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SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 26, 2021
Equity [Abstract] |
Accelerated Share Repurchases | The details of shares repurchased as part of our existing share repurchase authorizations are as follows:
Fiscal year | Number of shares repurchased | Average price per share | Amount (in thousands)
2021 |  |  |
Open market purchases | 620,280 |  | $ | 26.90 |  | $ | 16,678 |
2020 |  |  |
Open market purchases | 779,068 |  | $ | 15.85 |  | $ | 12,346 |
ASR (1) | 2,777,486 |  | $ | 14.40 |  | $ | 40,000 |
Total 2020 | 3,556,554 |  | $ | 14.72 |  | $ | 52,346 |
(1) On February 28, 2020, we entered into an accelerated share repurchase (“ASR”) agreement with a third-party financial institution to repurchase our common stock. On July 2, 2020, we settled our ASR agreement, resulting in the receipt of a total of 2,777,486 shares over the term of the ASR agreement with a volume weighted average price of $14.40.

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + Details
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