XML 58 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity
9 Months Ended
Sep. 26, 2014
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss were as follows (in thousands):
 
September 26, 2014
 
December 31, 2013
Foreign currency translation adjustments
$
(682
)
 
$
(242
)
Unrealized gain (loss) on investments
(288
)
 
33

Accumulated other comprehensive loss
$
(970
)
 
$
(209
)

Common Stock Repurchases
On April 24, 2012, our Board of Directors (the "Board") approved a stock repurchase program that provided for the repurchase of up to $25 million of our outstanding common stock. During 2013, the Board approved $195 million of increases to the program, increasing the aggregate authorized amount of the program to $220 million. On February 6, 2013, the Board approved a modification to the program that permits the Company to also repurchase its common stock pursuant to a plan that meets the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934. On May 14, 2014, the Board approved an increase to the aggregate amount authorized under the repurchase program of $80 million and extended the repurchase period through the end of 2016.
As of September 26, 2014, we had purchased 36.3 million shares of common stock under this program at a weighted average price of $6.19 per share for an aggregate purchase price of $224.6 million, excluding fees. The remaining authorized amount for stock repurchases under this program was $75.4 million as of September 26, 2014. For additional information, see "Item2 - Unregistered sales of equity securities and use of proceeds" of this Form 10-Q.