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Treasury Stock | 12 Months Ended
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Dec. 31, 2016
Treasury Stock |
9. | Treasury Stock
On October 9, 2003, the Company’s Board of Directors authorized and the Company announced a program to repurchase up to $250,000 of the Company’s outstanding common stock. On each of June 13, 2005, May 25, 2006 and October 21, 2010, the Company’s Board of Directors authorized and the Company announced adding $250,000 to the program. The repurchase program allows for shares to be purchased from time to time in the open market or through privately negotiated transactions. No shares will be purchased from Artal Holdings Sp. z o.o., Succursale de Luxembourg and its parents and subsidiaries under the program. The repurchase program currently has no expiration date. During the fiscal years ended December 31, 2016, January 2, 2016 and January 3, 2015, the Company purchased no shares of its common stock in the open market under the repurchase program. As of the end of fiscal 2016, $208,933 remained available to purchase shares of the Company’s common stock under the repurchase program.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
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