Annual report pursuant to Section 13 and 15(d)

Dividends to Shareholders Dividends to Shareholders

v3.3.1.900
Dividends to Shareholders Dividends to Shareholders
 12 Months Ended
Jan. 02, 2016
Equity [Abstract]  
Dividends to Shareholders
DIVIDENDS TO SHAREHOLDERS

The Company declared dividends of $12,018, $38,377, and $11,806 to shareholders in 2015, 2014, and 2013, respectively.

Except as noted below, the Company declared the following regular quarterly dividends to shareholders of record on the last day of the respective quarter, paid on the 15th day of each month following the date of declaration:
 
 
2015
 
2014
 
2013
First quarter
 
$
0.090

 
$
0.090

 
$
0.090

Second quarter
 
0.090

 
0.090

 
0.090

Third quarter
 
0.090

 
0.090

 
0.090

Fourth quarter
 
0.090

 
0.090

 
0.090



In addition to the regular quarterly dividends, the Company declared shared distribution cash dividends in 2015, 2014 and 2013, equal to $0.09, $0.09 and $0.09, respectively. The 2015 dividend was paid on March 31, 2015, to shareholders of record on March 15, 2015, the 2014 dividend was paid on March 31, 2014, to shareholders of record on March 15, 2014, and the 2013 dividend was paid on March 31, 2013, to shareholders of record as of March 15, 2013. The shared distribution was introduced in 2008 as a way to reward both shareholders and employees when the Company has a successful year. In February 2016, the Board of Directors declared a shared distribution cash dividend of $0.04 per share, payable on March 31, 2016, to shareholders of record as of March 15, 2016.

In 2014, the Company declared a special one-time cash dividend of $1.00 per share paid on October 24, 2014, to shareholders of record as of October 10, 2014. In declaring the special dividend, the Board of Directors cited the Company's strong cash position, ability to generate on-going cash, and strong financial performance in the first half of 2014 as reasons for its decision.