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Shareholders' Equity | 6 Months Ended
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Jul. 02, 2021
Stockholders Equity Note [Abstract] |
Shareholders' Equity | 9. Shareholders’ Equity Stock Appreciation Rights (“SARs”) As of July 2, 2021, 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 and six months ended July 2, 2021, the Company repurchased 489 thousand and 626 thousand shares of its common stock at an average price of $17.58 and $17.11 per share, respectively, for a total cost of $8.6 million and $10.7 million, respectively. As of July 2, 2021 the Company had a total authorization remaining of $13.6 million under its repurchase plan with a total authorization of $167.2 million. Subsequent to July 2, 2021, the Company has repurchased an additional 22 thousand shares of its common stock at an average price of $17.98 per share for a total cost of $0.4 million, leaving a total authorization of $13.2 million. During the quarter and six months ended June 26, 2020, the Company repurchased 73 thousand shares of its common stock at an average price of $13.79 per share for a total cost of $1.0 million. The shares repurchased under the share repurchase plan during the quarter and six months ended July 2, 2021, do not include 2 thousand shares and 110 thousand shares, respectively, which the Company bought back to satisfy employee net vesting obligations for a cost of $38 thousand and $1.6 million, respectively. During the quarter and six months ended June 26, 2020, the Company bought back 2 thousand shares and 127 thousand shares, respectively, at a cost of $25 thousand and $2.0 million, respectively, to satisfy employee net vesting obligations. Dividend Program In 2020, the Company increased the annual dividend from $0.36 per share to $0.38 per share to be paid on a quarterly basis and during the first quarter of 2021, the Company further increased the annual dividend to $0.40 per share. During the first quarter of 2021, the Company declared its first quarterly dividend to shareholders, which was paid in April 2021 of $3.3 million. These dividends were paid from U.S. domestic sources and are accounted for as an increase to accumulated deficit. Subsequent to July 2, 2021, the Company declared its third quarterly dividend in 2021 to be paid in October 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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