Stockholders' Equity

12 Months Ended

Dec. 28, 2019

Stockholders' Equity

Stockholders' Equity

13. Stockholders’ Equity

Common Stock

The Company issued 0.7 million shares of common stock during fiscal 2019.

Share Repurchase Programs

The Company’s existing share repurchase program has an authorization amount of $200 million and a termination date of December 2020. 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 0.3 million shares and 0.4 million shares of its common stock for $26.7 million and $39.3 million during fiscal 2019 and 2018, respectively. The Company did not repurchase any shares of its common stock during fiscal 2017. These shares were retired upon repurchase.

13. Stockholders’ Equity (Continued)

Reclassifications From 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):

	Year ended
	December 28,		December 29,		December 30,
Reclassification	2019		2018		2017
Gains (losses) on available-for-sales securities to:
Interest income and other, net	$	218	$	(49)	$	—
Gains (losses) on cash flow hedges to:
Operating expenses		(784)		(316)		—
Interest expense		—		—		1,808
		(566)		(365)		1,808
Income tax (expense) benefit		119		77		(633)
Total reclassifications	$	(447)	$	(288)	$	1,175

Income Tax Allocated to the Components of Other Comprehensive Income (Loss)

The income tax effects of the components of other comprehensive income (loss) were as follows (in thousands):

	Year ended
	December 28,		December 29,		December 30,
Income tax (expense) benefit on:	2019		2018		2017
Net changes to available-for-sale securities:
Unrealized gains (losses) arising during the period	$	(538)	$	(79)	$	255
Reclassification for gains (losses) included in net income		46		(10)		—
Net changes to cash flow hedges:
Unrealized losses arising during the period		68		200		—
Reclassification for gains (losses) included in net income		(165)		(66)		633
	$	(589)	$	45	$	888