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Subsequent Event | 3 Months Ended
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Apr. 02, 2022
Subsequent Events [Abstract] |
Subsequent Event | Subsequent EventOn May 3, 2022, the Company announced that its Board of Directors has increased the Company’s share repurchase authorization to $100.0 million, up $75.0 million from the previous program, and that it has entered into an Accelerated Share Repurchase agreement (“ASR”) with Jeffries LLC to repurchase $60.0 million of the Company’s common stock. The remaining $40.0 million of share repurchases are planned to be executed opportunistically in the open market with $6.4 million already completed in the current reporting period.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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