Note 9 - Common Stock Repurchases

9 Months Ended

Jan. 01, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE 9 . COMMON STOCK REPURCHASES

From time to time with our Board of Directors’ approval, we acquire outstanding common stock in the open market to partially offset dilution from our equity award programs and to increase our return on our invested capital.

On

August

28,

2007,

we announced the approval of a share repurchase plan and authorized the repurchase of up to

$100.0

million of our common stock.

On

July

9,

2013,

we announced the approval of a share repurchase program under which we were authorized to repurchase an additional

$50.0

million of our common stock. The repurchase program does not have a termination date, and

may

be modified, extended or terminated at any time. We intend to retire all shares repurchased under the stock repurchase plan. The purchase price for the repurchased shares of Exar is reflected as a reduction of common stock and additional paid-in capital. Since the inception of the repurchase plan through

January

1,

2017,

we have repurchased a total of

11.1

million shares for an aggregate purchase price of

$105.2

million.

We did not repurchase any common stock during the

three

or

nine

months ended

January

1,

2017

or

December

27,

2015.