Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.19.3
Shareholders' Equity
9 Months Ended
Sep. 29, 2019
Stockholders Equity Note [Abstract]  
Stockholders' Equity

(6) Shareholders’ Equity

Subsequent to the end of the third quarter of fiscal year 2019 the Company’s Board of Directors approved a new share repurchase program under which the Company is authorized to repurchase up to $60 million of outstanding common stock from time to time.  The new share repurchase program replaces the previous share repurchase program announced in October 2017, which has been terminated.  The Company spent $48.5 million to repurchase 2.1 million shares of its common stock, at an average price of $23.31 per share, under its previous share repurchase program.  During the first thirty-nine weeks of fiscal year 2019, 940,515 shares were repurchased at an aggregate cost of $20.6 million, or an average cost of $21.90 per share.  As of September 29, 2019, $11.5 million remained available for future purchases under the previous share repurchase program.

The Company’s Board of Directors declared the following dividends during the periods presented (amounts in thousands, except per share amounts):

 

Declaration Date

 

Dividend per Share

 

 

Record Date

 

Total Amount

 

 

Payment Date

Fiscal Year 2019

 

 

 

 

 

 

 

 

 

 

 

 

February 22, 2019

 

$

0.13

 

 

March 7, 2019

 

$

3,967

 

 

March 21, 2019

May 3, 2019

 

$

0.13

 

 

May 23, 2019

 

$

3,931

 

 

June 6, 2019

August 2, 2019

 

$

0.13

 

 

August 22, 2019

 

$

3,854

 

 

September 5, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2018

 

 

 

 

 

 

 

 

 

 

 

 

February 21, 2018

 

$

0.11

 

 

March 8, 2018

 

$

3,390

 

 

March 22, 2018

May 4, 2018

 

$

0.11

 

 

May 24, 2018

 

$

3,397

 

 

June 7, 2018

August 10, 2018

 

$

0.11

 

 

August 23, 2018

 

$

3,389

 

 

September 6, 2018

 

Subsequent to the end of the third quarter of fiscal year 2019, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.13 per common and restricted share, or approximately $3.8 million in the aggregate based on the number of shares currently outstanding, payable on December 5, 2019 to stockholders of record as of the close of business on November 21, 2019.

Outstanding unvested restricted stock is not included in common stock outstanding amounts. Restricted stock awards outstanding as of September 29, 2019 aggregated 874,903 shares.  Restricted stock units outstanding as of September 29, 2019 aggregated 22,960 shares.