838,221		$	498		$	6,942		$	(1,804,143	)	$	(3,548	)
Net income		—			—			—			45,451			—
Common stock dividends		—			—			—			(19,004	)		—
Issuance of common stock, net		26,821			—			—			—			—
Tax payments for restricted stock upon vesting		(24,947	)		—			(3,036	)		—			—
Purchases of common stock		(456,936	)		(5	)		5			—			—
Exercise of stock options		727,680			8			9,174			—			—
Tax impact from equity-based compensation		—			—			31,896			—			—
Non-cash compensation expense		—			—			4,898			—			—
Currency translation adjustment, net of tax		—			—			—			—			585

Balance at March 27, 2016		50,110,839		$	501		$	49,879		$	(1,777,696	)	$	(2,963	)

On March 14, 2016, the Company received and retired 456,936 shares of its common stock in connection with the final settlement of its previously announced $600.0 million accelerated share repurchase (“ASR”) program. At the commencement of the program, in the fourth quarter of 2015, the Company paid $600.0 million to a counterparty and received and retired a portion of the shares from the ASR program, based on the terms of the related ASR agreement.