Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table sets forth information with resp ect to purchases of the Company’s common stock on a trade date basis made by the Company or any affiliated purchasers during the quarter ended April 3, 2026:
Period Total number
of shares
purchased
Average price
paid per share Total number
of shares
purchased
as part of publicly
announced plans or
programs (a)
Maximum dollar
value of shares that may yet be
purchased under the
plans or programs (in millions)
January 1 - January 30
— — N/A
N/A
January 31 - February 27
1,179,118 $ 42.40 1,179,118 $ 150.0
February 28 - April 3
— — N/A
N/A
Total 1,179,118 $ 42.40 1,179,118 $ 150.0
(a) On June 30, 2025, the Company announced that the Board had approved a share repurchase authorization of up to $ 200.0 million of the Company’s common stock. During the quarter ended April 3, 2026, the Company repurchased 1.2 million shares of its common stock at an average price of $ 42.40 per share for a total cost of $ 50.5 million (including $0.5 million in taxes and fees). On May 12, 2026, the Company announced that the Board raised the share repurchase authorization to $ 500.0 million. The timing and amount of share repurchases will be determined by the Company based on its evaluation of market conditions and other factors. The share repurchase authorization has no expiration date, does not obligate the Company to acquire any particular amount of shares, and may be suspended or discontinued at any time.
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