Common Stock Repurchases

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Common Stock Repurchases

Note 3 — Common Stock Repurchases

On August 1, 2012, the Company’s board of directors authorized a common stock repurchase program of up to $500.0 million of its common stock. As of June 30, 2013, $356.3 million remained available for repurchases under this program.

The following table summarizes the Company’s common stock repurchases:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(In thousands)
Dollar value of shares repurchased	$	61,515	$	137,979	$	122,280	$	176,185
Number of shares repurchased		8,763		17,919		17,398		22,521

Repurchased shares are retired immediately and are recorded as reductions in common stock and additional paid-in capital.