Treasury Stock

6 Months Ended

Jul. 02, 2021

Class Of Stock Disclosures [Abstract]

Treasury Stock

11. Treasury Stock

The Company’s Board of Directors has previously authorized the repurchase of up to $30.0 million of the Company’s stock. The Company did not purchase shares for treasury during the 2021 second quarter or year-to-date period. As of July 2, 2021, the Company had approximately $7.7 million left in its current stock repurchase authorization.

The Company issued 105,727 and 350,715 shares during the 2021 second quarter and year-to-date period, respectively, to fulfill the requirements from the grant of restricted shares or units and the exercise of stock options.

The Company did not purchase shares for treasury during the 2020 second quarter or year-to-date period. At June 26, 2020, the Company had approximately $7.7 million remaining in its stock repurchase authorization. During the 2020 second quarter and year-to-date period, the Company issued 219,800 and 599,928 shares, respectively, out of treasury stock primarily to fulfill the share requirements from purchases of stock in the Non-Employee Director Deferred Compensation Plan, the grant of restricted shares or units, or the exercise of stock options.