Quarterly report pursuant to Section 13 or 15(d)

Note O - Repurchase of Common Stock

Note O - Repurchase of Common Stock
9 Months Ended
Jun. 27, 2020
Notes to Financial Statements  
Treasury Stock [Text Block]

Note O—Repurchase of Common Stock


As of September 28, 2019, our Board of Directors authorized management to use up to $60.0 million to repurchase stock in open market transactions under our Stock Repurchase Program.


Through June 27, 2020, we have purchased 3,598,933 shares of our common stock for an aggregate of $52.5 million under our Stock Repurchase Program since its inception. 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, 2020, $7.5 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date. During March 2020, we temporarily suspended share repurchases in an effort to preserve liquidity during the COVID-19 pandemic.