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Stockholders' Equity (Tables)
9 Months Ended
Oct. 01, 2016
Stockholders' Equity  
Schedule of share repurchase programs

 

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

 

Program
Authorization Date

 

Program
Termination Date

 

Program
Amount

 

August 2015

 

December 2016

 

$

100,000

 

October 2014

 

December 2015

 

$

100,000

 

 

Schedule of components of accumulated other comprehensive loss, net of taxes

 

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 2, 2016

 

$

 60

 

$

 (567

)

$

 (507

)

 

 

 

 

 

 

 

 

Other comprehensive loss before reclassifications

 

(137

)

(89

)

(226

)

Amount reclassified from accumulated other comprehensive loss

 

124

 

 

124

 

 

 

 

 

 

 

 

 

Net change for the period

 

(13

)

(89

)

(102

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 1, 2016

 

$

 47

 

$

 (656

)

$

 (609

)

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of reclassifications out of accumulated other comprehensive loss

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

Reclassification

 

October 1, 
2016

 

October 3,
2015

 

October 1, 
2016

 

October 3,
2015

 

Losses on cash flow hedges to:

 

 

 

 

 

 

 

 

 

Interest expense

 

$

(64

)

$

(165

)

$

(191

)

$

(376

)

 

 

 

 

 

 

 

 

 

 

Losses on available-for-sale securities to:

 

 

 

 

 

 

 

 

 

Interest income

 

 

 

 

(10

)

 

 

 

 

 

 

 

 

 

 

 

 

(64

)

(165

)

(191

)

(386

)

 

 

 

 

 

 

 

 

 

 

Income tax benefit

 

22

 

58

 

67

 

135

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications

 

$

(42

)

$

(107

)

$

(124

)

$

(251

)