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Stock Repurchase Program - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 36 Months Ended
Oct. 02, 2021
Apr. 03, 2021
Sep. 26, 2020
Jun. 27, 2020
Mar. 28, 2020
Oct. 02, 2021
Sep. 26, 2020
Oct. 29, 2024
Sep. 11, 2021
Oct. 29, 2021
Jul. 01, 2018
Class of Stock [Line Items]                      
Treasury Stock, Shares, Acquired 0   0     547,000 4,000        
Treasury Stock Acquired, Average Cost Per Share $ 0   $ 0     $ 235.88 $ 164.44        
Value of shares repurchased $ 0 $ 128,917 $ 0 $ 220 $ 371 $ 128,917 $ 591        
Stock Repurchase Program          
17. Stock Repurchase Program
In October 2021, the Company’s Board of Directors (Board) approved a stock repurchase program, authorizing the Company to purchase up to 3.0 million shares of its common stock over a period of up to three years (2021 Repurchase Program). The Company expects to fund the 2021 Repurchase Program through its available cash, cash expected to be generated from future operations, the credit facility and other potential sources of capital. The 2021 Repurchase Program can be carried out at the discretion of a committee comprised of the CEO and CFO through open market purchases, one or more Rule 10b5-1 trading plans, block trades and privately negotiated transactions.
In July 2018, the Company’s Board approved a stock repurchase program, authorizing the Company to purchase up to 5.0 million additional shares of its common stock over a period of up to three years (2018 Repurchase Program). During the third quarter of 2021, the 2018 Repurchase Program expired.
The following table provides a summary of the Company’s stock repurchase activities (in thousands, except per share amounts):
Three Months EndedNine Months Ended
October 2,
2021
September 26,
2020
October 2,
2021
September 26,
2020
Shares repurchased(1)
— — 547 
Average cost per share$— $— $235.88 $164.44 
Value of shares repurchased$— $— $128,917 $591 
______________
(1)     Excludes shares withheld from the shares of its common stock actually issued in connection with the vesting of PSU or RSU awards to satisfy certain U.S. federal and state tax withholding obligations.
         
2021 Repurchase Program | Common Stock | Subsequent Event                      
Class of Stock [Line Items]                      
Number of common shares authorized to be repurchased under new stock repurchase program                   3,000,000  
Stock Repurchase Program, Period               3 years      
2018 Repurchase Program | Common Stock                      
Class of Stock [Line Items]                      
Number of common shares authorized to be repurchased under new stock repurchase program                     5,000,000
Stock Repurchase Program, Period                 3 years