Exponent Authorizes Additional $35 Million for Stock Repurchase

Exponent, Inc. (Nasdaq: EXPO) today announced that its Board of Directors has approved an additional $35 million for stock repurchase. In addition to the $9.4 million still available from a 2011 authorization the total now available for repurchase is $44.4 million. This authorizes Exponent to purchase its common stock in the open market or privately negotiated transactions in compliance with Securities and Exchange Commission's Rule 10b-18.

During 2011, Exponent generated $46.6 million in cash flow from operations, repurchased one million shares of its common stock for $40.6 million, and closed the year with $109.7 million in cash, cash equivalents and short-term investments.