Quarterly report pursuant to Section 13 or 15(d)

Share Repurchase

 v2.3.0.11
Share Repurchase
6 Months Ended
Jul. 10, 2011
Share Repurchase  
Share Repurchase

12.     Share Repurchase

 

On August 12, 2010, the Company’s board of directors re-authorized a repurchase of up to $50 million of the Company’s equity securities, which may be made from time to time in open market transactions or through privately negotiated transactions through December 31, 2011. This repurchase plan does not obligate the Company to acquire any specific number of shares or acquire shares over any specified period of time.  There were 25,000 shares repurchased in second quarter 2011 with an average purchase price of $33.57 per share for a total of $840,000.  There were 422,530 shares repurchased under the plan for the twenty-eight weeks ended July 10, 2011 with an average purchase price of $24.56 per share for a total of $10.4 million.  Subsequent to July 10, 2011 and through August 10, 2011, we have purchased 154,000 shares for $5.3 million.