Stockholders' Equity

3 Months Ended

Mar. 31, 2018

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.5 million shares of common stock during the three months ended March 31, 2018.

Share Repurchase Programs

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

Program Authorization Date	Program Termination Date	Program Amount
October 2017	December 2018	$	100,000
January 2017	December 2017	$	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 did not repurchase any shares of its common stock during the three months ended March 31, 2018 or April 1, 2017.

Reclassifications From 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
Reclassification	March 31, 2018			April 1, 2017
Losses on available-for-sales securities to:
Interest income and other, net	$	(49	)	$	—
Gains on cash flow hedges to:
Interest expense	—			1,808
	(49		)	1,808
Income tax expense (benefit)	10			(633		)
Total reclassifications	$	(39	)	$	1,175