Changes in Stockholders' Equity and Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 29, 2014

Stockholders' Equity Note [Abstract]

Changes in Stockholders' Equity and Accumulated other Comprehensive Loss

Changes in Stockholders' Equity and Accumulated Other Comprehensive Loss (in thousands):

	Common stock		Paid-in  capital		Accumulated deficit			Accumulated other comprehensive loss			Total
Balances, December 28, 2013	$	1,157	$	626,861	$	(242,193	)	$	(145	)	$	385,680
Net Income for the three months ended March 29, 2014	—		—		11,984			—			11,984
Unrealized loss related to marketable securities, net	—		—		—			(51		)	(51		)
Recognized gain on redemption of marketable securities, previously unrealized	—		—		—			(9		)	(9		)
Translation adjustments	—		—		—			(176		)	(176		)
Common stock issued in connection with the exercise of stock options, ESPP and vested RSUs (net of taxes)	16		4,209		—			—			4,225
Stock-based compensation expense related to stock options, ESPP and RSUs	—		3,090		—			—			3,090
Balances, March 29, 2014	$	1,173	$	634,160	$	(230,209	)	$	(381	)	$	404,743

On February 27, 2013, our Board of Directors approved a stock repurchase program pursuant to which up to $20.0 million of outstanding common stock could be repurchased from time to time. The duration of the repurchase program was twelve months. During fiscal 2013, approximately 0.8 million shares were repurchased for $3.7 million. The 2013 program expired during the three months ended March 29, 2014. No shares were repurchased during those three months.

On March 3, 2014, our Board of Directors approved a stock repurchase program pursuant to which up to $20.0 million of outstanding common stock may be repurchased from time to time. The duration of the repurchase program is twelve months. No shares were repurchased under this program during the three months ended March 29, 2014. We expect that all future repurchases will be open market transactions funded from available working capital.