SHAREHOLDER’S EQUITY

Changes in Shareholders’ Equity

Changes in the balance of each component of shareholders’ equity during the reporting periods were as follows:



	Thirteen weeks ended						Thirty-nine weeks ended
(in thousands)	September 30, 2018			October 1, 2017			September 30, 2018			October 1, 2017

Common Stock Shares
Beginning balance	40,595			41,982			41,098			42,171
Purchases and retirement of common stock	(203		)	(682		)	(961		)	(1,268		)
Issuances under equity plans, including tax benefits	87			34			316			397
Stock-based compensation	(7		)	5			19			39
Ending balance	40,472			41,339			40,472			41,339

Common Stock Amount
Beginning balance	$	1		$	1		$	1		$	1
Current period activity	—			—			—			—
Ending balance	1			1			1			1

Retained Earnings
Beginning balance	574,934			542,020			561,650			536,611
Net income	24,380			21,221			50,867			39,029
Purchases and retirement of common stock	(5,752		)	(13,841		)	(24,818		)	(29,371		)
Issuances under equity plans, including tax benefits	249			237			(1,396		)	(1,778		)
Stock-based compensation	3,572			1,015			9,555			6,161
Change in accounting standard cumulative-effect adjustment (1)	—			—			1,525			—
Ending balance	597,383			550,652			597,383			550,652

Accumulated Other Comprehensive Loss
Beginning balance	(11,634		)	(8,447		)	(6,804		)	(11,433		)
Other comprehensive income (loss), net of tax	(595		)	1,567			(3,900		)	4,553
Change in accounting standard cumulative-effect adjustment (1)	—			—			(1,525		)	—
Ending balance	(12,229		)	(6,880		)	(12,229		)	(6,880		)

Total shareholder’s equity ending balance	$	585,155		$	543,773		$	585,155		$	543,773

(1)

As a result of our adoption of the new accounting standard for equity investments, $1.5 million in unrealized gains, net of tax on available-for-sale equity securities were reclassified from accumulated other comprehensive loss to retained earnings as of the beginning of fiscal 2018. There were no material reclassifications out of accumulated other comprehensive loss during the thirteen and thirty-nine weeks ended October 1, 2017. For additional information, see Note 1: Summary of significant accounting policies.

Changes in Accumulated Other Comprehensive Loss

Changes in the balance of each component of accumulated other comprehensive loss during the reporting periods were as follows:



	Thirteen weeks ended
	September 30, 2018								October 1, 2017
(in thousands)	Foreign currency translation adjustment			Unrealized gain (loss) on investments, net of tax (1)		Total other comprehensive (loss), net of tax			Foreign currency translation adjustment			Unrealized gain on investments, net of tax (1)		Total other comprehensive income (loss), net of tax
Balance at beginning of period	$	(11,634	)	$	—	$	(11,634	)	$	(9,344	)	$	897	$	(8,447	)
Current period other comprehensive income (loss)	(595		)	—		(595		)	1,143			424		1,567
Balance at end of period	$	(12,229	)	$	—	$	(12,229	)	$	(8,201	)	$	1,321	$	(6,880	)



	Thirty-nine weeks ended
	September 30, 2018									October 1, 2017
(in thousands)	Foreign currency translation adjustment			Unrealized gain on investments, net of tax (1)			Total other comprehensive (loss), net of tax			Foreign currency translation adjustment			Unrealized gain on investments, net of tax (1)		Total other comprehensive income (loss), net of tax
Balance at beginning of period	$	(8,329	)	$	1,525		$	(6,804	)	$	(11,684	)	$	251	$	(11,433	)
Current period other comprehensive income (loss)	(3,900		)	—			(3,900		)	3,483			1,070		4,553
Change in accounting standard cumulative-effect adjustment	—			(1,525		)	(1,525		)	—			—		—
Balance at end of period	$	(12,229	)	$	—		$	(12,229	)	$	(8,201	)	$	1,321	$	(6,880	)


(1)	Consisted of deferred compensation plan accounts, comprised of mutual funds classified as available-for-sale securities, prior to our adoption of the new accounting standard for equity investments in the fiscal first quarter of 2018. The tax impact on the unrealized gain on available-for-sale securities was de minimis for the thirteen and thirty-nine weeks ended October 1, 2017.