Stockholders' Equity

3 Months Ended

Apr. 04, 2015

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.7 million shares of common stock during the three months ended April 4, 2015.

Share Repurchase Programs

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

Program Authorization Date	Program Termination Date	Program Amount
October 2014	December 2015	$	100,000
January 2014	January 2015	$	100,000
January 2013	January 2014	$	50,000

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 $10.1 million during the three months ended April 4, 2015. These shares were retired upon repurchase. The Company did not repurchase any shares of its common stock during the three months ended March 29, 2014.

Accumulated Other Comprehensive Loss

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

	Unrealized Gain (Loss) on Cash Flow Hedge			Net Unrealized Losses on Available-For-Sale Securities			Total
Balance at January 3, 2015	$	215		$	(297	)	$	(82	)
Other comprehensive income (loss) before reclassifications	(407		)	(13		)	(420		)
Amount reclassified from accumulated other comprehensive loss	85			6			91
Net change for the period	(322		)	(7		)	(329		)
Balance at April 4, 2015	$	(107	)	$	(304	)	$	(411	)

Reclassifications From Accumulated Other Comprehensive Loss

	Three Months Ended
Reclassification (in thousands)	April 4, 2015			March 29,  2014
Losses on cash flow hedges to:
Interest expense	$	(130	)	$	(143	)
Losses on available-for-sale securities to:
Interest income	(10		)	—
	(140		)	(143		)
Income tax benefit	49			50
Total reclassifications	$	(91	)	$	(93	)