Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
On May 2, 2024, the Company’s Board of Directors approved a new share repurchase program (the “2024 Plan”). The 2024 Plan authorizes the Company to repurchase up to $500.0 million of its outstanding stock. The 2024 Plan will be funded from the Company’s available cash balances. As of March 27, 2026, there was $328.1 million of purchases remaining under the 2024 Plan. The 2024 Plan does not obligate the Company to acquire any particular amount of common stock, and it may be terminated at any time at the Company’s discretion.
As illustrated in the following table, there were no share purchases of our common stock under the 2024 Plan during the second quarter of fiscal 2026 (in thousands, except per share data):
Period
(4-5-4 calendar) Total Number Of Shares Purchased Avg Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Value of Shares that May Yet Be Purchased Under the Program
December 27, 2025 to January 23, 2026 — $ — — $ 328,114
January 24, 2026 to February 27, 2026 — $ — — $ 328,114
February 28, 2026 to March 27, 2026 — $ — — $ 328,114
Total — —
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.