Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

Repurchase of Common Stock

6 Months Ended

Apr. 01, 2017

As of April 1, 2017, our Board of Directors authorized management to use up to $40.0 million to repurchase stock in open market transactions under our Stock Repurchase Program.

During the March quarter of fiscal years 2017 and 2016, we purchased 49,400 and 45,460 shares, respectively, of our common stock for a total cost of $0.8 million and $0.7 million, respectively. Through April 1, 2017, we have purchased 2,576,193 shares of our common stock for an aggregate of $32.5 million since the inception of our Stock Repurchase Program. All purchases were made at the discretion of management and pursuant to the safe harbor provisions of SEC Rule 10b-18. As of April 1, 2017, $7.5 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date.

The following table summarizes the purchases of our common stock for the quarter ended April 1, 2017:



Period	Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans	Dollar Value of Shares that May Yet Be Purchased Under the Plans
January 1, 2017 to February 4, 2017	—	$0.00	—		$8.3	million
February 5, 2017 to March 4, 2017	—	$0.00	—		$8.3	million
March 5, 2017 to April 1, 2017	49,400	$16.24	49,400		$7.5	million
Total	49,400	$16.24	49,400		$7.5	million