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Stock Repurchase Program
3 Months Ended
Mar. 29, 2014
Stock Repurchase Program [Abstract]  
Stock Repurchase Program

NOTE 11Stock Repurchase Program

 

On March 13, 2012 the Company announced a $275 million stock repurchase program. For the three months ended March 29, 2014 and March 30, 2013 the Company repurchased 1.4 million and nil shares, respectively.  Total cash cost was approximately $8.9 million and nil, respectively.  The repurchased shares were retired immediately.  Accordingly, the repurchased shares were recorded as a reduction of common stock, additional paid-in capital and accumulated deficit.  As of March 29, 2014, the Company had completed $247.9 million of the announced $275 million stock repurchase program.