Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

Repurchase of Common Stock

6 Months Ended

Mar. 31, 2018

As of March 31, 2018, 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 March quarter of fiscal year 2018, we purchased 74,934 shares of our common stock for a total cost of $1.5 million. Through March 31, 2018, we have purchased 3,113,545 shares of our common stock for an aggregate of $43.2 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 March 31, 2018, $6.8 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 March 31, 2018:



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
December 31, 2017 to February 3, 2018	23,070	$20.46	23,070		$7.8	million
February 4, 2018 to March 3, 2018	22,000	19.09	22,000	7.4		million
March 4, 2018 to March 31, 2018	29,864	19.12	29,864	6.8		million
Total	74,934	$19.52	74,934		$6.8	million