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Repurchase of Common Stock
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3 Months Ended |
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Dec. 28, 2013
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| 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.
We did not purchase any shares during the quarter ended December 28, 2013. During the prior year quarter, we purchased 139,797 shares of our common stock for a total cost of $2.0 million. As of December 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 December 28, 2013, $5.9 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date.
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