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Stockholders' Equity | 6 Months Ended
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Jun. 28, 2020
Stockholders Equity Note [Abstract] |
Stockholders' Equity | Note 9. Stockholders' Equity Stock Repurchases From time to time, the Company’s Board of Directors has authorized programs under which the Company may repurchase shares of its common stock, depending on market conditions, in the open market or through privately negotiated transactions. Under the authorizations, the timing and actual number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash requirements for acquisitions and the price of the Company’s common stock. As of June 28, 2020, 2.7 million shares remained authorized for repurchase under the repurchase program. In the six months ended June 28, 2020 and June 30, 2019, the Company repurchased, reported based on trade date, approximately 0.9 million shares and 1.0 million shares of common stock, respectively, at a cost of approximately $22.5 million and $32.0 million, respectively, under the repurchase authorization. The Company repurchased, as reported based on trade date, approximately 149,000 shares of common stock at a cost of $3.6 million and approximately 168,000 shares of common stock at a cost of $5.7 million, to administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs during the six months ended June 28, 2020 and June 30, 2019, respectively. These shares were retired upon repurchase. The Company’s policy related to repurchases of its common stock is to charge the excess of cost over par value to retained earnings. All repurchases were made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Accumulated Other Comprehensive Income The following table sets forth the changes in accumulated other comprehensive income ("AOCI") by component during the six months ended June 28, 2020 and June 30, 2019:
|  | Unrealized gains (losses) on available -for-sale investments |  |  | Unrealized gains (losses) on derivatives |  |  | Estimated tax benefit (provision) |  |  | Total |
|  | (In thousands) |
Balance as of December 31, 2019 |  | $ | (2 | ) |  | $ | 22 |  |  | $ | 1 |  |  | $ | 21 |
Other comprehensive income (loss) before reclassifications |  |  | — |  |  |  | 922 |  |  |  | (196 | ) |  |  | 726 |
Less: Amount reclassified from accumulated other comprehensive income |  |  | — |  |  |  | 937 |  |  |  | (197 | ) |  |  | 740 |
Net current period other comprehensive income (loss) |  |  | — |  |  |  | (15 | ) |  |  | 1 |  |  |  | (14 | )
Balance as of June 28, 2020 |  | $ | (2 | ) |  | $ | 7 |  |  | $ | 2 |  |  | $ | 7 |
|  | Unrealized gains (losses) on available -for-sale investments |  |  | Unrealized gains (losses) on derivatives |  |  | Estimated tax benefit (provision) |  |  | Total |
|  | (In thousands) |
Balance as of December 31, 2018 |  | $ | (18 | ) |  | $ | (8 | ) |  | $ | 11 |  |  | $ | (15 | )
Other comprehensive income (loss) before reclassifications |  |  | 16 |  |  |  | 863 |  |  |  | (187 | ) |  |  | 692 |
Less: Amount reclassified from accumulated other comprehensive income |  |  | — |  |  |  | 842 |  |  |  | (177 | ) |  |  | 665 |
Net current period other comprehensive income (loss) |  |  | 16 |  |  |  | 21 |  |  |  | (10 | ) |  |  | 27 |
Balance as of June 30, 2019 |  | $ | (2 | ) |  | $ | 13 |  |  | $ | 1 |  |  | $ | 12 |
The following tables provide details about significant amounts reclassified out of each component of AOCI for the three and six months ended June 28, 2020 and June 30, 2019:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 28, 2020 |  |  | June 30, 2019 |  |  | June 28, 2020 |  |  | June 30, 2019 |
|  | (In thousands) |
Amount Reclassified from AOCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains (losses) on cash flow hedge: |
Foreign currency forward contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affected line item in the statement of operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  | $ | 343 |  |  | $ | 672 |  |  | $ | 1,019 |  |  | $ | 1,086 |
Cost of revenue |  |  | 1 |  |  |  | (6 | ) |  |  | (1 | ) |  |  | (8 | )
Research and development |  |  | 7 |  |  |  | (20 | ) |  |  | 5 |  |  |  | (46 | )
Sales and marketing |  |  | 5 |  |  |  | (98 | ) |  |  | (72 | ) |  |  | (167 | )
General and administrative |  |  | (1 | ) |  |  | (12 | ) |  |  | (14 | ) |  |  | (23 | )
Total before tax |  |  | 355 |  |  |  | 536 |  |  |  | 937 |  |  |  | 842 |
Tax impact |  |  | (75 | ) |  |  | (113 | ) |  |  | (197 | ) |  |  | (177 | )
Total, net of tax |  | $ | 280 |  |  | $ | 423 |  |  | $ | 740 |  |  | $ | 665 |

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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