Stockholders' Equity

3 Months Ended

Apr. 01, 2023

Stockholders' Equity Policy [Abstract]

Stockholders' Equity

Note 6 – Stockholders' Equity

In 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 quarters ended
	April 1, 2023			April 2, 2022
Dividends paid to stockholders	$	14,020	$	14,469
Stock repurchases		20,173		9,873
Total	$	34,193	$	24,342

The repurchased shares are being held as treasury stock.  The number of shares of common stock being held as treasury stock was 5,156,794 and 4,240,573 as of April 1, 2023 and December 31, 2022, respectively.