Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

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Stockholders' Equity
 12 Months Ended
Dec. 30, 2012
Stockholders' Equity  
Stockholders' Equity

14. Stockholders' Equity

        On August 12, 2010, the Company's board of directors authorized a repurchase of up to $50.0 million of the Company's common stock, which was set to expire on December 31, 2011. On October 26, 2011, the Company's board of directors re-authorized a repurchase of up to $50.0 million of the Company's common stock. This authorization expired on December 31, 2012. In fiscal 2012, the Company purchased 895,000 shares with an average purchase price of $29.73 per share for a total of $24.3 million. In fiscal 2011, the Company purchased 1.2 million shares, with an average purchase price of $27.56 per share for a total of $33.0 million. There were no shares repurchased in fiscal 2010.

        On November 15, 2012, the Company's board of directors re-authorized a repurchase of up to $50 million of the Company's common stock. This authorization became effective on January 1, 2013, and will terminate upon completing the repurchase of $50 million of common stock unless earlier terminated by the Company's board of directors. Purchases under the repurchase program may be made in open market or privately negotiated transactions. Purchases may be made from time to time at the Company's discretion and the timing and amount of any share repurchases will be determined based on share price, market conditions, legal requirements and other factors. The repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time.