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SUBSEQUENT EVENTS
3 Months Ended
Apr. 01, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 - SUBSEQUENT EVENTS

 

On May 5, 2017, the Company’s Board of Directors authorized a dividend of 48¢ per share, for shareholders of record as of May 19, 2017, payable on May 31, 2017.

 

On May 5, 2017, the Company’s Board of Directors expanded its authorization to repurchase shares of its common stock to $100 million.

 

The Company has evaluated events and transactions occurring subsequent to April 1, 2017 and determined that there were no other unreported events or transactions that would have a material impact on the Company’s results of operations or financial position.