Item 1A. Risk Factors
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Item 1A. Risk Factors
In addition to the other information set forth in this 10-Q, you should carefully consider the risks and uncertainties discussed in Part I, Item 1A. Risk Factors in our 10-K and Part II, Item 1A. Risk Factors in our first quarter 2022 Form 10-Q, which could materially adversely affect our business, financial condition, or future results. There have been no material changes to the risk factors disclosed our 10-K and our first quarter 2022 Form 10-Q.
Item 2.****Unregistered Sales of Equity Securities and Use of Proceeds
Information regarding repurchases of our common stock during the quarter ended April 3, 2022:
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs**(2)** | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs**(3)** | |||||||||||||||||||||||
| Period (1) | ||||||||||||||||||||||||||
| January 3, 2022 - January 30, 2022 | 1,650,000 | $ | 102.83 | 1,650,000 | 16,129,441 | |||||||||||||||||||||
| January 31, 2022 - February 27, 2022 | 1,432,263 | 94.55 | 1,432,263 | 14,697,178 | ||||||||||||||||||||||
| February 28, 2022 - April 3, 2022 | 2,125,000 | 88.02 | 2,125,000 | 52,572,178 | ||||||||||||||||||||||
| Total | 5,207,263 | $ | 94.51 | 5,207,263 |
(1)Monthly information is presented by reference to our fiscal months during the second quarter of fiscal 2022.
(2)Share repurchases are conducted under our ongoing share repurchase program announced in September 2001, which has no expiration date. On March 15, 2022, our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. On April 4, 2022, we announced a temporary suspension of our share repurchase program. Repurchases pursuant to this program were last made on April 1, 2022.
(3)This column includes the total number of shares available for repurchase under our ongoing share repurchase program. Shares under our ongoing share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act, or through privately negotiated transactions. The timing, manner, price and amount of repurchases will be determined at our discretion and the share repurchase program may be suspended, terminated or modified at any time for any reason.
**Item 3.**Defaults upon Senior Securities
None.
**Item 4.**Mine Safety Disclosures
Not applicable.
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