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TREASURY STOCK ACTIVITY
 6 Months Ended
Jun. 28, 2026
Equity [Abstract]  
TREASURY STOCK ACTIVITY TREASURY STOCK ACTIVITY
A summary of our treasury stock activity is as follows:
Six Months Ended June 28, 2026
SharesDollars
In thousands
Shares repurchased in the open market under pre-approved share repurchase programs1,030,614 $200,000 
Shares repurchased in the open market to replace Treasury Stock issued for stock options and incentive compensation1,215,696 239,354 
Total share repurchases2,246,310 439,354 
Shares issued for stock options and incentive compensation(322,162)$(13,405)
Total net share repurchases1,924,148 425,949 
Excise tax associated with net share repurchases (1)— $4,259 
Net change1,924,148 $430,208 
(1)A corresponding liability for excise tax associated with net share repurchases is classified on our Consolidated Balance Sheets within accrued liabilities.
In December 2023, our Board of Directors approved a $500 million share repurchase authorization. As a result of the share repurchase authorization, approximately $270 million remains available for repurchases under our December 2023 share repurchase authorization. In June 2026, our Board of Directors approved an additional $500 million share repurchase authorization. This program is to commence after the existing 2023 authorization is completed and is to be utilized at management’s discretion. We are authorized to purchase our outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of Common Stock will be held as treasury shares. Purchases under approved share repurchase authorizations are in addition to our practice of buying back shares sufficient to offset those issued under incentive compensation plans.