Stockholders' Equity

9 Months Ended

Oct. 02, 2012

Stockholders' Equity

Stockholders' Equity

5. Stockholders’ Equity

On July 23, 2012, our Board of Directors (the “Board”) approved the initiation of a cash dividend to our stockholders.  A cash dividend of $0.12 per common share totaling $6.4 million was declared and paid during the third quarter of fiscal 2012.  On October 22, 2012, our Board of Directors approved a quarterly cash dividend of $0.12 per share to be paid on November 20, 2012 to the stockholders of record on November 7, 2012.  Based on shares outstanding as of the date of this report, the third quarter dividend payment will be approximately $6.4 million.  Future dividends will be subject to Board approval.