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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 25, 2022

Equity [Abstract]

Accelerated Share Repurchases

The details of shares repurchased in the open market as part of our existing share repurchase authorizations are as follows:

Fiscal year			Number of shares repurchased			Average price per share			Amount (in thousands)
2022			2,234,006			$	27.34		$	60,939
2021			620,280			$	26.90		$	16,678

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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 https://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653

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- References

No definition available.

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