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Treasury Stock
12 Months Ended
Dec. 29, 2018
Equity [Abstract]  
Treasury Stock

NOTE 9 - TREASURY STOCK

 

On April 21, 2015, we announced that the Board of Directors had authorized the repurchase of up to $2.0 million of our common stock from time to time through open market or privately negotiated transactions, based on prevailing market conditions. We are not obligated to repurchase any dollar amount or specific number of shares of common stock under the repurchase program, which may be suspended, discontinued or reinstated at any time. As of December 29, 2018, the Company had purchased and retired 1,212,773 shares for $1.5 million under this program of which 21,723 shares were purchased in the three months ended December 29, 2018 for $15 thousand. The stock repurchase program was suspended from May 16, 2017 to December 19, 2018.