Stockholders' Equity

3 Months Ended

Mar. 30, 2019

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.4 million shares of common stock during the three months ended March 30, 2019.

Share Repurchase Program

In October 2018, the Board of Directors increased the authorization amount of the existing share repurchase program from $100 million to $200 million and extended the termination date to December 2019. This program allows 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 $15.0 million during the three months ended March 30, 2019. These shares were retired upon repurchase. The Company did not repurchase any shares of its common stock during the three months ended March 31, 2018.

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 30, 2019			March 31, 2018
Losses on available-for-sales securities to:
Interest income and other, net	$	—		$	(49	)
Losses on cash flow hedges to:
Operating expenses	(237		)	—
	(237		)	(49		)
Income tax expense	50			10
Total reclassifications	$	(187	)	$	(39	)