Stockholders' Equity

6 Months Ended

Jun. 29, 2019

Stockholders' Equity

10. Stockholders’ Equity

Common Stock

The Company issued 0.6 million shares of common stock during the six months ended June 29, 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 0.3 million shares and 36 thousand shares of its common stock for $26.7 million and $3.4 million during the six months ended June 29, 2019 and June 30, 2018, 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
	June 29,		June 30,		June 29,		June 30,
Reclassification	2019		2018		2019		2018
Losses on available-for-sales securities to:
Interest income and other, net	$	—	$	—	$	—	$	(49)
Losses on cash flow hedges to:
Operating expenses		(194)		(33)		(431)		(33)
		(194)		(33)		(431)		(82)
Income tax expense		41		7		91		17
Total reclassifications	$	(153)	$	(26)	$	(340)	$	(65)