Common Stock Repurchase

6 Months Ended

Oct. 01, 2011

Note 10 – Common Stock Repurchase

Share repurchase activities for the three and six months ended October 1, 2011 and October 2, 2010 are as follows:

	Three Months Ended				Six Months Ended
	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Number of shares repurchased		563,000		-		714,000		-
Cost of shares repurchased	$	10,641,000	$	-	$	13,820,000	$	-
Average price per share	$	18.91	$	-	$	19.36	$	-

In January 2011, the Board of Directors designated $60,000,000 of its cash, cash equivalents and investments for a major stock repurchase during the period from January 2011 through March 2013 and accordingly increased the Company’s share repurchase program from approximately 556,000 shares to 2,500,000 shares. The amended repurchase program has no expiration date except when an aggregate of 2,500,000 shares have been repurchased, either in the open market or through private transactions. Under this program, cumulatively the Company has repurchased approximately 987,000 shares for $20,087,000 as of October 1, 2011.

Since the inception of the Company’s initial share repurchase program in 1992 through October 1, 2011, the Company has repurchased a total of approximately 3,331,000 shares of the common stock for an aggregate cost of $56,638,000 under its share repurchase programs. Upon their repurchase, shares are restored to the status of authorized but unissued shares. As of October 1, 2011, there were approximately 1,513,000 shares authorized for future repurchase under the Company’s current repurchase program.

Subsequent to October 1, 2011, and on or before November 7, 2011, the Company repurchased approximately 117,000 shares for $2,060,000.