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Stock Repurchase Program
6 Months Ended
Jun. 29, 2021
Stock Repurchase Program  
Stock Repurchase Program

(11) Stock Repurchase Program

On May 31, 2019, our Board of Directors approved a stock repurchase program under which we may repurchase up to $250.0 million of our common stock. This stock repurchase program has no expiration date and replaced a previous stock repurchase program which was approved on May 22, 2014. All repurchases to date under our stock repurchase programs have been made through open market transactions. The timing and the amount of any repurchases are determined by management under parameters established by our Board of Directors, based on an evaluation of our stock price, market conditions and other corporate considerations.

For both of the 13 weeks ended June 29, 2021 and June 30, 2020, we did not repurchase any shares of our common stock. For the 26 weeks ended June 29, 2021, we did not repurchase any shares of our common stock. For the 26 weeks ended June 30, 2020, we paid $12.6 million to repurchase 252,409 shares of our common stock. On March 17, 2020, we suspended all share repurchase activity. As of June 29, 2021, we had $147.8 million remaining under our authorized stock repurchase program.