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Treasury Stock
9 Months Ended
Dec. 28, 2014
Equity [Abstract]  
Treasury Stock

Note 7. Treasury Stock

Since fiscal 2003, the Company has had various stock repurchase programs that authorized the purchase of the Company’s outstanding common stock. In October 2014, the Company’s Board of Directors approved a program authorizing the repurchase of up to $100 million of the Company’s outstanding common stock over a period of up to 18 months. During the nine months ended December 28, 2014, the Company purchased 1.0 million shares of its common stock for an aggregate purchase price of $11.8 million. As of December 28, 2014, the Company had purchased a total of 127.6 million shares of common stock under these repurchase programs for an aggregate purchase price of $1.95 billion.

Repurchased shares have been recorded as treasury shares and will be held until the Company’s Board of Directors designates that these shares be retired or used for other purposes.