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Stockholders' Equity (Tables)
3 Months Ended
Apr. 01, 2017
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

 

January 2017

 

December 2017

 

$

100,000

 

August 2015

 

December 2016

 

$

100,000

 

 

Schedule of components of accumulated other comprehensive income (loss), net of taxes

 

The components of accumulated other comprehensive income (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 31, 2016

 

$

1,175

 

$

(683

)

$

492

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

 

158

 

158

 

Amount reclassified from accumulated other comprehensive income (loss)

 

(1,175

)

 

(1,175

)

Net change for the period

 

(1,175

)

158

 

(1,017

)

 

 

 

 

 

 

 

 

Balance at April 1, 2017

 

$

 

$

(525

)

$

(525

)

 

Schedule of reclassifications out of accumulated other comprehensive income (loss)

 

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

 

 

 

Three Months Ended

 

Reclassification 

 

April 1,
2017

 

April 2,
2016

 

Gains (losses) on cash flow hedges to:

 

 

 

 

 

Interest expense

 

$

1,808

 

$

(66

)

 

 

 

 

 

 

Income tax benefit

 

(633

)

23

 

 

 

 

 

 

 

Total reclassifications

 

$

1,175

 

$

(43

)