Transition report pursuant to Rule 13a-10 or 15d-10

Repurchase of Common Stock

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Repurchase of Common Stock
3 Months Ended
Sep. 28, 2013
Equity [Abstract]  
Repurchase of Common Stock
Repurchase of Common Stock
As of June 29, 2013, our Board of Directors had authorized management to use up to $30.0 million to repurchase Delta Apparel stock in open market transactions under our Stock Repurchase Program.
During the transition period we purchased 129,348 shares of our common stock for a total cost of $2.1 million. During the prior year quarter, we purchased 72,854 shares of our common stock for a total cost of $1.0 million. As of September 28, 2013, we have purchased 2,043,571 shares of our common stock for an aggregate of $24.1 million since the inception of the 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 September 28, 2013, $5.9 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 transition period ended September 28, 2013:
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
June 30, 2013 to August 3, 2013
 
109,090

 
$15.84
 
109,090

 

$6.2
 million
August 4, 2013 to August 31, 2013
 
20,258

 
$15.96
 
20,258

 

$5.9
 million
September 1, 2013 to September 28, 2013
 

 
$0.00
 

 

$5.9
 million
Total
 
129,348

 
$15.86
 
129,348

 

$5.9
 million