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Changes in Stockholders' Deficit (Tables)
6 Months Ended
Jun. 16, 2019
Federal Home Loan Banks [Abstract]  
Changes in Stockholders' Deficit
The following table summarizes changes in stockholders’ deficit for the second quarter of 2019.
                                         
 
   
   
   
   
Accumulated
 
 
   
   
Additional
   
   
Other
 
 
Common Stock
   
Paid-in
   
Retained
   
Comprehensive
   
 
Shares
   
Amount
   
Capital
   
Deficit
   
Loss
 
Balance at March 24, 2019
   
41,083,890
    $
411
    $
5,464
    $  
(2,976,848
)   $
(4,192
)
Net income
   
—  
     
—  
     
—  
     
92,359
     
—  
 
Dividends declared on common stock and equivalents ($
0.65
per share)
   
—  
     
—  
     
—  
     
(26,789
)    
—  
 
Issuance and cancellation of stock awards, net
   
(3,079
)    
—  
     
—  
     
—  
     
—  
 
Tax payments for restricted stock upon vesting
   
(377
)    
—  
     
(100
)    
—  
     
—  
 
Purchases of common stock
   
(12,295
)    
(1
)    
(3,308
)    
—  
     
—  
 
Exercise of stock options
   
164,219
     
2
     
4,751
     
—  
     
—  
 
Non-cash
compensation expense
   
—  
     
—  
     
3,981
     
—  
     
—  
 
Currency translation adjustment
   
—  
     
—  
     
—  
     
—  
     
(16
)
                                         
Balance at June 16, 2019
   
41,232,358
    $
412
    $
10,788
    $  
(2,911,278
)   $
(4,208
)
                                         
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes changes in stockholders
deficit for the two fiscal quarters of 2019.
                                         
 
   
   
   
   
Accumulated
 
 
   
   
Additional
   
   
Other
 
 
Common Stock
   
Paid-in
   
Retained
   
Comprehensive
   
 
Shares
   
Amount
   
Capital
   
Deficit
   
Loss
 
Balance at December 30, 2018
   
40,977,561
    $
410
    $
569
    $  
(3,036,471
)   $
(4,429
)
Net income
   
—  
     
—  
     
—  
     
185,009
     
—  
 
Dividends declared on common stock and equivalents ($
1.30
per share)
   
—  
     
—  
     
—  
     
(53,454
)    
—  
 
Issuance and cancellation of stock awards, net
   
5,161
     
     
—  
     
—  
     
—  
 
Tax payments for restricted stock upon vesting
   
(9,441
)    
—  
     
(2,567
)    
—  
     
—  
 
Purchases of common stock
   
(45,844
)    
(1
)    
(5,090
)    
(6,362
)    
—  
 
Exercise of stock options
   
304,921
     
3
     
9,287
     
—  
     
—  
 
Non-cash
compensation expense
   
—  
     
—  
     
8,589
     
—  
     
—  
 
Currency translation adjustment
   
—  
     
—  
     
—  
     
—  
     
221
 
                                         
Balance at June 16, 2019
   
41,232,358
    $
412
    $
10,788
    $
(2,911,278
)   $
(4,208
)
                                         
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subsequent to the second quarter, on
July 10, 2019
, the Company’s Board of Directors declared a $0.65 per share quarterly dividend on its outstanding common stock for shareholders of record as of
September 13, 2019
to be paid on
September 30, 2019
.
The following table summarizes changes in stockholders’ deficit for the second quarter of 2018.
                                         
 
   
   
   
   
Accumulated
 
 
   
   
Additional
   
   
Other
 
 
Common Stock
   
Paid-in
   
Retained
   
Comprehensive
   
 
Shares
   
Amount
   
Capital
   
Deficit
   
Loss
 
Balance at March 25, 2018
   
42,625,881
      $
426
    $
137
    $  
(2,768,591
)   $
(2,836
)
Net income
   
—  
     
—  
     
—  
     
77,408
     
—  
 
Dividends declared on common stock and equivalents ($
0.55
per share)
   
—  
     
—  
     
—  
     
(23,012
)    
—  
 
Issuance and cancellation of stock awards, net
   
(1,340
)    
—  
     
—  
     
—  
     
—  
 
Tax payments for restricted stock upon vesting
   
(76
   
—  
     
(19
)    
—  
     
—  
 
Purchases of common stock
   
(905,556
)    
(9
)    
(6,248
)    
(212,726
)    
—  
 
Exercise of stock options
   
118,784
     
1
     
1,487
     
—  
     
—  
 
Non-cash
compensation expense
   
—  
     
—  
     
5,380
     
—  
     
—  
 
Currency translation adjustment
   
—  
     
—  
     
—  
     
—  
     
(603
)
                                         
Balance at June 17, 2018
   
41,837,693
    $
418
    $
737
    $
(2,926,921
)   $
(3,439
)
                                         
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2018.
                                         
 
   
   
   
   
Accumulated
 
 
   
   
Additional
   
   
Other
 
 
Common Stock
   
Paid-in
   
Retained
   
Comprehensive
   
 
Shares
   
Amount
   
Capital
   
Deficit
   
Loss
 
Balance at December 31, 2017
   
42,898,329
    $
429
    $
5,654
    $  
(2,739,437
)   $
(2,030
)
Net income
   
—  
     
—  
     
—  
     
166,235
     
—  
 
Dividends declared on common stock and equivalents ($
1.10
per share)
   
—  
     
—  
     
—  
     
(46,561
)    
—  
 
Issuance and cancellation of stock awards, net
   
7,866
     
—  
     
—  
     
—  
     
—  
 
Tax payments for restricted stock upon vesting
   
(10,237
)    
—  
     
(2,318
)    
—  
     
—  
 
Purchases of common stock
   
(1,353,564
)    
(14
)    
(19,245
)    
(300,808
)    
—  
 
Exercise of stock options
   
295,299
     
3
     
5,203
     
—  
     
—  
 
Non-cash
compensation expense
   
—  
     
—  
     
11,443
     
—  
     
—  
 
Adoption of revenue recognition accounting standard
   
—  
     
—  
     
—  
     
(6,701
)    
—  
 
Currency translation adjustment
   
—  
     
—  
     
—  
     
—  
     
(1,058
)
Reclassification adjustment for stranded taxes
   
—  
     
—  
     
—  
     
351
     
(351
)
                                         
Balance at June 17, 2018
   
41,837,693
    $
418
    $
737
    $
(2,926,921
)   $
(3,439
)