Share Repurchase Plan
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3 Months Ended | |
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Mar. 28, 2015
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Share Repurchase Plan | 9. Share Repurchase Plan On February 13, 2015, the Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $300,000 of the common shares of Garmin Ltd. The repurchases may be made from time to time as market and business conditions warrant on the open market or in negotiated transactions in compliance with the SEC’s Rule 10b-18. The timing and amounts of any repurchases will be determined by the Company’s management depending on market conditions and other factors including price, regulatory requirements and capital availability. The program does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time. The share repurchase authorization expires on December 31, 2016. As of March 28, 2015, the Company had repurchased 331 shares using cash of $16,260. There remains approximately $283,740 available to repurchase additional shares under this authorization. |