Treasury Stock

6 Months Ended

Jul. 01, 2022

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 2022 or 2021 second quarter or year-to-date periods. As of July 1, 2022 and July 2, 2021, the Company had approximately $7.7 million left in its current stock repurchase authorization.

The Company issued 177,935 and 349,491 shares during the 2022 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 issued 105,727 and 350,715 shares during the 2021 second quarter and year-to-date period, respectively, to fulfill the share requirements from the grant of restricted shares or units and the exercise of stock options.