Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

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Repurchase of Common Stock
9 Months Ended
Jun. 27, 2015
Equity [Abstract]  
Repurchase of Common Stock
Repurchase of Common Stock
As of January 23, 2013, our Board of Directors authorized management to use up to $30.0 million to repurchase stock in open market transactions under our Stock Repurchase Program.
During the June quarter of fiscal years 2015 and 2014, we purchased 30,700 shares and 66,556 shares, respectively, of our common stock for a total cost of $0.4 million and $1.0 million, respectively. Through June 27, 2015, we have purchased 2,152,946 shares of our common stock for an aggregate of $25.7 million since the inception of our 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 27, 2015, $4.3 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 27, 2015:
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 29, 2015 to May 2, 2015
 

 
$

 

 

$4.7
 million
May 3, 2015 to May 30, 2015
 

 
$

 

 

$4.7
 million
May 31, 2015 to June 27, 2015
 
30,700

 
$
14.35

 
30,700

 

$4.3
 million
Total
 
30,700

 
$
14.35

 
30,700

 

$4.3
 million