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Common Stock
 6 Months Ended
Jun. 26, 2022
Equity [Abstract]  
Common Stock Common Stock
Shares Authorized and Outstanding
The Company has authorized 5.0 million shares of preferred stock (of which none were issued or outstanding at June 26, 2022 and December 26, 2021) and 100.0 million shares of common stock as of June 26, 2022 and December 26, 2021. There were 35.2 million shares of common stock outstanding, net of repurchased shares of common stock at June 26, 2022, compared to 35.8 million shares at December 26, 2021.
Share Repurchase Program
On October 28, 2021, our Board of Directors approved a share repurchase program with an indefinite duration for up to $425.0 million of the Company’s common stock. This share repurchase program operated alongside our previous $75.0
million share repurchase authorization, which began on November 4, 2020 and expired on December 26, 2021. The following table summarizes our repurchase activity under our share repurchase programs for the three and six months ended June 26, 2022 and June 27, 2021:
(in thousands, except average price per share)Total
Number
of Shares
Purchased		Average
Price
Paid per
 Share		Aggregate
Cost of
Shares
Purchased		Maximum Dollar
Value of Shares
that May Yet Be
Purchased Under the
Plans or Programs
Three Months Ended
June 26, 2022452 $94.56 $42,762 $349,329 
June 27, 202168 $101.21 $6,921 $64,110 
(in thousands, except average price per share)Total
Number
of Shares
Purchased		Average
Price
Paid per
 Share		Aggregate
Cost of
Shares
Purchased		Maximum Dollar
Value of Shares
that May Yet Be
Purchased Under the
Plans or Programs
Six Months Ended
June 26, 2022753 $100.23 $75,471 $349,329 
June 27, 202183 $98.23 $8,188 $64,110 
Subsequent to June 26, 2022, we acquired an additional 229,000 shares at an aggregate cost of $19.5 million and an average price of $85.15 per share. Approximately $329.8 million remained available under the Company’s share repurchase program as of July 29, 2022.
The timing and volume of share repurchases under the Company’s share repurchase programs may be executed at the discretion of management on an opportunistic basis, subject to market and business conditions, regulatory requirements and other factors, or pursuant to trading plans or other arrangements. Repurchases under the programs may be made through open market, block, and privately negotiated transactions, including Rule 10b5-1 plans, at times and in such amounts as management deems appropriate. Repurchases under the Company’s share repurchase programs may be commenced or suspended from time to time at the Company’s discretion without prior notice. Funding for the share repurchase programs will be provided through our credit facility, operating cash flow, stock option exercises and cash and cash equivalents.
Dividends
The Company recorded dividends of approximately $25.1 million ($0.70 per share) for the six months ended June 26, 2022. On August 2, 2022, our Board of Directors declared a second quarter dividend of $0.42 per common share (approximately $14.9 million in the aggregate), which will be paid on August 26, 2022 to stockholders of record as of the close of business on August 15, 2022. The declaration and payment of any future dividends will be at the discretion of our Board of Directors.