Stock Repurchase Program

3 Months Ended

Sep. 23, 2012

Stock Repurchase Program [Abstract]

Stock Repurchase Program

18. Stock Repurchase Program

The Company's stock repurchase program authorizes it to repurchase up to $150.0 million.  Stock repurchases under this program may be made in the open market or through privately negotiated transactions.  The timing and actual number of shares repurchased depend on market conditions and other factors.  The stock repurchase program may be suspended at any time without prior notice.  The Company has used and plans to continue to use existing cash to fund the repurchases.  All of the shares repurchased by the Company through the program were purchased in open market transactions.  For the three months ended September 23, 2012, the Company repurchased approximately 0.3 million shares for approximately $5.2 million, and to date the Company has purchased approximately 6.2 million shares for approximately $113.2 million under the program.  As of September 23, 2012, the Company had not cancelled the repurchased shares of common stock, and as such, they are reflected as treasury stock in the September 23, 2012 and June 24, 2012 consolidated condensed balance sheets.