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Stock Repurchase Program
6 Months Ended
Jun. 28, 2011
Stock Repurchase Program  
Stock Repurchase Program

(10)  Stock Repurchase Program

 

On February 17, 2011, our Board of Directors approved a stock repurchase program under which it authorized us to repurchase up to $50.0 million of our common stock.  Any repurchases will be made through open market transactions.  The timing and the amount of any repurchases will be determined by management under parameters established by our Board of Directors, based on its evaluation of our stock price, market conditions and other corporate considerations.

 

For the 13 weeks ended June 28, 2011, we made no repurchases of our common stock.  For the 26 weeks ended June 28, 2011, we paid approximately $25.3 million to repurchase 1,500,000 shares of our common stock.  These shares were retired in the second quarter of 2011.