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Stockholders' Deficit (Tables)

3 Months Ended

Mar. 28, 2021

The following table summarizes changes in stockholders’ deficit for the first quarter of 2021.


	Common Stock						Additional Paid-in			Retained			Accumulated Other Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at January 3, 2021		38,868,350		$	389		$	5,122		$	(3,303,492	)	$	(2,424	)
Net income		—			—			—			117,761			—
Dividends declared on common stock and equivalents ($0.94 per share)		—			—			—			(36,475	)		—
Issuance and cancellation of stock awards, net		(2,755	)		—			—			—			—
Tax payments for restricted stock upon vesting		(2,791	)		—			(1,044	)		—			—
Purchases of common stock		(65,870	)		(1	)		(6,363	)		(18,636	)		—
Exercise of stock options		21,263			—			3,693			—			—
Non-cash equity-based compensation expense		—			—			5,204			—			—
Currency translation adjustment		—			—			—			—			186

Balance at March 28, 2021		38,818,197		$	388		$	6,612		$	(3,240,842	)	$	(2,238	)

Subsequent to the first quarter, on April 27, 2021, the Company’s Board of Directors declared a $0.94 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2021

to be paid on June 30, 2021.

The following table summarizes changes in stockholders’ deficit for the first quarter of 2020.


	Common Stock						Additional Paid-in			Retained			Accumulated Other Comprehensive
	Shares			Amount			Capital			Deficit			Loss
Balance at December 29, 2019		38,934,009		$	389		$	243		$	(3,412,649	)	$	(3,742	)
Net income		—			—			—			121,602			—
Dividends declared on common stock and equivalents ($0.78 per share)		—			—			—			(30,442	)		—
Issuance and cancellation of stock awards, net		1,645			—			—			—			—
Tax payments for restricted stock upon vesting		(5,929	)		—			(1,796	)		—			—
Purchases of common stock		(271,064	)		(3	)		(988	)		(78,599	)		—
Exercise of stock options		380,938			4			10,101			—			—
Non-cash equity-based compensation expense		—			—			4,914			—			—
Adoption of credit losses standard		—			—			—			1,102			—
Currency translation adjustment		—			—			—			—			(2,326	)

Balance at March 22, 2020		39,039,599		$	390		$	12,474		$	(3,398,986	)	$	(6,068	)