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
6 Months Ended
Apr. 02, 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 March 2022 quarter, we purchased 28,015 shares of our common stock for an aggregate of $0.8 million. Through March 2022, we have purchased 3,701,180 shares of our common stock for an aggregate of $55.5 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 2022, $4.5 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date.