Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

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Repurchase of Common Stock
3 Months Ended
Dec. 30, 2017
Equity [Abstract]  
Repurchase of Common Stock
Repurchase of Common Stock
As of December 30, 2017, our Board of Directors authorized management to use up to $50.0 million to repurchase stock in open market transactions under our Stock Repurchase Program.
During the December quarter of fiscal year 2018, we purchased 145,124 shares of our common stock for a total cost of $3.0 million. Through December 30, 2017, we have purchased 3,038,611 shares of our common stock for an aggregate of $41.7 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 December 30, 2017, $8.3 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 December 30, 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
October 1, 2017 to November 4, 2017
 
29,081

 
$21.04
 
29,081

 

$10.7
 million
November 5, 2017 to December 2, 2017
 
46,444

 
20.67
 
46,444

 
9.7
 million
December 3, 2017 to December 30, 2017
 
69,599

 
20.56
 
69,599

 
8.3
 million
Total
 
145,124

 
$20.69
 
145,124

 

$8.3
 million