Capital Stock

12 Months Ended

Dec. 29, 2019

Equity [Abstract]

Capital Stock

Capital Stock

In November 2019, as part of its financing for the eOne acquisition, the Company issued and sold 10,592 shares of common stock at a price of $95.00. Proceeds from the issuance, net of underwriting and other fees, was $975,185.

In May 2018, the Company’s Board of Directors authorized the repurchases of up to $500,000 in common stock. Purchases of the Company’s common stock may be made from time to time, subject to market conditions, and may be made in the open market or through privately negotiated transactions. The Company has no obligation to repurchase shares under the authorization and the time, actual number, and the value of the shares which are repurchased will depend on a number of factors, including the price of the Company’s common stock. In 2019, the Company repurchased 702 shares at an average price of $87.41. The total cost of these repurchases, including transaction costs, was $61,387. At December 29, 2019, $366,593 remained under the current authorizations.