|
Stock Repurchase Program
|
9 Months Ended |
|---|---|
|
Sep. 29, 2012
|
|
| Stock Repurchase Program | 8. Stock Repurchase Program In August 2011, the Company’s board of directors authorized the repurchase of up to 3.0 million shares of the Company’s common stock under a repurchase program, which was terminated pursuant to its terms in April 2012. The stock repurchase program was carried out at the discretion of a committee comprised of the Company’s Chief Executive Officer and Chief Financial Officer through open market purchases, Rule 10b5-1 trading plans, block trades and in privately negotiated transactions. During the year ended December 31, 2011, 1.8 million shares were repurchased, at an average price of $19.61 per share, totaling $36.2 million. During the nine months ended September 29, 2012, 1.2 million shares were repurchased, at an average price of $22.74 per share, totaling $26.3 million. No shares were repurchased during the three months ended September 29, 2012. |