Stockholders' Equity |
9 Months Ended |
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Sep. 26, 2021 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity | Stockholders' Equity Share Repurchase Program
On October 31, 2019, the Company’s board of directors authorized a share repurchase program under which the Company may, at its discretion, repurchase up to $30.0 million of its common stock through December 31, 2022. Repurchases of the Company's outstanding common stock will be made in accordance with applicable laws and may be made at management's discretion from time to time in the open market, through privately negotiated transactions or otherwise, including pursuant to Rule 10b5-1 trading plans. There is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and extent of repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, and repurchases may be discontinued at any time.
The Company repurchased 196,569 shares of common stock for approximately $6.1 million during the thirty-nine weeks ended September 26, 2021 and 90,144 shares of common stock for approximately $1.4 million during the thirty-nine weeks ended September 27, 2020 (prior to the beginning of the COVID-19 pandemic). Since the beginning of the current share repurchase program the Company has repurchased 286,713 shares of common stock for a total of approximately $7.5 million through the
end of third quarter of 2021. As of September 26, 2021, the Company had approximately $22.5 million remaining to be repurchased under this plan.
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