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Stockholders' Equity | 12 Months Ended
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Jan. 03, 2025
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Note 8: Stockholders’ Equity Preferred Stock The Company has authorized 2,000,000 shares of undesignated preferred stock with a par value of $0.001 per share. None of the preferred shares were issued and outstanding at January 3, 2025 and December 29, 2023. Dividends The Company declared and paid cash dividends per share of common stock during the periods presented as follows:
|  | Fiscal Year |
|  | 2024 |
|  | Dividends |  |  | Amount |
|  | Per Share |  |  | (in thousands) |
First Quarter |  | $ | 0.280 |  |  | $ | 14,159 |
Second Quarter |  | $ | 0.280 |  |  |  | 14,193 |
Third Quarter |  | $ | 0.280 |  |  |  | 14,212 |
Fourth Quarter |  | $ | 0.280 |  |  |  | 14,226 |
|  |  |  |  | $ | 56,790 |
|  | Fiscal Year |
|  | 2023 |
|  | Dividends |  |  | Amount |
|  | Per Share |  |  | (in thousands) |
First Quarter |  | $ | 0.260 |  |  | $ | 13,169 |
Second Quarter |  | $ | 0.260 |  |  |  | 13,217 |
Third Quarter |  | $ | 0.260 |  |  |  | 13,177 |
Fourth Quarter |  | $ | 0.260 |  |  |  | 13,148 |
|  |  |  |  | $ | 52,711 |
Treasury Stock Net losses related to the re-issuance of treasury stock to settle restricted stock unit and stock option awards of $720,000, $1,009,000 and $1,392,000 were recorded as a reduction to retained earnings during 2024, 2023 and 2022, respectively. Repurchase of Common Stock The Company repurchased 74,000 shares of its common stock for $5,710,000 during 2024. The Company repurchased 288,000 shares of its common stock for $24,208,000 during 2023. The Company repurchased 1,756,000 shares of its common stock for $155,856,000 during 2022. On February 1, 2024, the Board of Directors authorized $61,600,000 for the repurchase of the Company’s common stock. On February 22, 2022, the Board of Directors authorized $150,000,000 for the repurchase of the Company’s common stock. These repurchase programs have no expiration dates. As of January 3, 2025, the Company had remaining authorization under its stock repurchase plan of $94,290,000 to repurchase shares of common stock.

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