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Equity
 3 Months Ended
Mar. 29, 2015
Equity [Abstract]  
Equity
Equity

Stockholders’ Equity

The following is a summary of the changes in stockholders’ equity:
 
Three Months Ended
 
March 29,
2015
 
March 30,
2014
Balance at beginning of period
$
1,717,576

 
$
1,929,486

Comprehensive income
7,443

 
38,963

Dividends
(20,199
)
 
(18,306
)
Repurchases of common stock
(36,963
)
 
(277,261
)
Share-based compensation
5,068

 
10,584

Exercises of stock options
16,533

 
22,780

Vesting of restricted shares
(502
)
 
(999
)
Tax benefit from share-based compensation
26,858

 
17,867

Other
46

 
40

Balance at end of period
$
1,715,860

 
$
1,723,154



Repurchases of Common Stock

In August 2014, our Board of Directors authorized a repurchase program for up to $100,000 of our common stock through December 31, 2015, when and if market conditions warrant and to the extent legally permissible. During the first quarter of 2015, the Company repurchased 3,342 shares with an aggregate purchase price of $36,912, excluding commissions of $51. Subsequent to March 29, 2015 through April 30, 2015, the Company repurchased 2,313 shares with an aggregate purchase price of $24,719, excluding commissions.

In January 2014, our Board of Directors authorized a repurchase program for up to $275,000 of our common stock through the end of fiscal year 2014. As part of the repurchase program, the Board of Directors also authorized the commencement of a modified Dutch auction tender offer to repurchase shares of our common stock for an aggregate purchase price of up to $275,000. On February 11, 2014, the tender offer expired and on February 19, 2014, the Company repurchased 29,730 shares for an aggregate purchase price of $275,000. As a result, the repurchase program authorized in January 2014 was completed. During the first quarter of 2014, the Company incurred costs of $2,261 in connection with the tender offer, which were recorded to treasury stock.

Accumulated Other Comprehensive Loss

The following table provides a rollforward of the components of accumulated other comprehensive loss, net of tax as applicable:
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension
 
Total
Balance at December 28, 2014
$
(28,363
)
 
$
(2,044
)
 
$
(887
)
 
$
(31,294
)
Current-period other comprehensive loss
(17,395
)
 
(2,466
)
 
(203
)
 
(20,064
)
Balance at March 29, 2015
$
(45,758
)
 
$
(4,510
)
 
$
(1,090
)
 
$
(51,358
)
 
 
 
 
 
 
 
 
Balance at December 29, 2013
$
(9,803
)
 
$
744

 
$
(1,278
)
 
$
(10,337
)
Current-period other comprehensive (loss) income
(7,220
)
 
(458
)
 
338

 
(7,340
)
Balance at March 30, 2014
$
(17,023
)
 
$
286

 
$
(940
)
 
$
(17,677
)


The cumulative gains and losses on these items are included in “Accumulated other comprehensive loss” in the condensed consolidated balance sheets.