Shareholders' Equity

9 Months Ended

Sep. 27, 2015

Stockholders' Equity

Shareholders' Equity

NOTE 12 – Shareholders’ Equity

Share count and par value data related to shareholders’ equity are as follows:

	As of
	September 27,		December 31,
	2015		2014
Preferred Stock
Par value per share		No par value		No par value
Shares authorized		25,000,000		25,000,000
Shares outstanding		—		—
Common Stock
Par value per share		No par value		No par value
Shares authorized		75,000,000		75,000,000
Shares issued		56,241,819		56,101,700
Shares outstanding		32,680,297		33,392,060
Treasury stock
Shares held		23,561,522		22,709,640

CTS uses the cost method to account for its common stock purchases. During the nine month period ended September 27, 2015, CTS purchased 851,882 shares of common stock for an aggregate of $15,623,000 under a board-authorized share repurchase plan. For the nine month period ended September 28, 2014, CTS purchased 288,382 shares of common stock for an aggregate of $5,084,000.  Approximately 9,742,922 shares are available for future issuances.

A roll forward of common shares outstanding is as follows:

	Nine Months Ended
	September 27, 2015		September 28, 2014
Balance at the beginning of the year		33,392,060		33,558,864
Repurchases		(851,882)		(288,382)
Shares issued upon exercise of stock options		5,200		101,350
Restricted share issuances		134,919		172,891
Balance at the end of the period		32,680,297		33,544,723