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Share Repurchase Authorization | 12 Months Ended
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Dec. 30, 2023
Share Repurchase Program [Abstract] |
Share Repurchase Authorization | 16. Share Repurchase Authorization: In November 2020, the Onto Innovation Board of Directors approved a share repurchase authorization, which allows the Company to repurchase up to $100,000 worth of shares of its common stock. Repurchases may be made through both public market and private transactions from time to time with shares purchased being subsequently retired. During the twelve months ended December 30, 2023, the Company repurchased and retired 46 shares of its common stock under this repurchase authorization and those shares were subsequently retired. At December 30, 2023, there was $31,577 available for future share repurchases under this share repurchase authorization. The following table summarizes the Company’s stock repurchases:
|  | Year Ended |
|  | December 30, 2023 |  |  | December 31, 2022 |  |  | January 1, 2022 |
Shares of common stock repurchased |  |  | 46 |  |  |  | 1,018 |  |  |  | — |
Cost of stock repurchased |  | $ | 3,197 |  |  | $ | 65,257 |  |  | $ | — |
Average price paid per share |  | $ | 69.29 |  |  | $ | 64.09 |  |  | $ | - |

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