Stockholders' Equity

6 Months Ended

Jul. 02, 2022

Stockholders' Equity Policy [Abstract]

Stockholders' Equity

Note 6 - Stockholders' Equity

On February 7, 2022, the Company's Board of Directors adopted a Stockholder Return Policy that will remain in effect until such time as the Board votes to amend or rescind the policy.  The Stockholder Return Policy calls for the Company to return a prescribed amount of cash flows on an annual basis. The Company intends to return such amounts directly, in the form of dividends, or indirectly, in the form of stock repurchases.

The following table summarizes activity pursuant to this policy:

	Fiscal quarter ended			Six fiscal months ended
	July 2, 2022			July 2, 2022
Dividends paid to stockholders	$	14,339	$	28,808
Stock repurchases		26,288		36,161
Total	$	40,627	$	64,969

The repurchased shares are being held as treasury stock. The Company records treasury stock at cost, inclusive of fees, commissions and other expenses, when outstanding common shares are repurchased.  As of December 31, 2021, no shares of common stock were held as treasury stock.  As of July 2, 2022, 1,913,266 shares of common stock are being held as treasury stock.