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STOCK REPURCHASE PROGRAMS
9 Months Ended
Sep. 25, 2022
Equity [Abstract]  
STOCK REPURCHASE PROGRAMS
15.
STOCK REPURCHASE PROGRAMS
In January 2022, the Company's Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $100 million, including the $11.0 million remaining under the previous authorization. Approximately $62.9 million remains in the amount of the Company's common stock that may be acquired under the current stock repurchase program as of September 25, 2022. The Company repurchased 154,388 shares of its common stock at an average price of $48.18 per share for an aggregate cost of $7.4 million in the third quarter ended September 25, 2022, and 808,642 shares of its common stock at an average price of $60.28 per share for an aggregate cost of $48.7 million in the nine months ended September 25, 2022. The Company repurchased 128,929 shares of its common stock at an average price of $80.62 per share for an aggregate cost of $10.4 million in the third quarter ended September 26, 2021 and repurchased 388,929 shares at an average price of $82.14 per share for an aggregate cost of $31.9 million in the nine months ended September 26, 2021.
Accrued share repurchases included above were approximately $1.9 million and $0.1 million as of September 25, 2022 and December 31, 2021, respectively, to record trades executed on the Company's behalf but not settled.