STOCKHOLDERS' EQUITY TRANSACTIONS

9 Months Ended

Oct. 03, 2015

STOCKHOLDERS' EQUITY TRANSACTIONS

STOCKHOLDERS' EQUITY TRANSACTIONS

NOTE 12STOCKHOLDERS’ EQUITY TRANSACTIONS

In May 2008, the Board of Directors of the Company approved a share repurchase program, authorizing the purchase of up to 4.0 million shares of the Company’s common stock.  During the nine months ended October 3, 2015, the Company repurchased 1.7 million shares for a total of $27.9 million under this program.  As of October 3, 2015, 1.7 million shares remained available for purchase under the program.

During the nine months ended October 3, 2015, the Company cancelled 0.2 million shares of common stock underlying restricted stock units in payment by employees of taxes owed upon the vesting of restricted stock units issued to them under the Company’s stock incentive plans.  The value of these restricted stock units totaled $3.4 million at the time they were cancelled.