XML 32 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Common Stock Repurchases
12 Months Ended
Apr. 01, 2012
Common Stock Repurchases [Abstract]  
Common Stock Repurchases

NOTE 11.    COMMON STOCK REPURCHASES

From time to time, we acquire outstanding common stock in the open market to partially offset dilution from our equity award programs, to increase our return on our invested capital and to bring our cash to a more appropriate level for our company.

On August 28, 2007, we announced the approval of a share repurchase plan (“2007 SRP”) and authorized the repurchase of up to $100 million of our common stock.

During fiscal years 2012, 2011 and 2010, we did not repurchase any shares of our outstanding common stock.

As of April 1, 2012, the remaining authorized amount for share repurchases under the 2007 SRP was $11.8 million. The 2007 SRP does not have a termination date. We may continue to utilize our share repurchase plan, which would reduce our cash, cash equivalents and/or short-term marketable securities available to fund future operations and to meet other liquidity requirements.