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Stockholders' Equity
 9 Months Ended
Oct. 01, 2017
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity

Stockholders’ Equity

The following is a summary of the changes in stockholders’ equity:
 
Nine Months Ended
 
October 1,
2017
 
October 2,
2016
Balance at beginning of period
$
527,736

 
$
752,914

Comprehensive income
52,978

 
112,896

Cash dividends
(51,464
)
 
(47,793
)
Repurchases of common stock
(90,964
)
 
(162,492
)
Share-based compensation
16,356

 
14,260

Exercises of stock options
10,194

 
10,600

Vesting of restricted shares
(4,260
)
 
(3,853
)
Cumulative effect of change in accounting principle (a)
1,880

 
—

Tax benefit from share-based compensation
—

 
1,898

Other
139

 
145

Balance at end of period
$
462,595

 
$
678,575


_______________

(a)
During the nine months ended October 1, 2017, the Company recognized a tax benefit as a reduction to the Company’s deferred tax liability with an equal offsetting increase to “Accumulated deficit.” The adjustment was recognized as a result of adoption of an amendment to the accounting for employee share-based payment transactions. See Note 15 for further information.

Repurchases of Common Stock

In February 2017, our Board of Directors authorized a repurchase program for up to $150,000 of our common stock through March 4, 2018, when and if market conditions warrant and to the extent legally permissible. During the nine months ended October 1, 2017, the Company repurchased 6,131 shares with an aggregate purchase price of $90,876, of which $899 was accrued at October 1, 2017 and excluding commissions of $88. As of October 1, 2017, the Company had $59,124 of availability remaining under its February 2017 authorization. Subsequent to October 1, 2017 through November 2, 2017, the Company repurchased 428 shares with an aggregate purchase price of $6,628, excluding commissions of $6.

On June 1, 2015, our Board of Directors authorized a repurchase program for up to $1,400,000 of our common stock through January 1, 2017, when and if market conditions warranted and to the extent legally permissible. During the nine months ended October 2, 2016, the Company repurchased 16,034 shares with an aggregate purchase price of $162,252, of which $2,998 was accrued at October 2, 2016 and excluding commissions of $240.

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 (a)
 
Pension
 
Total
Balance at January 1, 2017
$
(60,299
)
 
$
(1,797
)
 
$
(1,145
)
 
$
(63,241
)
Current-period other comprehensive income
16,797

 
1,332

 
96

 
18,225

Balance at October 1, 2017
$
(43,502
)
 
$
(465
)
 
$
(1,049
)
 
$
(45,016
)
 
 
 
 
 
 
 
 
Balance at January 3, 2016
$
(66,163
)
 
$
(3,571
)
 
$
(1,089
)
 
$
(70,823
)
Current-period other comprehensive income (loss)
10,887

 
1,332

 
(56
)
 
12,163

Balance at October 2, 2016
$
(55,276
)
 
$
(2,239
)
 
$
(1,145
)
 
$
(58,660
)
_______________

(a)
Current-period other comprehensive income (loss) includes the reclassification of unrealized losses on cash flow hedges from “Accumulated other comprehensive loss” to our condensed consolidated statements of operations of $444 and $1,332 for both the three and nine months ended October 1, 2017 and October 2, 2016, respectively. The reclassification of unrealized losses on cash flow hedges consists of $723 and $2,170 for both the three and nine months ended October 1, 2017 and October 2, 2016, respectively, recorded to “Interest expense,” net of the related income tax benefit of $279 and $838 for both the three and nine months ended October 1, 2017 and October 2, 2016, respectively, recorded to “Provision for income taxes.” See Note 6 for further information.