Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

v2.4.0.8
Repurchase of Common Stock
9 Months Ended
Jun. 28, 2014
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 June quarter of fiscal years 2014 and 2013, we purchased 66,556 shares and 228,354 shares, respectively, of our common stock for a total cost of $1.0 million and $3.3 million, respectively. Through June 28, 2014, we have purchased 2,122,246 shares of our common stock for an aggregate of $25.3 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 June 28, 2014, $4.7 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 June 28, 2014:
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
March 30, 2014 to May 3, 2014
 
13,119

 
$
15.23

 
13,119

 

$5.5
 million
May 4, 2014 to May 31, 2014
 
53,437

 
$14.99
 
53,437

 

$4.7
 million
June 1, 2014 to June 28, 2014
 

 

 

 

$4.7
 million
Total
 
66,556

 
$15.04
 
66,556

 

$4.7
 million