Stockholders' Equity

6 Months Ended

Jul. 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					Six fiscal months ended
	July 1, 2023			July 2, 2022		July 1, 2023			July 2, 2022
Dividends paid to stockholders		$	13,937	$	14,339		$	27,957	$	28,808
Stock repurchases			20,226		26,288			40,399		36,161
Total		$	34,163	$	40,627		$	68,356	$	64,969

The repurchased shares are being held as treasury stock.  The number of shares of common stock being held as treasury stock was 6,003,996 and 4,240,573 as of July 1, 2023 and December 31, 2022, respectively.