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Stockholders' Equity
12 Months Ended
Jan. 02, 2016
Stockholders' Equity  
Stockholders' Equity

12. Stockholders' Equity

Common Stock

        The Company issued 1.2 million shares of common stock during fiscal 2015.

Share Repurchase Programs

        The Board of Directors authorized the following share repurchase programs (in thousands):

Program Authorization Date
  Program
Termination
Date
  Program
Amount
 
August 2015   December 2016   $ 100,000  
October 2014   December 2015   $ 100,000  
January 2014   January 2015   $ 100,000  
January 2013   January 2014   $ 50,000  
April 2012   January 2013   $ 100,000  

        These programs allow for repurchases to be made in the open market or in private transactions, including structured or accelerated transactions, subject to applicable legal requirements and market conditions. The Company repurchased 1.7 million shares, 1.7 million shares and 0.7 million shares of its common stock for $71.4 million, $71.7 million and $26.0 million during fiscal 2015, 2014 and 2013, respectively. These shares were retired upon repurchase.

Accumulated Other Comprehensive Loss

        The components of accumulated other comprehensive loss, net of taxes, were as follows (in thousands):

 
  Unrealized Gain
(Loss) on Cash
Flow Hedge
  Net Unrealized
Losses on Available-
For-Sale Securities
  Total  

Balance at December 29, 2012

  $ (428 ) $ (518 ) $ (946 )

Other comprehensive income (loss) before reclassifications

   
397
   
(348

)
 
49
 

Amount reclassified from accumulated other comprehensive loss

    364     (151 )   213  

Net change for the period

    761     (499 )   262  

Balance at December 28, 2013

   
333
   
(1,017

)
 
(684

)

Other comprehensive income (loss) before reclassifications

   
(520

)
 
720
   
200
 

Amount reclassified from accumulated other comprehensive loss

    402         402  

Net change for the period

    (118 )   720     602  

Balance at January 3, 2015

   
215
   
(297

)
 
(82

)

Other comprehensive income (loss) before reclassifications

   
(473

)
 
(276

)
 
(749

)

Amount reclassified from accumulated other comprehensive loss

    318     6     324  

Net change for the period

    (155 )   (270 )   (425 )

Balance at January 2, 2016

 
$

60
 
$

(567

)

$

(507

)

Reclassifications From Accumulated Other Comprehensive Loss

 
  Year ended  
Reclassification (in thousands)
  January 2,
2016
  January 3,
2015
  December 28,
2013
 

Losses on cash flow hedges to:

                   

Interest expense

  $ (489 ) $ (618 ) $ (560 )

Gains (losses) on available-for-sales securities to:

   
 
   
 
   
 
 

Interest income

    (10 )       232  

 

    (499 )   (618 )   (328 )

Income tax benefit

   
175
   
216
   
115
 

Total reclassifications

  $ (324 ) $ (402 ) $ (213 )

Income Tax Allocated to the Components of Other Comprehensive Income (Loss)

        The income tax effects of the components of other comprehensive income (loss) were as follows (in thousands):

 
  Year ended  
Income tax (expense) benefit on:
  January 2,
2016
  January 3,
2015
  December 28,
2013
 

Net changes to available-for-sale securities:

                   

Unrealized gains (losses) arising during the period

  $ 149   $ (387 ) $ 187  

Reclassification for gains (losses) included in net income

    (4 )       81  

Net changes to cash flow hedges:

   
 
   
 
   
 
 

Unrealized gains (losses) arising during the period

    255     279     (214 )

Reclassification for losses included in net income

    (171 )   (216 )   (196 )

 

  $ 229   $ (324 ) $ (142 )