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Stockholders' Equity
12 Months Ended
Dec. 29, 2018
Stockholders' Equity  
Stockholders' Equity

12. Stockholders' Equity

Common Stock

        The Company issued 0.8 million shares of common stock during fiscal 2018.

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 2019   $ 200,000 *

January 2017

  December 2017   $ 100,000  

August 2015

  December 2016   $ 100,000  

*
In October 2018, the Board of Directors increased the share repurchase amount for the October 2017 program from $100 million to $200 million and extended the termination date from December 2018 to December 2019.

        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 0.4 million shares of its common stock for $39.3 million during fiscal 2018. The Company did not repurchase any shares of its common stock during fiscal 2017. The Company repurchased 0.9 million shares of its common stock for $40.5 million during fiscal 2016. These shares were retired upon repurchase.

Reclassifications From Accumulated Other Comprehensive Loss

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

 
  Year ended  
Reclassification
  December 29,
2018
  December 30,
2017
  December 31,
2016
 

Losses on available-for-sales securities to:

                   

Interest income and other, net

  $ (49 ) $   $  

Gains (losses) on cash flow hedges to:

   
 
   
 
   
 
 

Interest income and other, net

    (316 )        

Interest expense

        1,808     (249 )

    (365 )   1,808     (249 )

Income tax (expense) benefit

   
77
   
(633

)
 
87
 

Total gains (losses) reclassified

  $ (288 ) $ 1,175   $ (162 )

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 29,
2018
  December 30,
2017
  December 31,
2016
 

Net changes to available-for-sale securities:

                   

Unrealized gains (losses) arising during the period

  $ (79 ) $ 255   $ 63  

Reclassification for losses included in net income

    (10 )        

Net changes to cash flow hedges:

   
 
   
 
   
 
 

Unrealized gains (losses) arising during the period

    200         (513 )

Reclassification for gains (losses) included in net income          

    (66 )   633     (87 )

  $ 45   $ 888   $ (537 )