XML 36 R22.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stockholders' Equity
 12 Months Ended
Jan. 01, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' EquityCommon and Preferred Stock.    The Company has 100,000,000 shares of common stock, par value $0.01 per share, authorized, with 52,145,738 and 51,474,034 shares issued and outstanding at fiscal year-end 2021 and 2020, respectively. The Company has 1,000,000 shares of preferred stock, par value $0.01 per share, authorized, with none issued or outstanding at fiscal year-end 2021 and 2020. Rights, preferences and other terms of preferred stock will be determined by the Board of Directors at the time of issuance.
Common Stock Repurchase Programs.    Purchases of the Company's common stock have been made from time to time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate or other purposes. In the event the repurchased shares are canceled, the Company accounts for retirements by allocating the repurchase price to common stock, additional paid‑in capital and retained earnings. The repurchase price allocation is based upon the equity contribution associated with historical issuances. The repurchase programs have been conducted pursuant to Rule 10b‑18 of the Securities Exchange Act of 1934.
During the period from December 2012 to the end of fiscal year 2021, the Company repurchased approximately $1.2 billion of its common stock, representing approximately 11.8 million shares. At January 1, 2022 and January 2, 2021, all treasury stock had been effectively retired. As of January 1, 2022, the Company had $30.0 million of repurchase authorizations remaining under its repurchase plan.