Stockholders' Equity

6 Months Ended

Jun. 28, 2014

Stockholders' Equity

Stockholders' Equity

8. Stockholders’ Equity

Common Stock

The Company issued 0.9 million shares of common stock during the six months ended June 28, 2014.

Share Repurchase Programs

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

Program Authorization Date	Program Termination Date	Program Amount
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 0.2 million shares of its common stock for $11.0 million during the six months ended June 28, 2014. These shares were retired upon repurchase. The Company did not repurchase any shares of its common stock during the six months ended June 29, 2013.

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive 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	(407		)	306			(101		)
Amount reclassified from accumulated other comprehensive loss	186			—			186
Net change for the period	(221		)	306			85
Balance at June 28, 2014	$	112		$	(711	)	$	(599	)

Reclassifications From Accumulated Other Comprehensive Loss

	Three Months Ended						Six Months Ended
Reclassification (in thousands)	June 28,  2014			June 29,  2013			June 28,  2014			June 29,  2013
Losses on cash flow hedges to:
Interest expense	$	(143	)	$	(141	)	$	(286	)	$	(322	)
Gains on available-for-sales securities to:
Interest income	—			232			—			232
	(143		)	91			(286		)	(90		)
Income tax (provision) benefit	50			(32		)	100			32
Total reclassifications	$	(93	)	$	59		$	(186	)	$	(58	)