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Stock Repurchase Program
6 Months Ended
Jun. 30, 2015
Stock Repurchase Program  
Stock Repurchase Program

 

(11)  Stock Repurchase Program

 

On May 22, 2014, our Board of Directors approved a stock repurchase program under which we may repurchase up to $100.0 million of our common stock.  This stock repurchase program has no expiration date and replaced a previous stock repurchase program which was approved on February 16, 2012.  All repurchases to date under our stock repurchase program have been 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 both of the 13 and 26 week periods ended June 30, 2015 we paid approximately $3.1 million to repurchase 88,089 shares of our common stock.  As of June 30, 2015, we had approximately $82.3 million remaining under our authorized stock repurchase program.  For the 13 and 26 week periods ended July 1, 2014 we paid approximately $7.6 million and $31.8 million to repurchase 300,000 and 1,260,000 shares of our common stock, respectively.