Annual report pursuant to Section 13 and 15(d)

Repurchase of Common Stock

Repurchase of Common Stock

12 Months Ended

Oct. 01, 2016

REPURCHASE OF COMMON STOCK

As of October 1, 2016, our Board of Directors had authorized management to use up to $40.0 million to repurchase stock in open market transactions under our Stock Repurchase Program.

During fiscal years 2016, 2015 and 2014, we purchased 217,568 shares, 140,336 shares, 78,674 shares, respectively, of our common stock for a total cost of $3.5 million, $2.1 million, $1.2 million, respectively. As of October 1, 2016, we have purchased 2,480,150 shares of common stock for an aggregate of $30.9 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 October 1, 2016, $9.1 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 October 1, 2016:



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
July 3 to August 6, 2016	—	$	—	—		$10.8	million
August 7 to September 3, 2016	16,093	$	18.43	16,093		$10.5	million
September 4 to October 1, 2016	87,685	$	16.30	87,685		$9.1	million
Total	103,778	$	16.63	103,778		$9.1	million