Quarterly report pursuant to Section 13 or 15(d)

Note O - Repurchase of Common Stock

v3.20.1
Note O - Repurchase of Common Stock
6 Months Ended
Mar. 28, 2020
Notes to Financial Statements  
Treasury Stock [Text Block]
Note O—Repurchase of Common Stock
 
As of
September 28, 2019,
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.
 
Through
March 28, 2020
, we have purchased
3,598,933
shares of our common stock for an aggregate of
$52.5
million under our Stock Repurchase Program since its inception. All purchases were made at the discretion of management and pursuant to the safe harbor provisions of SEC Rule
10b
-
18.
As of
March 28, 2020
,
$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
March 28, 2020:
 
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 29, 2019 to February 1, 2020
   
     
     
 
$9.5 million
February 2, 2020 to February 29, 2020
   
53,761
   
$
22.21
     
53,761
 
8.3 million
March 1, 2020 to March 28, 2020
   
46,210
     
18.08
     
46,210
 
7.5 million
Total
   
99,971
   
$
20.30
     
99,971
 
$7.5 million