XML 34 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Capital Stock
12 Months Ended
Dec. 27, 2015
Capital Stock [Abstract]  
Capital Stock
(11)      Capital Stock

In February 2015 the Company's Board of Directors authorized the repurchases of up to $500,000 in common stock after seven previous authorizations dated May 2005, July 2006, August 2007, February 2008, April 2010, May 2011 and August 2013 with a cumulative authorized repurchase amount of $3,325,000 were fully utilized.  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 2015, the Company repurchased 1,248 shares at an average price of $68.01. The total cost of these repurchases, including transaction costs, was $84,894. At December 27, 2015, $479,283 remained under the current authorizations.