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Shareholders' Equity
 3 Months Ended
Apr. 04, 2023
Equity [Abstract]  
Shareholders' Equity

9. SHAREHOLDERS’ EQUITY

Stock Repurchases

During the thirteen weeks ended April 4, 2023, we did not repurchase shares of our common stock. As of April 4, 2023, we have approximately $22.1 million remaining under the current $500 million share repurchase plan approved by our Board of Directors. Repurchases may be made at any time.

Cash Dividends

Due to the COVID-19 pandemic, we suspended quarterly cash dividends until such time as the Board of Directors determines that resumption of dividend payments is in the best interest of the Company and its shareholders. The only cash dividends paid during the thirteen weeks ended April 4, 2023 were related to dividends (declared prior to fiscal 2020) which vested under our stock compensation plans.