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Common Stock Repurchases
9 Months Ended
Sep. 27, 2015
Common Stock Repurchases

Note 9 – Common Stock Repurchases

On May 20, 2015, the board of directors authorized the additional repurchase of up to $150.0 million of the company’s common stock. This amount is in addition to the two separate authorizations of $100.0 million disclosed in May 2014 and December 2013, respectively. The repurchase program is currently funded using available cash. During the three months ended September 27, 2015, we repurchased 2,430,477 shares of common stock, under repurchase programs for $35.2 million, at an average purchase price of $14.48 per share. During the nine months ended September 27, 2015, we repurchased 5,787,614 shares of common stock, under repurchase programs for $95.7 million, at an average purchase price of $16.54 per share.