Stockholders' Equity

3 Months Ended

Jun. 24, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock

The Company issued a net 0.2 million and 0.3 million shares of common stock during the three months ending June 24, 2017 and June 25, 2016, respectively, primarily pursuant to the Company’s 2006 Stock Incentive Plan.     

Share Repurchase Program

Since inception, $69.8 million of the Company’s common stock has been repurchased under the Company’s 2015 $200 million share repurchase program, leaving $130.2 million available for repurchase under this plan as of June 24, 2017.  During the three months ended June 24, 2017, the Company repurchased 0.7 million shares of its common stock, for $45.6 million, at an average cost of $64.26 per share.  All of these shares were repurchased in the open market and were funded from existing cash.  All shares of our common stock that were repurchased were retired as of June 24, 2017.