Stockholders' Equity

6 Months Ended

Jul. 04, 2020

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.5 million shares of common stock during the six months ended July 4, 2020.

Share Repurchase Program

In April 2020, the Board of Directors terminated the Company's existing share repurchase program, effective immediately, which had an authorization amount of $200 million and a termination date of December 2020. The Company repurchased 0.2 million shares and 0.3 million shares of its common stock for $16.3 million and $26.7 million during the six months ended July 4, 2020 and June 29, 2019, respectively. These shares were retired upon repurchase.

Reclassifications From Accumulated Other Comprehensive Income (Loss)

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

	Three Months Ended				Six Months Ended
	July 4,		June 29,		July 4,		June 29,
Reclassification	2020		2019		2020		2019
Gains on available-for-sales securities to:
Interest income and other, net	$	121	$	—	$	222	$	—
Losses on cash flow hedges to:
Operating expenses		(282)		(194)		(423)		(431)
		(161)		(194)		(201)		(431)
Income tax expense		34		41		40		91
Total reclassifications	$	(127)	$	(153)	$	(161)	$	(340)