Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Stockholders' Equity

Stockholders' Equity

11. Stockholders' Equity

Common Stock

        The Company issued 1.1 million shares of common stock during fiscal 2016, including approximately 0.1 million shares in connection with the acquisition of Micrium.

Share Repurchase Programs

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

Program Authorization Date	Program Termination Date	Program Amount
January 2017	December 2017	$	100,000
August 2015	December 2016	$	100,000
October 2014	December 2015	$	100,000
January 2014	January 2015	$	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 0.9 million shares, 1.7 million shares and 1.7 million shares of its common stock for $40.5 million, $71.4 million and $71.7 million and during fiscal 2016, 2015 and 2014, respectively. These shares were retired upon repurchase.

Accumulated Other Comprehensive Income (Loss)

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

	Unrealized Gain on Cash Flow Hedge			Net Unrealized Losses on Available- For-Sale Securities			Total
Balance at December 28, 2013	$	333		$	(1,017	)	$	(684	)
Other comprehensive income (loss) before reclassifications		(520	)		720			200
Amount reclassified from accumulated other comprehensive income (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 income (loss)		318			6			324
Net change for the period		(155	)		(270	)		(425	)
Balance at January 2, 2016		60			(567	)		(507	)
Other comprehensive income (loss) before reclassifications		953			(116	)		837
Amount reclassified from accumulated other comprehensive income (loss)		162			—			162
Net change for the period		1,115			(116	)		999
Balance at December 31, 2016	$	1,175		$	(683	)	$	492

Reclassifications From Accumulated Other Comprehensive Income (Loss)

        The following table summarizes the effect on net income from reclassifications out of accumulated other comprehensive income (loss) (in thousands):

	Year ended
Reclassification	December 31, 2016			January 2, 2016			January 3, 2015
Losses on cash flow hedges to:
Interest expense	$	(249	)	$	(489	)	$	(618	)
Gains (losses) on available-for-sales securities to:
Interest income		—			(10	)		—
		(249	)		(499	)		(618	)
Income tax benefit		87			175			216
Total reclassifications	$	(162	)	$	(324	)	$	(402	)

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:	December 31, 2016			January 2, 2016			January 3, 2015
Net changes to available-for-sale securities:
Unrealized gains (losses) arising during the period	$	63		$	149		$	(387	)
Reclassification for losses included in net income		—			(4	)		—
Net changes to cash flow hedges:
Unrealized gains (losses) arising during the period		(513	)		255			279
Reclassification for losses included in net income		(87	)		(171	)		(216	)
	$	(537	)	$	229		$	(324	)