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Share Repurchase Program and Subsequent Event
3 Months Ended
Jan. 01, 2022
Share Repurchase Program and Subsequent Event [Abstract]  
Share Repurchase Program and Subsequent Event
13.  Share Repurchase Program and Subsequent Event

During the quarter, the Company repurchased and retired 728 thousand shares for $51 million.

In February 2022, the Company announced a new board authorized $1 billion share repurchase program.  Share repurchases will be made through open market purchases, privately negotiated transactions, Rule 10b5-1 plans, or other transactions in accordance with applicable securities laws and in such amounts at such times as the Company deems appropriate based upon prevailing market and business conditions and other factors.  The Company’s 2018 authorized repurchase program which had $342 million remaining available as of January 1, 2022 was terminated upon authorization of the new repurchase program.  The new share repurchase program has no expiration date and may be suspended at any time.