Quarterly report pursuant to Section 13 or 15(d)

Note N - Repurchase of Common Stock

v3.19.2
Note N - Repurchase of Common Stock
9 Months Ended
Jun. 29, 2019
Notes to Financial Statements  
Treasury Stock [Text Block]
Note N—Repurchase of Common Stock
 
As of
September 29, 2018
, our Board of Directors authorized management to use up to
$60.0
million to repurchase stock in open market transactions under our Stock Repurchase Program.
 
During the 
June
quarter of fiscal year
2019,
we purchased
14,000
shares of our common stock for a total cost of
$0.3
million. Through
June 29, 2019
, we have purchased
3,498,962
shares of our common stock for an aggregate of
$50.5
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
June 29, 2019
,
$9.5
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
June 29, 2019
:
 
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
March 31, 2019 to May 4, 2019
   
     
     
 
$9.9 million
May 5, 2019 to June 1, 2019
   
14,000
    $
21.97
     
14,000
 
9.5 million
June 2, 2019 to June 29, 2019
   
     
     
 
9.5 million
Total
   
14,000
    $
21.97
     
14,000
 
$9.5 million