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Note 10 - Common Stock Repurchase Program
6 Months Ended
Jul. 02, 2022
Notes to Financial Statements  
Treasury Stock [Text Block]

Note 10 - Common Stock Repurchase Program

 

 

On November 8, 2021, we announced that our Board of Directors had approved a stock repurchase program pursuant to which up to $100 million of outstanding common stock could be repurchased from time to time (the "2022 Repurchase Program"). The duration of the 2022 Repurchase Program is through the end of December 2022. Under the 2022 Repurchase Program during the second quarter of fiscal 2022, we repurchased 734,292 shares for $35.2 million, or an average price paid per share of $47.88. During the first six months of fiscal 2022, we have repurchased a total of 978,355 shares for $50.2 million, or an average price paid per share of $51.27. As of July 2, 2022, the remaining portion of the amount authorized for the 2022 Repurchase Program is approximately $40 million. All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2022 Repurchase Program were retired by the end of the second quarter of 2022.