SHARE REPURCHASE PROGRAM

6 Months Ended

Mar. 30, 2013

SHARE REPURCHASE PROGRAM

SHARE REPURCHASE PROGRAM

H. SHARE REPURCHASE PROGRAM

On November 20, 2012, the Company announced the approval by its Board of Directors for the repurchase of up to $10 million of the Company’s outstanding common stock from time to time on the open market or in privately negotiated transactions, including pursuant to a Rule 10b5-1 nondiscretionary trading plan.  This stock repurchase authorization is effective for a period of twelve months. Through March 30, 2013, the Company repurchased approximately 123,000 shares of common stock for approximately $1.6 million.

In April 2012, the Company’s Board of Directors approved a similar program for the repurchase of up to $10 million of the Company’s outstanding common stock. In fiscal 2012, the Company repurchased 823,970 shares of common stock for approximately $10 million.