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Subsequent Events Subsequent Events
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9 Months Ended |
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Sep. 27, 2014
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| Subsequent Events [Abstract] | |
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Note 18 – Subsequent Events
On October 22, 2014, the Company's Board of Directors declared a quarterly dividend on its common stock of $0.125 per share. The dividend will be payable December 15, 2014 to shareholders of record on November 25, 2014.
On October 22, 2014, the Company’s Board of Directors authorized a program to repurchase up to $200 million of the Company’s outstanding common stock. Share repurchases will be completed in the open market or through privately negotiated transactions over approximately a two-year period. The Company’s share repurchase program does not obligate it to acquire any specific number of shares, and the Company may discontinue purchases at any time that management determines additional purchases are not warranted.
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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