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Share Repurchase Authorization
 12 Months Ended
Jan. 01, 2022
Share Repurchase Program [Abstract]  
Share Repurchase Authorization

17.

Share Repurchase Authorization:

In November 2020, the Onto Innovation Board of Directors approved a new share repurchase authorization, which allows the Company to repurchase up to $100,000 worth of shares of its common stock.  Repurchases may be made through both public market and private transactions from time to time. At January 1, 2022, there was $100,000 available for future share repurchases.

The following table summarizes the Company’s stock repurchases:

 

 

 

Year Ended

 

 

 

January 1,

2022

 

 

December 26,

2020

 

 

December 31,

2019

 

Shares of common stock repurchased

 

 

—

 

 

 

1,882

 

 

 

37

 

Cost of stock repurchased

 

$

—

 

 

$

52,000

 

 

$

744

 

Average price paid per share

 

$

—

 

 

$

27.62

 

 

$

19.85