Stockholders' Equity

9 Months Ended

Oct. 03, 2020

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.5 million shares of common stock during the nine months ended October 3, 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 nine months ended October 3, 2020 and September 28, 2019, respectively. These shares were retired upon repurchase.

Reclassifications From Accumulated Other Comprehensive Income

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

	Three Months Ended				Nine Months Ended
	October 3,		September 28,		October 3,		September 28,
Reclassification	2020		2019		2020		2019
Gains on available-for-sales securities to:
Interest income and other, net	$	253	$	188	$	475	$	188
Losses on cash flow hedges to:
Operating expenses		(62)		(174)		(825)		(605)
		191		14		(350)		(417)
Income tax expense (benefit)		(40)		(3)		73		88
Total reclassifications	$	151	$	11	$	(277)	$	(329)