Common Stock Repurchases (Tables)

6 Months Ended

Jun. 25, 2022

Summary of Shares Repurchase and Cancellation

The following table summarizes the repurchase and cancellation of common stock by the Company for the periods indicated:

	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Shares repurchased and canceled		7,621		982		20,385		3,142
Total cost of shares repurchased and canceled (in thousands)	$	752	$	106	$	2,140	$	316
Average price per share	$	98.71	$	107.63	$	104.99	$	100.49

The following table summarizes the repurchase and cancellation of common stock under the share repurchase program:

	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Shares repurchased and canceled		67,700		265,889		166,050		301,889
Total cost of shares repurchased and canceled (in thousands)	$	6,525	$	27,171	$	16,054	$	30,934
Average price per share	$	96.38	$	102.19	$	96.68	$	102.47

On July 21, 2022, the Company’s Board of Directors authorized a $100 million increase and two-year extension to the share repurchase program, raising the aggregate authorization under the program to $600 million and extending it through December 31, 2024.