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Shareholders' Equity
6 Months Ended
Jul. 03, 2015
Shareholders' Equity [Abstract]  
Shareholders' Equity

9. Shareholders’ Equity  

         Treasury Stock

Under the Company’s share repurchase plan, the Company may buy back shares of its outstanding stock either on the open market or through privately negotiated transactions subject to market conditions and trading restrictions. During the quarter ended July 3, 2015, the Company repurchased approximately 74 thousand shares of its common stock at an average price of $9.51 per share for a total cost of approximately $0.7 million. During the six months ended July 3, 2015, the Company repurchased approximately 149 thousand shares of its common stock at an average price of $9.10 per share for a total cost of approximately $1.4 million.  As of July 3, 2015, the Company had approximately $2.3 million available under its share repurchase plan authorization.

During the quarter ended June 27, 2014, the Company repurchased approximately 491 thousand shares of its common stock at an average price of $6.03 per share for a total cost of approximately $3.0 million. During the six months ended June 27, 2014, the Company repurchased approximately 1.2 million shares of its common stock at an average price of $6.04 per share for a total cost of approximately $7.3 million.

Dividend Program

Subsequent to July 3, 2015, the Company paid its first semi-annual dividend of $0.10 per share totaling $3.1 million to shareholders on record as of June 29, 2015.