Stockholders' Equity

3 Months Ended

Mar. 29, 2013

Equity [Abstract]

Stockholders' Equity

NOTE 15: STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss were as follows (in thousands):

	March 29, 2013			December 31, 2012
Foreign currency translation adjustments	$	(1,126	)	$	(502	)
Unrealized gain on investments		45			37
Accumulated Other Comprehensive Loss	$	(1,081	)	$	(465	)

Common Stock Repurchases

On January 28, 2013, our Board of Directors approved a $75 million increase to our existing $25 million stock repurchase program. On February 19, 2013, the Board approved a further $35 million increase to the program upon the closing of a sale of the Company’s cable access HFC business, which closed on March 5, 2013. The Board authorized aggregate repurchases under the program of $135 million, approximately $31.9 million of which had been utilized for repurchases as of March 29, 2013. Under the program, we are authorized to repurchase shares of common stock in open market transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Exchange Act. The timing and actual number of shares repurchased, if any, depends on a variety of factors, including the price and availability of our shares, trading volume and general market conditions. The program may be suspended or discontinued at any time without prior notice.

During the three months ended March 29, 2013, the Company repurchased and retired approximately 1.6 million shares of common stock at an average price of $5.76 per share, for an aggregate purchase prices of approximately $9.3 million, leaving approximately $103.1 million available for purchases under the program as of March 29, 2013. The Company charges the excess of cost over par value for the repurchase of its common stock to additional paid-in capital.