TREASURY STOCK ACTIVITY (Notes)

6 Months Ended

Jul. 02, 2017

Equity [Abstract]

Treasury Stock Activity

A summary of our treasury stock activity is as follows:

	Six Months Ended July 2, 2017
	Shares		Dollars
			In thousands
Shares repurchased in the open market under pre-approved share repurchase programs	—		$	—
Shares repurchased to replace Treasury Stock issued for stock options and incentive compensation	886,675		99,992
Total share repurchases	886,675		99,992
Shares issued for stock options and incentive compensation	(1,041,596	)	$	(43,338	)
Net change	(154,921	)	$	56,654

In January 2016, our Board of Directors approved a $500,000 authorization to repurchase shares of our Common Stock. As of July 2, 2017, $100,000 remained available for repurchases of our Common Stock under this program. We are authorized to purchase our outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of Common Stock will be held as treasury shares. Purchases under approved share repurchase authorizations are in addition to our practice of buying back shares sufficient to offset those issued under incentive compensation plans.