Stockholders' Equity

9 Months Ended

Sep. 29, 2018

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.7 million shares of common stock during the nine months ended September 29, 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 2019	$	200,000	*
January 2017	December 2017	$	100,000

* In October 2018, the Board of Directors increased the share repurchase amount for the October 2017 program from $100 million to $200 million and extended the termination date from December 2018 to December 2019.

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 0.3 million shares of its common stock for $24.3 million during the nine months ended September 29, 2018. These shares were retired upon repurchase. The Company did not repurchase any shares of its common stock during the nine months ended September 30, 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					Nine Months Ended
Reclassification	September 29, 2018			September 30, 2017		September 29, 2018			September 30, 2017
Losses on available-for-sales securities to:
Interest income and other, net	$	—		$	—	$	(49	)	$	—
Gains (losses) on cash flow hedges to:
Interest expense	(131		)	—		(164		)	1,808
	(131		)	—		(213		)	1,808
Income tax expense (benefit)	28			—		45			(633		)
Total gains (losses) reclassified	$	(103	)	$	—	$	(168	)	$	1,175