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Stock Repurchase Program
3 Months Ended
Apr. 01, 2014
Stock Repurchase Program  
Stock Repurchase Program

(12)  Stock Repurchase Program

 

On February 16, 2012, our Board of Directors approved a stock repurchase program which authorized us to repurchase up to $100.0 million of our common stock.  This stock repurchase program has no expiration date. 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 week period ended April 1, 2014 we paid approximately $24.2 million to repurchase 960,000 shares of our common stock.  We did not repurchase any shares of our common stock during the 13 week period ended March 26, 2013.  As of April 1, 2014, we had $33.7 million remaining under our authorized stock repurchase program.