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Capital Structure | 12 Months Ended
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Dec. 29, 2024
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Capital Structure | (10) Capital Structure On February 21, 2024, the Company’s Board of Directors authorized an additional share repurchase program to repurchase up to $1.0 billion of the Company’s common stock, in addition to the $141.3 million that was previously remaining under the previous July 20, 2021 authorization for a total authorization of $1.14 billion for future share repurchases as of that date. As of December 29, 2024, the Company had $814.3 million remaining under its authorization for repurchases of shares of the Company’s common stock. The Company’s share repurchase programs have historically been funded by excess operating cash flows, excess proceeds from the Company’s recapitalization transactions and borrowings under the Company’s variable funding notes. 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. During 2024, 2023 and 2022, the Company repurchased 758,242 shares, 789,977 shares and 739,847 shares of the Company’s common stock for $327.0 million, $269.0 million and $293.7 million, respectively. As of December 29, 2024, 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 29, 2024 and December 31, 2023 were as follows:
|  | December 29, 2024 |  |  | December 31, 2023 |
Voting |  |  | 34,278,732 |  |  |  | 34,722,988 |
Non-Voting |  |  | 3,195 |  |  |  | 3,194 |
Total Common Stock |  |  | 34,281,927 |  |  |  | 34,726,182 |

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