Stockholders' Equity

3 Months Ended

Mar. 30, 2013

Stockholders' Equity

Stockholders' Equity

8. Stockholders’ Equity

Common Stock

The Company issued 0.5 million shares of common stock during the three months ended March 30, 2013, net of 0.1 million shares withheld to satisfy employee tax obligations for the vesting of certain stock grants made under the Company’s stock incentive plans.

Share Repurchase Programs

In January 2013, the Board of Directors authorized a share repurchase program to repurchase up to $50 million of the Company’s common stock through January 2014. In April 2012, the Board of Directors authorized a share repurchase program to repurchase up to $100 million of the Company’s common stock through January 2013. In October 2011, the Board of Directors adopted a share repurchase program to repurchase up to $50 million of the Company’s common stock through April 2012. 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 the three months ended March 30, 2013 or March 31, 2012.

Accumulated Other Comprehensive Loss

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

	Unrealized 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 before reclassifications	28			(75		)	(47		)
Amount reclassified from accumulated other comprehensive loss	118			—			118
Net change for the period	146			(75		)	71
Balance at March 30, 2013	$	(282	)	$	(593	)	$	(875	)

Reclassifications From Accumulated Other Comprehensive Loss

	Three Months Ended
Reclassification (in thousands)	March 30, 2013			March 31,2012
Losses on cash flow hedges to:
Rent expense	$	—		$	(433	)
Interest expense	(181		)	—
	(181		)	(433		)
Income tax benefit	63			152
Total reclassifications	$	(118	)	$	(281	)