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Shareholders' Equity | 9 Months Ended
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Sep. 27, 2019
Stockholders Equity Note [Abstract] |
Shareholders' Equity | 8. Shareholders’ Equity SARs As of September 27, 2019, the Company had 2.9 million SARs outstanding with an exercise price of $4.00 per share and an expiration date of February 2022. Treasury Stock Under the Company’s share repurchase plan, the Company may repurchase shares of its outstanding common stock either on the open market or through privately negotiated transactions subject to market conditions and trading restrictions. During the nine months ended September 27, 2019, the Company repurchased 193 thousand shares of its common stock at an average price of $15.80, or a total cost of $3.1 million. No shares were repurchased during the three months ended September 27, 2019. As of September 27, 2019, the Company had a total authorization remaining of $3.9 million under the repurchase plan with a total authorization of $142.2 million. During the nine months ended September 28, 2018, the Company repurchased 53 thousand shares of its common stock at an average price of $18.33 per share for a total cost of $1.0 million. The shares repurchased under the share repurchase plan during the quarter and nine months ended September 27, 2019, do not include 5 thousand shares and 129 thousand shares, respectively, which the Company bought back to satisfy employee net vesting obligations for a cost of $88 thousand and $2.5 million, respectively. During the quarter and nine months ended September 28, 2018, the Company bought back 8 thousand and 191 thousand shares, respectively, at a cost of $0.1 million and $3.3 million, respectively, to satisfy employee net vesting obligations. Dividend Program In early 2019, the Company increased its 2019 annual dividend from $0.34 per share to $0.36 per share to be paid on a semi-annual basis. During the second quarter of 2019, the Company declared its semi-annual dividend of $0.18 per share, which was paid on July 10, 2019, for a total of $5.8 million. These dividends were paid from U.S. domestic sources and are accounted for as an increase to accumulated deficit. Subsequent to September 27, 2019, the Company declared its semi-annual dividend of $0.18 per share for shareholders as of record date December 20, 2019, which is expected to be paid January 7, 2020.

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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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