XML 34 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
STOCKHOLDERS' EQUITY
12 Months Ended
Jan. 01, 2017
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY
Common stock
In July 2011, our Board of Directors approved a program to repurchase $75.0 million of our outstanding common stock. As of January 1, 2017, $29.4 million remained available for repurchase of common stock under the current authorization, which has no expiration date.
Under our authorized stock repurchase program, we repurchased 0.3 million shares of our common stock during 2016 for a total amount of $5.8 million including commissions. During 2015 we did not repurchase any shares of our common stock under our authorized stock repurchase program.
Shares of common stock outstanding include shares of unvested restricted stock. Unvested restricted stock included in reportable shares outstanding was 0.7 million shares as of January 1, 2017 and December 25, 2015.
Preferred stock
We have authorized 20 million shares of blank check preferred stock. The blank check preferred stock is issuable in one or more series, each with such designations, preferences, rights, qualifications, limitations and restrictions as our Board of Directors may determine and set forth in supplemental resolutions at the time of issuance, without further shareholder action. The initial series of blank check preferred stock authorized by the Board of Directors was designated as Series A Preferred Stock. We had no outstanding shares of preferred stock in any of the years presented.