XML 31 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity
 12 Months Ended
Dec. 30, 2017
Stockholders' Equity  
Stockholders' Equity

11. Stockholders' Equity

Common Stock

        The Company issued 0.8 million shares of common stock during fiscal 2017.

Share Repurchase Programs

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

Program Authorization Date
  Program
Termination
Date		   Program
Amount		  

October 2017

   December 2018   $ 100,000  

January 2017

   December 2017   $ 100,000  

August 2015

   December 2016   $ 100,000  

October 2014

   December 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 did not repurchase any shares of its common stock during fiscal 2017. The Company repurchased 0.9 million shares and 1.7 million shares of its common stock for $40.5 million and $71.4 million during fiscal 2016 and 2015, respectively. These shares were retired upon repurchase.

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 30,
2017		   December 31,
2016		   January 2,
2016		  

Gains (losses) on cash flow hedges to:

                    

Interest expense

   $ 1,808   $ (249 ) $ (499 )

Income tax (expense) benefit

     (633 )   87     175  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total reclassifications

   $ 1,175   $ (162 ) $ (324 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

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 30,
2017		   December 31,
2016		   January 2,
2016		  

Net changes to available-for-sale securities:

                    

Unrealized gains (losses) arising during the period

   $ 255   $ 63   $ 145  

Net changes to cash flow hedges:

    
 		    
 		    
 		  

Unrealized gains (losses) arising during the period

     —     (513 )   255  

Reclassification for losses included in net income

     633     (87 )   (171 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

  $ 888   $ (537 ) $ 229  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​