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Shareholders' Equity | 9 Months Ended
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Sep. 25, 2020
Stockholders Equity Note [Abstract] |
Shareholders' Equity | 9. Shareholders’ Equity Stock Appreciation Rights (“SARs”) As of September 25, 2020, the Company had 2.9 million SARs outstanding with an exercise price of $4.00 per share and an expiration date of February 8, 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 quarter ended September 25, 2020, the Company repurchased 75 thousand shares of its common stock at an average price of $12.41 per share for a total cost of $0.9 million. During the nine months ended September 25, 2020, the Company repurchased 148 thousand shares of its common stock at an average price of $13.09 share for a total cost of $1.9 million. As of September 25, 2020 the Company had a total authorization remaining of $4.7 million under its repurchase plan with a total authorization of $147.2 million. 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 per share, for a total cost of $3.1 million. The shares repurchased under the share repurchase plan during the quarter and nine months ended September 25, 2020, do not include 8 thousand shares and 135 thousand shares, respectively, which the Company bought back to satisfy employee net vesting obligations for a cost of $111 thousand and $2.1 million, respectively. During the quarter and nine months ended September 27, 2019, the Company bought back 5 thousand shares and 129 thousand shares, respectively, at a cost of $88 thousand and $2.5 million, respectively, to satisfy employee net vesting obligations. Dividend Program In 2019, the Company increased the annual dividend from $0.34 per share to $0.36 per share to be paid on a semi-annual basis and in the first quarter of 2020, the Company further increased the annual dividend to $0.38 per share. During the first quarter of 2020, the Company paid its second semi-annual dividend payment to shareholders, which was declared in the fourth quarter of 2019, for a total of $5.8 million. During the second quarter of 2020, the Company announced its transition to a quarterly dividend payment cycle, subject to declaration. During the second quarter, the Company declared its first quarterly dividend for shareholders of record as of June 30, 2020, which was paid July 10, 2020, for a total of $3.1 million. During the third quarter of 2020, the Company declared its next quarterly dividend for shareholders of record as of September 28, 2020, which was paid October 9, 2020, for a total of $3.1 million. These dividends were paid from U.S. domestic sources and are accounted for as an increase to accumulated deficit. Subsequent to September 25, 2020 and at its most recent meeting, the Company’s board of directors approved its next quarterly dividend for shareholders of record as of December 18, 2020, which will be paid on or about January 9, 2021.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: 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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