Quarterly report pursuant to Section 13 or 15(d)

Note N - Repurchase of Common Stock

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Note N - Repurchase of Common Stock
3 Months Ended
Jan. 01, 2022
Notes to Financial Statements  
Treasury Stock [Text Block]

 

Note N—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.  During the December 2021 quarter, we purchased 74,232 shares of our common stock for an aggregate of $2.1 million. Through December 2021, we have purchased 3,673,165 shares of our common stock for an aggregate of $54.6 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 December 2021, $5.4 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date.