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Stock Repurchase Program
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6 Months Ended |
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Jun. 29, 2013
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| Equity [Abstract] | |
| Stock Repurchase Program | 8. Stock Repurchase Program In February 2013, the Company’s board of directors authorized the repurchase of up to 6.0 million shares of the Company’s common stock under a new stock repurchase program. The stock repurchase program may be carried out at the discretion of a committee comprised of the Company’s Chief Executive Officer and Chief Financial Officer through open market purchases, one or more Rule 10b5-1 trading plans, block trades and in privately negotiated transactions. During the three months ended June 29, 2013, 0.2 million shares were repurchased under the new repurchase program, at an average price of $19.85 per share, totaling $4.4 million. During the six months ended June 29, 2013, 1.0 million shares were repurchased under the new repurchase program, at an average price of $19.79 per share, totaling $19.8 million. During the three months ended June 30, 2012, 0.3 million shares were repurchased under a previously authorized share repurchase program, at an average price of $23.54 per share, totaling $5.1 million, which completed the previously authorized stock repurchase program. During the six months ended June 30, 2012, 1.2 million shares were repurchased under the previously authorized share repurchase program, at an average price of $22.74 per share, totaling $26.3 million. |