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STOCK REPURCHASE PROGRAMS

9 Months Ended

Oct. 01, 2023

Equity [Abstract]

STOCK REPURCHASE PROGRAMS

STOCK REPURCHASE PROGRAMS

In December 2022, the Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $100 million, including the $38.2 million remaining under the previous authorization. Approximately $84.1 million remains in the amount of the Company's common stock that may be acquired under the current stock repurchase program as of October 1, 2023. Under the stock repurchase plan, the Company made repurchases of common stock as follows for the respective periods:

						Third Quarter Ended												Nine Months Ended
						October 1, 2023						September 25, 2022						October 1, 2023						September 25, 2022
Shares repurchased						6,184						154,388						185,993						808,642
Average price						$	74.43					$	48.18					$	65.79					$	60.28
Aggregate cost (in millions)						$	0.5					$	7.4					$	12.2					$	48.7

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- References

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- Definition

The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505-30/tableOfContent

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