Stock Repurchase Program

6 Months Ended

Jun. 29, 2012

Stock Repurchase Program [Abstract]

STOCK REPURCHASE PROGRAM

NOTE 14: STOCK REPURCHASE PROGRAM

On April 24, 2012, the Board of Directors approved a stock repurchase program that provides for the repurchase of up to $25.0 million of the Company’s outstanding common stock during the term of the program, which expires 18 months from Board approval. Under the program, the Company may purchase shares of common stock through open market transactions at prices deemed appropriate by management, subject to certain pre-determined price/volume guidelines set, from time to time, by the Board. The timing and amount of repurchase transactions under this program depend on a variety of factors, including price, corporate and regulatory requirements, strategic priorities and other market conditions. The purchases are funded from available working capital. The stock repurchase program may be suspended or discontinued at any time. A summary of the stock repurchase activity under the stock repurchase program, reported based on the trade date, is as follows:

	Shares Repurchased		Weighted Average Price per Share		Amount Repurchased
	(In thousands, except per share amounts)
Common stock repurchased		1,600	$	4.35	$	6,953

As of June 29, 2012, $18.0 million remains available for the repurchase of shares under the stock repurchase program. The Company charges the excess of cost over par value for the repurchase of its common stock to additional paid-in capital. The common stock repurchased was immediately retired.