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Stock Repurchase Program
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Stock Repurchase Program
Stock Repurchase Program
In September 2015, the Company’s Board of Directors (Board) authorized a stock repurchase program, whereby the Company can purchase up to 5.0 million shares of its common stock over a period of up to three years (2015 Repurchase Program). The 2015 Repurchase Program can 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 privately negotiated transactions. The total remaining shares authorized for repurchase under the 2015 Repurchase Program approximated 1.9 million shares as of March 31, 2018. The Company expects to fund the 2015 Repurchase Program through its available cash, cash expected to be generated from future operations and other potential sources of capital.
The following table provides a summary of the Company’s stock repurchase activities during the three months ended March 31, 2018 and April 1, 2017 (in thousands, except per share amounts):
 
 
Three Months Ended
 
 
March 31,
2018
 
April 1,
2017
Shares repurchased
 
198

 
—

Average cost per share
 
$
84.14

 
$
—

Value of shares repurchased
 
$
16,490

 
$
—